OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions

Ethereum-based cost platform OmiseGo partnered with a Singapore agency behind a well-liked experience hailing app to develop a Proof-of-Concept and promote blockchain tech.

Ethereum-based cost platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to analysis blockchain know-how, in response to a press launch shared with Cointelegraph Nov. 14. MVL is the protocol behind well-liked Singapore experience hailing app TADA.

MVL and OmiseGo will develop a Proof-of-Concept (PoC) to establish whether or not the decentralized OMG Network is appropriate for MVL’s information record-keeping system. During the PoC, MVL will report information collected from TADA on the OmiseGo platform.

Moreover, the 2 firms have introduced additional technical and analysis cooperation on doable blockchain purposes in TADA’s providers.

On Nov. 7, MVL acquired a taxi supplier license from the Land Transport Authority of Singapore, permitting it to launch its new taxi reserving service, TADA Taxi. According to Business Insider, over 2,000 taxi drivers have joined the app by  partnerships with native taxi firms.

Other taxi firms and ride-hailing providers have explored making use of blockchain know-how to their enterprise fashions.  In May, Chen Weixing, the founding father of Chinese experience hailing firm Kuaidi Dache, revealed his plans to create a blockchain-powered experience hailing app, including that the service may additionally embody deliveries.

The automotive trade has additionally proven a marked curiosity in making use of new applied sciences like synthetic intelligence  and blockchain. IOTA and Volkswagen demonstrated a PoC that used IOTA’s Tangle system for autonomous automobiles at Cebit ‘18 Expo in Germany final June.

Daimler AG — which produces Mercedes Benz and Smart automobiles — offered its personal Blockchain-based digital currency MobiCoin to reward drivers for environmentally-friendly driving habits, resembling driving at low speeds.

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