Blockchain
The Travellers Choice Announces Multi-Year Contract Extension for Lytx Driver Safety Programme
U.K. tour coach operator, The Travellers Choice, has renewed its contract through 2022 with leading machine vision and artificial intelligence-powered video telematics provider Lytx®, to provide analytics, safety and productivity solutions for The Travellers Choice fleet.
The Travellers Choice head office, based in northwest England with depots in Carnforth, Dalton-in-Furness, and London, has been using Lytx DriveCam® Event Recorders since 2016. Lytx won the new contract after a retendering process during which The Travellers Choice assessed other technology suppliers in the U.K. market. The renewed agreement is a testament to the collaborative relationship the two companies have had and will continue to have in the future.
“Lytx video telematics technology has helped us hold our drivers to the highest standards of safety,” said Peter Butterfield, commercial and compliance manager for The Travellers Choice. “After reassessing the market, we realised how important the objective event behaviour review that Lytx provides is to us. With other suppliers, we saw we would have too much video data to manage – the alternative solutions would reduce our operational efficiency, and limit our ability to proactively engage with drivers. With Lytx we saw an opportunity to not only deploy the industry’s leading technology, but to re-energise our drivers around the coaching programme and our commitment to safety.”
In the past year, the tour coach operator achieved:
- 25% reduction in late response incidents
- 46% reduction in insufficient braking distance incidents
- 12% reduction in overall risk severity
These results are all the more notable because they build on already remarkable safety improvements made during the first two years the company worked with Lytx.
Outstanding Ease of Use
Peter is particularly impressed with Lytx’s new user interface. He says one recent incident underscored its exceptional ease of use.
“One of our vehicles was travelling up through Wales and a seven-and-a-half-tonne truck was on the wrong side of the road, hit our mirror, and broke the glass on the side of the vehicle,” Peter said.
“Through the 100-hour replay I was able to download the images, find the company responsible, ring them up, and they paid for the repairs. It was just so simple.”
“I’ve worked with several telematics systems before,” said Peter, “But though they give you a partial picture of what’s happened and some insight into drivers’ driving standards, you don’t get the full picture until you see the video. With video you’re actually there and seeing what they’ve seen and what they’ve done. Lytx is just so much better than a standard telematics system. It helps keep our drivers and customers safe and makes the job of investigation much easier.”
Peter says his drivers have come to see the value of the system. “We’ve taken care to speak with them one to one. They understand that it’s there for their safety, the safety of the customers, and the safety of everyone else around them.”
“We see incidents as an opportunity to learn, to become better at what we do, to be ever safer while we work. I’ve actually been promoting Lytx to other businesses. It’s an excellent tool to have and I strongly advise using it.”
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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