OmiseGo & Singapore Taxi App Provider MVL To Test Blockchain Solutions November 16, 2018 November 16, 2018 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsNovember 16, 2018 by Kelly Cromley

OmiseGo & Singapore Taxi App Provider MVL To Test Blockchain Solutions

Ethereum-based payment processing platform OmiseGo and blockchain covenant Mass Vehicle Record (MVL) have joined forces to advance blockchain innovation.

MVL is the software behind TADA, a well-known Singapore ride hailing app. MVL and OmiseGo will create a Proof-of-Concept (PoC) to discover whether the decentralized OMG system is appropriate for MVL’s information record-keeping framework. Amid the PoC, MVL will record information collected from TADA on the OmiseGo platform.

Additionally, the two companies have declared further technical and investigate participation on conceivable blockchain applications in TADA’s services. On November 7, MVL has gotten a taxi supplier permit from the Land Transport Authority of Singapore, permitting it to dispatch its latest taxi booking facility, TADA Taxi. Per Business Insider, over 2,000 taxi drivers have joined the app through associations with domestic taxi firms.

Other taxi and ride-hailing firm have examined the application of blockchain innovation to their trade models. In May, the founder behind the Chinese ride hailing firm Kuaidi Dache, Chen Weixing, disclosed his plans to make a blockchain-powered ride hailing app, further saying that the service may moreover incorporate delivery.

The automotive industry has too appeared a marked intrigued in applying modern innovations like artificial intelligence and blockchain. Iota and Volkswagen illustrated a PoC that utilized IOTA’s Tangle framework for self-driving cars at Cebit ‘18 Expo in Germany in June last year. Daimler AG — which manufactures Mercedes Benz and Smart cars — introduced its tailor-made blockchain-based ccrypto currency MobiCoin to compensate drivers for environmentally-friendly driving styles, such as driving at below average speeds.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.