A New Ride Hailing App Rolls Out In S’pore – Offers Fair Pricing For Users, And Zero Commission …

The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

With the recent consolidation of Grab and Uber, many fear that the lack of competition will once again drive up transportation prices in Singapore.

Enter MVL Foundation Pte Ltd (Mass Vehicle Ledger, MVL), which recently launched Singapore’s first decentralised peer-to-peer on-demand ride hailing service through the MVL mobile app.

This new app is a complete game-changer with its new business model – it charges a small transaction fee for the maintenance of the platform, and zero commission on all rides.

Ultimately, it wants both the driver’s income and commuter’s fare to be protected and competitive without compromising on the quality of the ride service.

This is made possible by the mobility data-ecosystem underpinned by the blockchain technology that MVL is currently developing called MVLchain.

This service is expected to be fully rolled out over the next three months.

What Is MVL?

The MVL Ecosystem records core data related to driving, accidents, repairs and other car-related transactions on a blockchain, connecting many businesses, services, and people in the vehicle-related industries.

Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.

“MVL connects services that touch your car and collects your ride’s lifetime data. We give points to those who help out along the way, like your sales guy, you for driving and giving reviews, repairmen, used car-dealers and scrappers,” said the company in an introductory video.

By doing so, it incentivises safe driving and good services while placing vehicle-related data on the blockchain.

MVL aims to connect three main participants together, including individual drivers, ride sharing service providers, and mechanics. Here’s how each participant will interact with the platform:

MVL’s incentive model
  • Individual drivers can earn MVP points in exchange for their safe driving activity
  • Ride sharing providers can earn MVP points in exchange for safe driving and good service
  • Mechanics can earn MVP points in exchange for providing accurate repairs as recorded on the blockchain

“MVL practices a distributed economy, or deconomy, where safe drivers, friendly chauffeurs, honest mechanics and other diligent data providers are fairly rewarded.”

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different types of data.”

How Does MVL Blockchain Mobility Coin Work?

Image Credit: MVL

There are two tokens in the MVL platform, including MVP and MVL tokens.

MVL tokens function as payments between service providers and customers. You pay MVL tokens to a mechanic in exchange for repairing your car, for example, and you pay ride sharing providers MVL tokens in exchange for driving you somewhere.

MVP points, meanwhile, are like a reputation-based incentive system distributed through all participants in the ecosystem. MVPs are not transferable and not available for trading.

You can only use MVP to purchase MVL coins, which are transferable and are available for trading in the MVL ecosystem.

The ecosystem can be used by more than just drivers, passengers, and mechanics. Anyone who provides services to cars and drivers can participate in the MVL ecosystem.

“MVL will collect data on all aspects of mobility services, such as providing reviews and driving, as well as vehicle data collection,” said Kay Woo, CEO of MVL.

“In the future, MVL plans to broaden its horizons to connect services such as bike or motorcycle sharing services and collect different type of data.”

The Brains Behind MVL Foundation

The team behind MVL Foundation is no stranger to the mobility ecosystem.

They are known for easi6, which provides reservation services and is connected with more than 25,000 vehicles all over Asia.

The team has been developing the product over the last four years, and it was recently deployed to support the PyeongChang 2018 Olympic Winter Games as one of the transport partners.

“We are delighted to serve Singapore’s drivers and commuters. The recent consolidation of the two major ride hailing players and the rapid advancement of the distributed ledger technology makes it possible for us to offer our platform to create a transparent and accountable mobility ecosystem that rewards all participants,” said Kay Woo, founder of MVL Foundation.

“We believe we can create value and impact at the heart of Singapore’s mobility ecosystem, the people, by making commuter fares fair and for drivers to receive equitable rewards for their services.”

MVL application open to public

Following this announcement, the company will be actively engaging regulators, fleet owners, drivers, and commuters on April 26 at JustCo, Marina One.

They are also looking at establishing a core local team in Singapore, including hires in senior position over the next couple of weeks.

Featured Image Credit: MVL

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Power shifts in data ownership is revolutionising the Internet and cybersecurity

One proposed solution is a fully decentralised Internet independent of centralised control. This can be achieved with Blockchain technology – a decentralised and distributed ledger system that facilitates and verifies secure peer-to-peer data exchanges. The biggest issues facing the Internet, such as net …

Power shifts in data ownership is revolutionising the Internet and cybersecurity

April 20, 2018 • Big Data, Security, Top Stories

Power shifts in data ownership is revolutionising the Internet and cybersecurity

Power shifts in data ownership is revolutionising the Internet and cybersecurity

Information is one of the most valuable commodities. Every day, 2.5 quintillion bytes of data is created and either has a direct monetary value or can be mined for business intelligence to get a competitive edge. Data is the lifeblood of any organisation. Without the Internet and connectivity, business survival and economic growth is impossible.

The original intent of the Internet was the unrestricted flow of information in an open and shared network owned by the community. Data ownership was intended to reside with its creators in a decentralised model, free from monopolistic or centralised control.

However, large corporations quickly realised the value of tracking, storing, organising and monetising information for use in centralised services. Although not owned by a single entity, large corporations and data giants like Google support some of the most critical components of the Internet, such as search engines, web hosting, cloud computing and email services.

The case for decentralisation

As the reliance on the Internet deepens, so does the sharing of sensitive data and the need for greater privacy, data security and integrity. One proposed solution is a fully decentralised Internet independent of centralised control. This can be achieved with Blockchain technology – a decentralised and distributed ledger system that facilitates and verifies secure peer-to-peer data exchanges.

The biggest issues facing the Internet, such as net neutrality, privacy and security, pertaining to issues of structure. Under a centralised model, access and convenience is offered to users at the expense of data ownership and privacy. While many service providers offer to store and safeguard data, security can’t be guaranteed. Servers can fail, networks can be hacked and privacy rights can be violated.

Decentralisation enables data and vital services to be owned by users and powered by a network of independent computers. This creates a setting much more resilient to hacks and failures as encrypted data can only be released and accessed through private keys. Decentralisation also breaks down the centralised barriers to business. With reliable high-speed Internet connectivity from Nashua, any business can access better, faster and cheaper services.

Here’s how decentralised models can revolutionise the Internet and cybersecurity.

Decentralised web

A truly decentralised Internet is possible with Blockchain technology. Ethereum is a platform on which apps can be built and run without fraud, censorship or third-party interference. User information is encrypted and stored on the Blockchain which prevents service providers from hoarding and mining user data.

Decentralised web hosting

With only one target to hit, cybercriminals can quite easily shut down a website hosted on a centralised system. On Blockchain-based platforms, thousands of nodes or computers are employed to each serve a part of the website. This makes targeted attacks much harder and reduces hosting costs. It speeds up user access to websites by bringing cached content closer to site visitors. Self-executing smart contracts can also be used to manage resources and payments while users also have the opportunity to rent out idle network and computing resources.

Decentralised data storage

Blockchain enables users to use applications while retaining ownership of their data. By storing data on a decentralised and distributed network, the data is broken up, encrypted and stored across the Blockchain network. To access information, users need a private key to download the data from several locations at once. This not only speeds up the file access speeds but makes it increasingly difficult for cybercriminals to gain access.

Decentralised search engines

Google controls up to 95% of searches. The engine tracks search activities and has access to personal user information. Decentralised search engines store encrypted user data across a network as opposed to in a central location where it remains vulnerable. They also use open and transparent search ranking factors. This will level the playing field for businesses and content creators.

Decentralised social media

Social media platforms add significant connectivity value but at the cost of user privacy and data ownership. Decentralised social media channels will give back to users the ownership of data and reward users who choose to share information.

The full potential of a distributed economy is still unwritten but innovative solutions by emerging Blockchain innovators have already proven that the sky is the limit.

Edited by: Daniëlle Kruger

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SONM Price Reaches $0.20 on Top Exchanges (SNM)

The SONM project implements a fog computing structure instead of a costly cloud structure, reducing middlemen fees. The SNM token is required to buy and sell computational power in the SONM network. “ Buying and Selling SONM. SONM can be purchased on the following cryptocurrency exchanges: …

SONM logoSONM (CURRENCY:SNM) traded 10.8% higher against the US dollar during the 1-day period ending at 0:00 AM E.T. on March 28th. During the last week, SONM has traded 48.7% higher against the US dollar. SONM has a market cap of $70.38 million and $2.78 million worth of SONM was traded on exchanges in the last 24 hours. One SONM token can currently be purchased for about $0.20 or 0.00002357 BTC on exchanges including COSS, Kucoin, OKEx and Tidex.

Here is how related cryptocurrencies have performed during the last 24 hours:

How to Become a New Pot Stock Millionaire
  • Ripple (XRP) traded up 13.1% against the dollar and now trades at $0.82 or 0.00009910 BTC.
  • Stellar (XLM) traded 0.6% lower against the dollar and now trades at $0.37 or 0.00004448 BTC.
  • IOTA (MIOTA) traded up 4.8% against the dollar and now trades at $1.76 or 0.00021241 BTC.
  • NEO (NEO) traded 0.7% higher against the dollar and now trades at $74.19 or 0.00893446 BTC.
  • TRON (TRX) traded 0.5% lower against the dollar and now trades at $0.0497 or 0.00000599 BTC.
  • Tether (USDT) traded up 0% against the dollar and now trades at $1.00 or 0.00012033 BTC.
  • VeChain (VEN) traded up 2.8% against the dollar and now trades at $3.72 or 0.00044739 BTC.
  • Binance Coin (BNB) traded 1.4% lower against the dollar and now trades at $12.15 or 0.00146328 BTC.
  • Ontology (ONT) traded down 0% against the dollar and now trades at $4.38 or 0.00052751 BTC.
  • Populous (PPT) traded down 0.2% against the dollar and now trades at $24.16 or 0.00290889 BTC.

SONM Token Profile

SONM’s genesis date was June 15th, 2017. SONM’s total supply is 444,000,000 tokens and its circulating supply is 359,600,000 tokens. SONM’s official Twitter account is @sonmdevelopment and its Facebook page is accessible here. The Reddit community for SONM is /r/SONM and the currency’s Github account can be viewed here. The official website for SONM is sonm.io.

According to CryptoCompare, “SONM is a a multi-purpose decentralized supercomputer for general purpose computing, allowig users to monetize their idle hardware and providing services that range from site hosting to scientific calculations. The SONM project implements a fog computing structure instead of a costly cloud structure, reducing middlemen fees. The SNM token is required to buy and sell computational power in the SONM network. “

Buying and Selling SONM

SONM can be purchased on the following cryptocurrency exchanges: YoBit, Kucoin, Liqui, OKEx, Binance, HitBTC, Tidex, EtherDelta and COSS. It is usually not possible to purchase alternative cryptocurrencies such as SONM directly using U.S. dollars. Investors seeking to trade SONM should first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, Changelly or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase SONM using one of the exchanges listed above.

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SurruS ICO (SURR Token): Blockchain Car Theft Insurance Coin?

… are entirely built and operated on blockchain technology and guarantee that anyone who uses the platform will be able to protect themselves from car theft insurance through the use of an instant compensations plan that gives back 100% of thee car’s bluebook value through a verified smart contract.

The new company is a blockchain based car theft insurance company that is built on a decentralized network, and it runs with the power of cryptocurrency. The guarantee is that if your car is stolen, they will pay you 100% of the market value of the car for your troubles.

How Does Surrus Work?

They are a network that operates primarily as a car theft insurance company that has been built on the blockchain technology. The network has a search capability that is fully operational. The activities this car theft insurance company performs are all authorized by the proper authorities and completely legal.

You can follow Surrus ICO on several different websites, including social media websites like Facebook, Twitter, LinkedIn. Other sites that you can use to stay up to date with the company are Reddit, YouTube and Share.io. Also, the platform has received excellent reviews on a few different websites, on ICO Rated they got a 4.3 out of 5 stars and Track ICO gave the platform a rating of 5 out of 5.

The SurruS project itself is a fully decentralized platform, it’s also comprehensive, innovative and has been designed as a system that will offer solutions for anyone who is a car owner. The system is used to track, locate and insure cars in the case they are stolen. They are entirely built and operated on blockchain technology and guarantee that anyone who uses the platform will be able to protect themselves from car theft insurance through the use of an instant compensations plan that gives back 100% of thee car’s bluebook value through a verified smart contract.

About Surrus ICO

The Pre-Sale for the company is live right now. And the company has already raised a considerable amount of funds for the platform.

Surrus had a target goal of 110 ETH with a full goal in the end being 300 ETH. The massive financial goal is likely to be met, which will in turn make the ICO extremely successful considered against most others.

As for the details of the platform, 1 ETH = 5,000 SURR, the Hard Cap for the company is 80,000 ETH, and they accept both Bitcoin and Ether. Also, the first 300 ETH that is deposited into the company reserves, gets a 90% return after the first year alone, and all of this is guaranteed through the use of a secured contract.

Who is Behind Surrus?

The founder of the company is Vladimir Kosenko, a business entrepreneur, and business angel. He has 24 years of serial entrepreneurship, launching manufacturing facility; and he has already taken two plants in the process of failing and put them back on track with the process only taking roughly 19 months.

Surrus in Conclusion

The advantages of using the platform are to protect you from getting your car stolen at a total loss. The car theft insurance offered by SurruS is 3-5 times cheaper than that of the market standard. And there is now zero stress over losing the car, with 100% coverage of your cars total market worth if it is stolen. The guarantee of compensation is the main benefit of the company, and when you need to get funding – you get instantly paid out via smart contracts.

KickCoin Hits One Day Trading Volume of $949388.00 (KICK)

One KickCoin token can currently be purchased for about $0.0858 or 0.00001032 BTC on popular cryptocurrency exchanges including EtherDelta, HitBTC, Gate.io and Exmo. KickCoin has a market capitalization of $39.04 million and approximately $949,388.00 worth of KickCoin was traded on …

KickCoin logoKickCoin (CURRENCY:KICK) traded 3.5% higher against the U.S. dollar during the 1-day period ending at 23:00 PM ET on April 12th. One KickCoin token can currently be purchased for about $0.0858 or 0.00001032 BTC on popular cryptocurrency exchanges including EtherDelta, HitBTC, Gate.io and Exmo. KickCoin has a market capitalization of $39.04 million and approximately $949,388.00 worth of KickCoin was traded on exchanges in the last day. In the last seven days, KickCoin has traded 13.3% higher against the U.S. dollar.

Here’s how related cryptocurrencies have performed in the last day:

How to Become a New Pot Stock Millionaire
  • Ripple (XRP) traded 17.1% higher against the dollar and now trades at $0.85 or 0.00010228 BTC.
  • Stellar (XLM) traded up 0.4% against the dollar and now trades at $0.37 or 0.00004504 BTC.
  • IOTA (MIOTA) traded up 6% against the dollar and now trades at $1.78 or 0.00021407 BTC.
  • NEO (NEO) traded 1.3% higher against the dollar and now trades at $74.94 or 0.00900820 BTC.
  • TRON (TRX) traded up 0.4% against the dollar and now trades at $0.0503 or 0.00000604 BTC.
  • Tether (USDT) traded 0.1% lower against the dollar and now trades at $1.00 or 0.00011992 BTC.
  • VeChain (VEN) traded 3.2% higher against the dollar and now trades at $3.74 or 0.00044942 BTC.
  • Binance Coin (BNB) traded up 0.1% against the dollar and now trades at $12.29 or 0.00147734 BTC.
  • Ontology (ONT) traded 1.9% higher against the dollar and now trades at $4.43 or 0.00053211 BTC.
  • Populous (PPT) traded up 1% against the dollar and now trades at $24.18 or 0.00290622 BTC.

About KickCoin

KickCoin’s genesis date was September 25th, 2017. KickCoin’s total supply is 488,576,183 tokens and its circulating supply is 454,933,136 tokens. KickCoin’s official message board is medium.com/@kickico. KickCoin’s official website is www.kickico.com. KickCoin’s official Twitter account is @KICKICOplatform and its Facebook page is accessible here. The Reddit community for KickCoin is /r/KICKICO_Platform and the currency’s Github account can be viewed here.

According to CryptoCompare, “KickCoin is a cryptocurrency that will be accepted and used by the projects that are launched on the KICKICO platform (as well as by all its partners). KICK will be primarily used as a payment method on the platform. KICKICO takes half the commission (4%) of ICO campaigns launched in their tokens to the KICKONOMY fund. KickCoin can’t be mined by users and are instead emitted during the fundraising process – whenever somebody contributes to the campaign directly to the smart contract address, new KickCoins are minted and sent to the address, from which the payment in ETH was made. “

KickCoin Token Trading

KickCoin can be bought or sold on the following cryptocurrency exchanges: Gate.io, Exmo, Mercatox, HitBTC, EtherDelta, YoBit and IDEX. It is usually not possible to buy alternative cryptocurrencies such as KickCoin directly using US dollars. Investors seeking to trade KickCoin should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Gemini or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to buy KickCoin using one of the exchanges listed above.

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