We are now one step closer to being able to travel from cross-country in the blink of an eye.

A new hyperloop passenger pod has just been unveiled by a tech company based out of Toulouse, France.

The pod, which was designed by Hyperloop Transportation Technologies (HTT), would have the capability of traveling at speeds of 760 miles per hour, which is the equivalent of traveling from Los Angeles to San Francisco in less than half an hour.

HTT is one of several companies that are competing for domination in the up-and-coming hyperloop industry, saying that they hope to have a full hyperloop transportation system made available to the public within three years.

Virgin Hyperloop One was the first tech company to build a full-scale hyperloop capsule which has hit speeds of 240 miles per hour on their test track. HTT, on the other hand, has become the first company to offer an insured commercial system, which creates a new framework for future government regulation and implementation of the transit.

"In three years, you and me, we can take a hyperloop," HTT CEO Dirk Ahlborn told CNBC. "It's definitely much sooner than anybody would expect."

The hyperloop was first proposed by Tesla CEO Elon Musk back in 2013 as a means of bypassing bustling east coast traffic jams from Washington D.C. to New York City.

Though it may have seemed like a pipe dream, Musk got permission from Maryland lawmakers to begin construction of the first leg of the hyperloop track connecting DC to Baltimore back in October 2017.

"This thing is real. It's exciting to see," Maryland Transportation Secretary Pete Rahn said, according to the Baltimore Sun. "The word ‘transformational' may be overused, but this is a technology that leapfrogs any technology that is out there today. And it's going to be here."

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