A Transit Exchange is the solution to many of the transport issues that dogged the latter half of the 20th century and carried over into this one.
Put simply a transit exchange functions in the same fashion as a financial exchange. People who want to travel indicate their interest to the exchange with required information. The exchange packages an efficient journey or trip and offers this trip to various transport providers. Passengers are aggregated together to a destination just as a number of tranches of a debt instrument might be combined for example.
Once the "deal" is done, the exchange passes settlement instructions (in this case links passengers to vehicles with drivers as a continuous function without delay)
Trading trip insurance and a host of other transit linked "instruments" becomes possible.
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| Authorities and transport providers are broadly left tidying off transport methodologies which are "last century" i.e. big fixed route infrastructure and lower grade public transport that is not exploiting the latest mobile technologies to incorporate demand responsive, flexible route capabilities combined with social networks.
As these players update their analysis along this newly available paradigm then more Texxi franchises will surface to meet the needs of communities around the world. Texxi is undoubtedly the primary mover in this field and has a wealth of increasing expertise.
Beyond the concepts and the forward strategy surrounding Texxi, the business has operated from its origins as a high-technology taxi share scheme in the United Kingdom. The full transit exchange is a natural progression of this. (www.texxi.com)
The story of Texxi
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Model of a Transit Exchange
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