FAQs
Frequently Asked Questions
Last updated
Frequently Asked Questions
Last updated
Distributed systems need distributed technologies. User-fee transportation systems such as tolling, transit, and parking are related yet very independent. A blockchain network makes it possible for these types of systems to operate together seamlessly in a highly-scalable, flexible way.
Blockchain technology streamlines how data is shared and reconciled and how business rules are managed, reducing processing time, cost, and risk. It also creates an iron-clad audit trail for transactions and exchanges of data.
No, Tolling.Network does not use cryptocurrencies.
A distributed ledger is a database that is shared on a blockchain network. Network participants that share a distributed ledger each have a copy of it, and each copy is kept in sync by a process called consensus. For example, in, toll interoperability, everyone would have a copy of the distributed ledger for transponder statuses. Each time an agency writes a status update to their copy of the distributed ledger, it would be synchronized with every other copy on the network. This ensures that everyone is always working from the most current ledger.
A smart contract is an encoded set of business rules that are stored on the blockchain. These rules govern how things are done between participants in the network.
Tolling.Network uses , an open-source, enterprise blockchain platform.
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