The Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered up to research the possible implementation of the blockchain technology.
The move drives especially much interest considering the fact that MVL is the protocol behind the popular Singapore ride-sharing app TADA. The first step in the cooperation is to release a Proof-of-Concept (PoC) in order to determine whether the decentralized OMG network is suitable for MVL’s data record-keeping system.
Additionally, both companies have announced further technical and research cooperation on possible blockchain applications of TADA’s services. Just earlier this month, MVL received a taxi provider license from the Land Transport Authority of Singapore, which allowed them to launch the new taxi booking service, TADA Taxi, where over 2,000 taxi drivers have joined the app through partnerships with local taxi companies.
There’s a lot of growing interest in blockchain within the automotive industry. For instance, IOTA and Volkswagen demonstrated a PoC that used IOTA’s Tangle system for autonomous Cars at Cebit ’18 Expo in Germany last June. Additionally, Daimler AG, the owner of Mercedes Benz and Smart cars – developed its own blockchain digital currency MobiCoin, rewarding drivers for environmentally friendly driving habits.
Blockchain Insights
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