Categories: NewsTechnology

Montreal to Toronto in 39 Minutes?

The way we think about transportation will change soon. That’s not just due to the concept of autonomous vehicles, but rather to some out-of-the-box ideas such as the hyperloop. While most people mainly associate this technology with experiments conducted in the United States, Canada may very well be getting its own hyperloop in the future. Such a contraption would effectively connect Montreal to Toronto and reduce travel time to 39 minutes.

A Canadian Hyperloop may be in the Works

The concept of a hyperloop has baffled the minds of critics for quite some time now. Using electric propulsion to move magnetically levitated pods across large distances at high speed sounds like a security hazard. This idea becomes even scarier when thinking about using a hyperloop to transport human beings from point A to point B, which is rather significant. Whether or not this is a viable concept, however, remains to be seen.

One of the best-known proponents of the hyperloop concept is Elon Musk. While it is true Musk has some other bold ideas which may change the world as we know it today, the hyperloop is by far one of the most intriguing concepts we have encountered over the past few years. This idea was floated back in 2013, and the technology sector has been working on exploring the concept ever since. In fact, companies and individual enthusiasts have been encouraged to approach the concept and make improvements accordingly.

All of this culminated in a recent competition organized by Hyperloop One, which is one of the companies working on the commercialization of Elon Musk’s original concept. Its global challenge began in May 2016 when around 2,600 teams registered to come up with some ideas regarding hyperloop technology. This shows there has been significant interest in further exploring this concept.

Related Post

With the 10 winning proposals being announced earlier this week, there was a lot of interest to see which companies made any significant impact in this regard. Only one Canadian winner was selected, but the concept has so much promise it deserves a closer look. Creating a hyperloop between Toronto and Montreal – via Ottawa – will be a very interesting concept to explore, assuming it is feasible in the first place. The winning proposal would transport passengers from Ottawa to Montreal in just 12 minutes. Completing the full journey between Toronto and Ottawa would take just 27 minutes.

HyperCan is the company responsible for submitting this idea. Although it was selected as one of ten winners, this does not automatically mean the concept will be developed further. Instead, Hyperloop One will work with the winning teams to validate and analyze their proposals accordingly. There are a lot of things to take into account when developing such solutions; that much is certain. Hyperloop One will also provide forecasts, business case material, and even a small technical analysis of each proposed route. The other winners tackled hyperloop projects for the US, Mexico, India, and the UK.

All things considered, this global challenge turned out to be a major success. It even surpassed the expectations of the Hyperloop One team itself. All of the 10 winners have some significant proposals which elevated them to the top. Solving major transportation issues in these regions is not an easy challenge. A hyperloop may not be the best solution for every specific region either, but only time will tell whether it is a viable concept. 

JP Buntinx

JP Buntinx is a FinTech and Bitcoin enthusiast living in Belgium. His passion for finance and technology made him one of the world's leading freelance Bitcoin writers, and he aims to achieve the same level of respect in the FinTech sector.

Share
Published by
JP Buntinx

Recent Posts

Ondo Facilitates Big Banks’ Connection to Blockchain in Historic Settlement

A crucial development is taking place at the intersection of legacy finance and blockchain as…

3 hours ago

Morgan Stanley Adds Crypto Trading To E*Trade With Aiming Millions Of Retail Investors

Morgan Stanley is taking a big step into digital assets space with the launch of…

4 hours ago

Brian Armstrong Sets Course for AI-Driven Transformation As Coinbase Cuts 14% of Workforce

Coinbase is about to undergo one of its largest structural reorganisations in some time, with…

14 hours ago

$150M Crypto Ponzi Scheme Crumbles, Forming Global Fraud Network As Investigators Freeze $41.5M

The suspicious DSJ Exchange (DSJEX) and BG Wealth Sharing scheme, now confirmed a Ponzi operation,…

14 hours ago

BlackRock And Fidelity Lead $532 Million In Institutional Bitcoin ETF Inflows As Demand Soars Following Ceasefire

Demand from institutions is heating up again, with U.S. spot Bitcoin ETFs logging a tally…

1 day ago

Western Union Launches USDPT Stablecoin on Solana to Transform Global Payments Infrastructure

Western Union expands its participation in the digital asset ecosystem with USDPT, a Solana native…

2 days ago