17 May, 2018 – Moveco is pleased to announce the formal introduction of their game-changing ecosystem that promises to revolutionize the future of the mobility industry. With the launch of this blockchain based platform, the consumers will now be able to make a significant contribution towards the mobility industry while turning their miles into rewards. This new earning opportunity will offset the car ownership and travel cost for the consumers. On the other hand, making use of car generated data provided by the consumers; Moveco will pave the way for building safer, more convenient, efficient and affordable vehicles and new mobility services for the future.
Mobility is a term that represents the ability to travel between two points, regardless of mode of purpose. With the rapidly changing landscape of travel in recent times, the future of the industry demands vehicles that are shared, autonomous, and electrically operated. Moveco strongly believes that car generated data can pay a key role in creating vehicles and new mobility services that are perfectly suited for the future. Globally acclaimed management consulting firm McKinsey & Co. suggests that the worldwide market for car generated data is estimated to be worth $450 to $750 billion by 2030.
The Moveco community members will earn the platform’s proprietary MOV utility tokens according to the miles they move and share. These tokens can be used on goods, services and experiences on the Moveco Redemption Platform or with the loyalty partners of Moveco. Utilizing blockchain technology, Moveco loyalty program and redemption zone will allow MOV tokens to be exchanged for discounts on gas, parking, car washes, and other benefits.
Moveco started its journey as a telematics solutions provider dedicated to improving the ease of car sharing through technology. The company’s latest products Drivebox and Drivebox Lite are capable of reading sensor data, tracking routes, and interpretation of driving behavior. The use of blockchain technology will now allow secure and anonymous sharing and monetization of driving information.
In terms of its concept, Moveco can be referred to as the mobility industry equivalent of Sweatcoin, a blockchain-based fitness app that rewards users for the number of steps they make. In case of Moveco, the rewards can be earned by driving, using mobility services, or simply walking.
“Moveco believes car generated data is important to drive the future of mobility. We, however, also believe that consumers should be rewarded for the data shared,” said Lawrence Hui, Founder of Moveco. “We look to create a win-win situation, in which car generated data can be collected while consumers are rewarded.”
To find out more about Moveco, please visit http://moveco.io/
Moveco is a blockchain powered mobility ecosystem that turns miles into rewards. Consumers will be able to positively contribute to the future of mobility and earn MOV tokens by sharing their mobility data to help with urban planning or to build the next autonomous vehicle.