Canada is to build a highway 80 with the US and Mexico on its mind, as the nations move toward the world’s first blockchain-based public transportation system.
The Canadian government has been eyeing the project since the election of Donald Trump, with the first phase of a $100-million (AU$111-million) infrastructure project in the state of Quebec slated to open in 2021.
In 2018, the government said the road would be open by 2023.
With that milestone in mind, the Canadian government’s announcement Tuesday that it had signed a $50-million US$20 million deal with Ripple Technologies, an international consortium of blockchain firms and the first of its kind, may be seen as an endorsement of the technology in Canada.
The project is also seen as a step towards Canada’s goal of building a world-class public transit system.
Canada’s Transportation Department said in a news release the road project would open by 2020 and that the total cost would not exceed $90-million.
A spokesperson said that Canada was a leading market for blockchain technologies, which would allow the Government to accelerate infrastructure and digital innovation.
The spokesperson did not provide further details about the partnership.
The highway is expected to be a two-lane highway that would run from Gatineau to Montreal and will have a total capacity of 200,000 vehicles per day.
In 2020, the highway is set to open with a total of 3.5 million vehicles and a projected capacity of 6 million vehicles by 2040.
A public-private partnership The highway project is seen as part of Canada’s efforts to get the world on its blockchain bandwagon, with its government also working to promote blockchain as an economic and social driver in the country.
As the largest and most technologically advanced country in the world, Canada’s government is seeking to make public transportation more efficient and more secure by building a public blockchain network.
According to the government, Canada will be the first country in North America to fully utilize a blockchain-enabled public transportation network and will use blockchain technology to secure the road, increase the capacity and reduce the cost of public transportation.
In the news release, the Transport Department said the project will be financed by the Canadian Automobile Association, with funds coming from the federal government.
The Transport Department has also committed to working with the Canada-U.S. Transport Ministers Group, an intergovernmental organization that will coordinate and facilitate blockchain-driven public transportation projects.
The group will also collaborate with the United Nations Global Compact, which will be established in 2021 to promote the use of blockchain technology in global finance.
“This project is about the long-term viability of the public transportation infrastructure and it’s about making it accessible to everyone, regardless of age, geography, or ability to pay,” Transport Minister Brad Duguid said in the release.
“We believe blockchain technology can accelerate our public transportation future.”