HBSS Connect acquires Israeli blockchain company Colu, aiming to leverage blockchain technology to transform urban transportation in the United States.

ChainCatcher news, the company behind the innovative transportation platform QRyde, HBSS Connect Corp., has announced the acquisition of the Israeli blockchain company Colu. This strategic acquisition will enhance QRyde's efforts in creating blockchain-based transportation systems aimed at optimizing municipal spending.

HBSS Connect specializes in developing software solutions for public transportation, paratransit, NEMT (non-emergency medical transportation), and micro-mobility services across the United States. By integrating web3 technology into QRyde, HBSS Connect aims to better synchronize transportation systems with the local economy.