Bibop Gresta, the chairman of Hyperloop Transportation Technologies, recently told ETHNews about his company’s plans for blockchain technology.
In August 2013, the aerospace firm SpaceX released a paper[1] describing a new mode of transportation, the hyperloop.
Lauding the technology as a "fast and inexpensive" way to move "people and goods," the document presents a vision for an enclosed tube in which vehicles can travel "at over 700 mph." The vehicles moving through these tubes would rest on "a cushion of air" similar to those that cover the surfaces of air hockey tables except that, in this configuration, the vehicle rather than the tube would be generating the cushion.
The inside of the tube would be a low-pressure environment, with pressure levels regulated by "commercial pumps." Vehicles traversing the hyperloop would, therefore, face minimal air resistance, requiring less energy to be spent on transporting them. Magnets "affixed at various" points along the tube would propel them through it.
Since 2013
In the intervening years, a number of companies have sprung up and begun competing for the distinction of being the first to bring a working hyperloop system to market.
At least one of those firms, Hyperloop Transportation Technologies (Hyperloop TT), believes that blockchain technology will be a component of this futuristic mode of transportation.
Bibop Gresta, Hyperloop TT's Chairman, recently spoke to ETHNews from the United Arab Emirates, where the company had just broken ground on what will be a 10km-long[2] "commercial" hyperloop track covering some of the terrain between Dubai and Abu Dhabi.
The company is also set to assemble[3] a prototype that Gresta calls a "full-scale hyperloop" in Toulouse, France, which it expects will be operational before the year's end.
While the chairman says that the firm's blockchain
