Blockchain Startup could Transform Traffic in Iran

By Maziar Motamedi for Al-Monitor. Any opinions expressed are those of the author, and do not necessarily reflect the views of Iran Business News.

How this Blockchain Startup could help people Transform Traffic in Iran

As the transportation industry continues to grow around the globe, traffic congestion remains as one of the most significant, largely unresolved issues of the modern world. This is no different in Iran, and especially its capital, Tehran, where even the thought of being stuck in afternoon traffic is painful.

But now, thanks to blockchain technologies, the general public may be empowered enough to take matters into their own hands and solve traffic and all the detrimental side effects that come with it.

Since mid-2018, a group of Tehran-based millennial entrepreneurs and developers with extensive backgrounds in Iran’s lively startup scene have been working on Locon, a decentralized ecosystem for transportation, logistics and location-based services.

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