Deutsche Bahn AG, the German railway operator, has partnered with Unibright, a provider of blockchain integration solution, to test the possibility of tokenizing its ecosystem with blockchain.

As reported, the organization is preparing itself for an internal workshop aimed at checking the possibility of tokenizing its assets. The railway operator wants to analyze if decentralized solutions can reduce the operational costs.

Unibright has created a proof-of-concept (PoC) which states that blockchain can connect different verticals of a common journey, such as travels, catering, hotel bookings, local transports. To achieve this, every instance of the trip needs to be tokenized. In the PoC, a customer can buy, sell and exchange tokens due to the interoperability of the ecosystem. The tokens can also be used as a reward for loyal customers.

Akram Sioud, head of Deutsche Bahn’s sales department, has claimed that with blockchain, the company can become an independent entity offering diverse services from different suppliers and build new distribution channels.