The concept of using blockchain systems in SkyWay projects in plain language

The concept of using blockchain systems in SkyWay projects in plain language

16 September 2019 31531

The basis of SkyWay economic model is a SWG token that interacts with every rail, every sensor, every turnstile and user’s mobile device. A token, like a slug or a ticket, is used to pay for travel, and also helps to distribute profits proportionally among all interested parties, including investors who have contributed their funds in SkyWay technology.

We combine the lines and infrastructure of different owners into a single transport network: these may be national and private companies that are not related to each other, owners of rolling stock, railway stations or track structures.

The relationship of participants is regulated as follows: payment made by passengers is distributed with the help of smart contracts among all those involved in a section of a route on which a person was traveling, in accordance with the rules of the network operation.

A smart contract is a contract written in a programming language. No action is needed to implement it. This is a kind of an algorithm that guarantees the mandatory performance of promises. Don’t think that this is something ephemeral; well-known corporations have long been using it to show customers the transparency of actions.

For example, Alibaba, the world’s largest online B2B trading platform, has invested $18 billion in the development of smart contracts for logistics. The essence is as follows: a GPS-sensor is installed on a container with goods. It will transmit the exact location of the cargo, and when the cargo arrives from point A to point B; payment will be automatically transferred from the customer’s account to the contractor’s account. While the goods are in transit, payment is “on deposit” at the smart contract.

Who can be “involved” in a route section?

SWG tokens based on smart contracts will be constantly used for reciprocal payments between users and organizations. And, if, for example, section 1 of line 1 is under repair, its owner will not receive funds for its use from the carrier company, the same owner of the section will not pay for the use of the station, because no one traveled on his route. And the owner of the station, in its turn, will cover the land lease at the expense of other users.

blockchain, SkyWay technology, targeted projects, token, Unitsky

Why does SkyWay need blockchain?

  1. Blockchain solutions will directly help investors to track where their funds will be spent in the future and understand how their profits are formed.
  2. With the emergence of new participants in the transport infrastructure, the blockchain will allow to avoid bureaucratic delays and confusion with the distribution of funds.
  3. Blockchain allows to link together transport solutions, communications, energy, documents circulation, reciprocal payments for the provision and consumption of services, as well as the use of infrastructure, and to make these business processes as transparent as possible and reduce risks to a minimum.

In fact, blockchain technology is also a way to improve the safety of SkyWay transport systems, because special authenticators are sewn into the rails. They react to the vehicles moving on them. That is a unibus, which is preparing to ride on this or that route, can check the accessibility of this route section in advance (maybe it was suddenly closed for repair?) and quality of rails. Its controller continuously requests the public keys of authenticators.

If the signature corresponds, the rail features are checked via the public register that is implemented on a smart contract: whether the rail has passed the necessary certifications, whether the guarantee is still valid, whether it is compatible with the vehicle; other parameters are also checked. It is detected to which section the rail belongs, and what the characteristics of the section are: maximum speed, turning angle. But, the most important, whether the section is functioning, whether there are no accidents on it.

A similar checking is carried out with respect to the vehicle: the post reads out data on the status of the vehicle, on observance/non-observance of maintenance schedule, on compatibility with a certain section of the track. The system also checks whether the vehicle is assigned the possibility to travel on a certain section.

How is the distribution of funds done?

The entire transport network does not belong to one person or company. This is a community, where there are many different service providers, carriers, maintenance and repair organizations. And all of them should make reciprocal payments with each other.

The use of blockchain technology and smart contract provides avoiding endless bills, delays and so on. Processes are automated. For example, all vehicles have electric power meters installed to record how much power they used up and how much they returned to the grid when braking. Respectively, the difference is paid by either the electricity supplier or the vehicle owner. Depending on whether more is spent or added. And it is so with respect to all interactions: movement on different sections of the track, visiting the VIP room at the station building, etc.

It’s basically like a game of Monopoly. You have a “factory”, everyone who passes through this box pays you. The neighbor has a network of cleaning companies; you pay him out of your income for the mandatory weekly cleaning of the factory. And so on. Just imagine now that you would not have physical money, and all actions would have to be performed not by yourself, but they would be performed automatically with the consent of the user.

Where does money come from?

Suppose that they decided to build a section of route in region N. Several offers will be prepared for a customer. They will differ in the cost of project designing and construction, as well as in the methods of financing. For example, the administration of this region invests itself part of the funds, a little more is invested by SkyWay Group of Companies, and the rest is contributed by private investors through STO. Accordingly, the tokens are distributed in proportion to the contributions between all participants in the construction. And then all participants receive income proportionately, too.

Thus, a targeted project appears. It will also have its own tokens, for example, SWX. They are different from SWG tokens. They are called security or investment tokens. You can buy them for regular money, SWG tokens or other cryptocurrencies.

You probably have a question arising, “How will the demand for these tokens appear at all, if it is still an internal “coin”?” It’s simple, you can deposit funds in dollars. And you will receive the appropriate number of shares for your $ 1,000. But, if you buy SWG tokens at the stock exchange for the same thousand dollars, their number will be equivalent to $1,100.

Let’s sum it up. There are SWG tokens – this is an internal “coin” with which you can pay for travel, buy a security token of a targeted project and receive dividends in the targeted project. And there are smart contracts that provide transparent mutual payments between all participants of SkyWay project. These two elements are the basis of SkyWay economic model.

Boris Skosyrev
Investor status: status status status status
Publication Rating: star star star
16 September 2019
Подытожим. Есть токены SWG – это внутренняя «монета», с помощью которой можно оплатить проезд, купить секьюрити токен адресного проекта и получать дивиденды в адресном проекте. И есть смарт-контракты, которые обеспечивают прозрачные взаиморасчёты между всеми участниками проекта SkyWay. Эти два элемента – основа экономической модели SkyWay.

Использование этого материала сайта группы компаний SkyWay в Интернет-пространстве допускается только при обязательном размещении ссылки на источник публикации:
Это ошибка или я обменял доли на билеты на проезд?
Токен SWG - это то, что напитывает всю транспортную систему, это прототип валюты, за которую вы сможете и купить проезд, и войти в адресный проект, и получать дивиденды.
Denis Gruzdev
Investor status: status status status
Publication Rating: star star star star star
16 September 2019
Очень понятно и просто обьяснили,а когда возможно будет купить секьюрити токен ап? Спасибо
Giedrius Labuckas
Investor status: status status status status status
Publication Rating: star star star star star
16 September 2019
Anatoli Kazharski
Investor status: status status status status
Publication Rating: star star star star star
17 September 2019
Отличная статья. Всё очень подробно и доходчиво описано. Спасибо за информацию.
Demessemaeker Nathalie
Investor status: status status status status
Publication Rating: star star star star star
17 September 2019
Hacía falta una buena explicación en español de cual es el cometido de la tecnología blockchain, su utilidad y como se puede aplicar con la tecnología SkyWay con sus ventajas, pros y contras... Gracias en nombre de todo el equipo y socios de Sky Way Capital Hispano
Mustafa Musallam Salim Alaamri
Investor status: status status status status
Publication Rating: star star star star star
20 September 2019
Thanks for sharing and explaining everything in detail. Wish you all the best and please keep up updating us with the latest and good news.

Consent Request Form

This form asks for your consent to allow us to use your personal data for the reasons stated below. You should only sign it if you want to give us your consent.

Who are we?

The name of the organisation asking you for consent to use your information is:

Global Transport Investments
Trident Chambers, P.O. Box 146, Road Town
British Virgin Islands

We would like to use the following information about you:

Why would we like to use your information?

Global Transport Investments would like to send this information to company registry, inform you about its news, for refund purposes.

What will we do with your information?

We store your name, address, ID Data, date of birth into company registry. We will share your e-mail & phone number with IT Service (, SMS Center ( They will add your details to their mailing list and, when it is news update, they will send you an email or sms with details. We store your credit card number for possible refunds.

How to withdraw your consent

You can withdraw the consent you are giving on this form at any time. You can do this by writing to us at the above address, emailing us at the address: or by clicking on the unsubscribe link at the bottom of emails you receive.

Privacy Notice – Newsletter Signup

This privacy notice tells you about the information we collect from you when you sign up to receive our regular newsletter via our website. In collecting this information, we are acting as a data controller and, by law, we are required to provide you with information about us, about why and how we use your data, and about the rights you have over your data.

Who are we?

We are Global Transport Investments. Our address is Trident Chambers, P.O. Box 146, Road Town, Tortola, British Virgin Islands. You can contact us by post at the above address, by email at

We are not required to have a data protection officer, so any enquiries about our use of your personal data should be addressed to the contact details above.

What personal data do we collect?

When you subscribe to our newsletter, we ask you for your name and your email address.

Why do we collect this information?

We will use your information to send you our newsletter, which contains information about our products.

We ask for your consent to do this, and we will only send you our newsletter for as long as you continue to consent.

What will we do with your information?

Your information is stored in our database and is shared with with IT Service (, SMS Center ( It is not sent outside of the Euro. We will not use the information to make any automated decisions that might affect you.

How long do we keep your information for?

Your information is kept for as long as you continue to consent to receive our newsletter.

Your rights over your information

By law, you can ask us what information we hold about you, and you can ask us to correct it if it is inaccurate.
You can also ask for it to be erased and you can ask for us to give you a copy of the information.

You can also ask us to stop using your information – the simplest way to do this is to withdraw your consent, which you can do at any time, either by clicking the unsubscribe link at the end of any newsletter, or by emailing, writing us using the contact details above.

Your right to complain

If you have a complaint about our use of your information, you can contact the Information Commissioner’s Office.