He was lauded for his vision and bold investment style by Dara Khosrowshahi, CEO of U.S. ride-hailing company Uber Technologies Inc., in which SoftBank Group has invested. Son is one of “a few rare people” who are “accelerators” of society, Khosrowshahi said. Students from Florida, who are calling …
Jiji Press NEW YORK (Jiji Press) — Prime Minister Shinzo Abe and Masayoshi Son, leader of internet and telecommunications conglomerate SoftBank Group Corp., are among the 100 most influential people in the world for 2018, selected by U.S. magazine Time.
Abe, chosen in the “leaders” category, is on the annual Time list for the first time in four years.
Also in the category are U.S. President Donald Trump, Chinese President Xi Jinping and North Korean leader Kim Jong Un, according to the 2018 list, announced on Thursday.
“Shinzo Abe’s confident and dynamic leadership has revived Japan’s economy and prospects,” Australian Prime Minister Malcolm Turnbull said in an article contributed to the magazine.
Abe is “both resilient and pragmatic, recognizing that the prosperity and security of our region depends on maintaining and developing the rules-based international order,” Turnbull added.
Son, SoftBank chairman and chief executive officer, was selected in the “titans” category. He was lauded for his vision and bold investment style by Dara Khosrowshahi, CEO of U.S. ride-hailing company Uber Technologies Inc., in which SoftBank Group has invested.
Son is one of “a few rare people” who are “accelerators” of society, Khosrowshahi said.
Students from Florida, who are calling for gun control following a shooting rampage at a high school in the U.S. state in February that killed 17 people, made Time’s list in the “pioneers” category.
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:
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?
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.”
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.
And Professor Green unveiled his newly-dyed bright green locks as he attended the Cineworld Gala in Leicester Square, London on Thursday. The musician, 33, – real name Stephen Manderson- was seen for the first time since rumours emerged he had split from his model girlfriend Fae Williams.
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Uber is seeking to expand beyond the ride-sharing industry in Washington, D.C., to provide a larger transportation network for District residents, Uber CEO Dara Khosrowshahi said in a panel discussion on the future of mobility with D.C. Mayor Muriel Bowser (D) on April 11. Uber’s new Greenlight Hub, …
Uber is seeking to expand beyond the ride-sharing industry in Washington, D.C., to provide a larger transportation network for District residents, Uber CEO Dara Khosrowshahi said in a panel discussion on the future of mobility with D.C. Mayor Muriel Bowser (D) on April 11.
Uber’s new Greenlight Hub, a driver resource center in Ward 7, hosted the event, led by Robert Puentes, the CEO of the Eno Center for Transportation, an independent think tank dedicated to improving transportation and its public and private leadership in order to increase the system’s mobility, safety and sustainability.
Bowser and Khosrowshahi emphasized the need to ensure that District residents all have equal access to the transportation services developed by Uber through increased safety measures, affordability and equity, while stressing the importance of resolving disparities in transportation access.
“Urban transportation has a major impact on the daily lives of all D.C. residents,” Bowser said at the event. “That is why we are committed to being the capital of mobility innovation and continue to invest in strategies that make our commutes safer, stronger, more reliable and more efficient for residents across all eight wards.”
Khosrowshahi challenged Bowser’s plan to raise taxes on ride-hailing companies like Uber to generate sufficient funding for the Washington Metropolitan Area Transit Authority’s funding package announcedearlier this year. In the plan, which was approved Friday, taxes on Uber will increase to 4.5 percent from 1 percent to fund a revitalization plan for the Metro transit system, which has suffered from safety and reliability issues,as well as a declining ridership.
Bowser defended the plan and said that it was the best option for the District moving forward.
“That is the package that we think is the most fair — that hits property owners, it hits visitors, it hits residents and it hits the ride-sharing services — that we think is best for the city,” Bowser said.
But Khosrowshahi said the tax is a reallocation of similar resources and argued the plan was taxing one form of transportation for another, rather than a productive tax.
Uber’s D.C. Director of Public Relations Colin Tooze said the company does not see itself in competition with Metro or public transportation but rather sees itself as a part of a “complex ecosystem” of different transportation options.
Uber’s recent acquisitions and partnerships demonstrate the company’s interest in moving into the public space, however. One recent acquisition, Masabi, a London-based mobile ticketing service, will allow Uber to integrate into public transportation.
“You can use your Uber app to take a train, to take a subway, to take buses again on a global basis so that we are promoting mass-transit solutions as well,” Khosrowshahi said.
Uber’s recent acquisitions include bike-share startup JUMP and mobile ticketing service Masabi, both of which allow the company to move into new transportation areas.
Uber’s partnership with SharedStreets allows D.C. and the company to share transportation data. Aggregated traffic information will help cities solve congestion, Khosrowshahi said. Uber Movement uses this aggregated user data to work with cities to improve urban planning.
The panelists said they hope D.C. residents will be empowered by the wide range of transportation options planned to become available to them through the public-private partnerships, allowing them to have easier transportation throughout the city.
“Uber is transitioning from being a service that allows people to request cars at the tap of a button, to being a mobility platform that brings together all kinds of ways to get from A to B,” Tooze said.
The cost of ride-sharing services like Uber and Lyft is expected to increase in 2019 when a tax that will help fund the Washington Metropolitan Area Transit Authority takes effect. Washington, D.C. Mayor Muriel Bowser (D) signed the Dedicated Funding for the WMATA Emergency Act of 2018 on April 13.
The cost of ride-sharing services like Uber and Lyft is expected to increase in 2019 when a tax that will help fund the Washington Metropolitan Area Transit Authority takes effect.
Washington, D.C. Mayor Muriel Bowser (D) signed the Dedicated Funding for the WMATA Emergency Act of 2018 on April 13. Authored by D.C. Councilmember and Chairman of the Metro Board Jack Evans (D-Ward 2) and passed unanimously by the Council, the bill authorizes the District to collect taxes to fund WMATA.
The legislation allocates $178.5 million per year in dedicated funding for WMATA through the 2059 fiscal year. These funds constitute the District’s share of an $500 million per year joint commitment with Virginia and Maryland to fund WMATA.
The Virginia General Assembly pledged $154 million per year to Metro funding March 7 on the condition that Maryland and D.C. also increase their contributions. Bowser pledged $178 million per year in her State of the District address March 15.
The decision was part of a negotiation between Virginia, Maryland and D.C., by which each party would provide the $500 million that Metro’s leadership argued is necessary to make Metrorail a world-class system.
The additional funding aims to fix issues with Metro’s infrastructure, Bowser said. Metro plans to use the money to buy new rail cars and buses, upgrade track and power systems, modernize stations and make other broad improvements, according to a March 22 article in The Washington Post.
“The region has been working for years to solve the dedicated funding question, and now we finally have a path forward,” Bowser said in an April 13 news release. “With this commitment, we will get Metro back to a state of good repair so that Washingtonians have access to a safe and reliable Metro system for years to come.”
Bowser’s budget and financial plan for fiscal year 2019, a $14.5 billion budget, proposes funding the commitment through several channels that will remain sustainable and competitive in the future.
About $80 million of the annual revenue will come from increased taxes, including the ride-share tax. The commercial property tax rate is set to increase by 2 cents, and the sales tax will rise to 6 percent from 5.75 percent.
The tax on “for-hire” vehicle services such as Uber and Lyft will rise to 4.75 percent from 1 percent and is projected to account for nearly 10 percent of the $178.5 million allocated to WMATA funding.
Any increase in the tax will ultimately be reflected in the cost paid by users of ride-sharing apps, according to Uber CEO Dara Khosrowshahi.
This increase would bring the cost of using ride-sharing services up to that of taxis, which are taxed at 50 cents per trip, according to a March 21 articlein The Washington Post.
The increased tax burden will likely fall on riders unable to access Metro transportation, Lyft Communication Manager Campbell Matthews wrote in an email to The Hoya.
“While we are supportive of efforts to improve transit options, it is also critical that rideshare remains affordable for the tens of thousands who rely on Lyft in DC – particularly those who live further from transit or need a ride when public transit doesn’t operate,” Matthews wrote.
The announcement of the tax follows an expanding partnership between the District and Uber, first announced at an April 11 panel discussion with Bowser and Khosrowshahi at Uber’s new Greenlight Hub, a location where drivers can receive in-person support.
Prior to the funding commitment, Metro was the only subway system in the United States that lacked consistent funding.
“Achieving a dedicated funding source for Metro is truly a historic occasion,” Evans said in the April 13 news release. “With these resources, soon, Metro will be able to adequately address deferred maintenance issues with the goal of making the system reliable and safe for riders.”
The tax on for-hire vehicle services follows the success of a similar policy passed last fall in Chicago to raise the tax to 52 cents from 37 to fund the Chicago Transit Authority.