World News: 10:10 GMT Wednesday 17th April 2019. [Yahoo Business News Feed via SPi World News]
Hyperloop Transport Technologies co-founder and chairman Bibop Gresta has revealed that plans are in place to utilise blockchain technology as an underlying solution to the “broken” transportation system. Transportation is broken “Transportation is broken. The way in which we travel sucks,” Gresta told Coin Rivet at the Paris Blockchain Week Summit. Hyperloop, which was conceptualised by SpaceX and Tesla CEO Elon Musk, is looking to launch an intercity transportation method that will take passengers from city to city in relative comfort while traveling at 760 miles per hour. The company launched the first two miles of a hyperloop in Los Angeles in 2018. Reports claimed that the cost of the project stood at $10 billion, but Gresta refuted those figures The post EXCLUSIVE: Elon Musk’s Hyperloop set to use blockchain technology to revolutionise transportation appeared first on Coin Rivet.
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