OmiseGo Associates With Singapore Journey Hailing Application to Demo Blockchain Solutions

Ethereum-primarily based payment platform OmiseGo and blockchain protocol Mass Auto Ledger (MVL) have partnered to analysis blockchain technology, according to a press launch shared with Cointelegraph Nov. 14. MVL is the protocol at the rear of popular Singapore experience hailing application TADA.

MVL and OmiseGo will acquire a Evidence-of-Principle (PoC) to determine whether the decentralized OMG Network is appropriate for MVL’s info report-trying to keep system. Through the PoC, MVL will record details gathered from TADA on the OmiseGo system.

Also, the two businesses have declared further complex and investigation cooperation on attainable blockchain apps in TADA’s products and services.

On Nov. 7, MVL been given a taxi company license from the Land Transportation Authority of Singapore, allowing it to launch its new taxi scheduling assistance, TADA Taxi. According to Enterprise Insider, above 2,000 taxi drivers have joined the application by  partnerships with area taxi businesses.

Other taxi businesses and experience-hailing services have explored making use of blockchain technological know-how to their organization models.  In May well, Chen Weixing, the founder of Chinese experience hailing corporation Kuaidi Dache, disclosed his programs to develop a blockchain-driven ride hailing app, including that the assistance may also contain deliveries.

The automotive field has also shown a marked curiosity in applying new systems like synthetic intelligence  and blockchain. IOTA and Volkswagen shown a PoC that utilized IOTA’s Tangle method for autonomous automobiles at Cebit ‘18 Expo in Germany previous June.

Daimler AG — which makes Mercedes Benz and Sensible autos — introduced its very own Blockchain-primarily based digital currency MobiCoin to reward drivers for environmentally-welcoming driving habits, these kinds of as driving at reduced speeds.


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