Moveco is pleased to formally present its innovative ecosystem that will help boost the mobility industry as a whole. With the launch of this blockchain-based platform, consumers will now be able to contribute to technological advancement while converting their miles into rewards and discounts. This new opportunity could significantly offset car ownership and travel costs for consumers around the world. At the same time, making use of the data generated by the car provided by consumers; Moveco will pave the way to build safer, more convenient, efficient and affordable vehicles and new mobility services for the future.
Moveco is a mobility ecosystem driven by a blockchain that turns miles into rewards. Users can contribute positively to the future of mobility and earn MOV tokens by sharing their mobility data to help with urban planning or to build the next generation of autonomous vehicles.
Mobility is a term that represents the ability to travel between two points, regardless of their mode or purpose. The landscape is changing rapidly and the new vertical mobility points towards a future of shared, autonomous and electric vehicles. The data of the vehicles generated today will play a crucial role to take us to that future and develop the mobility services within it. Moveco, through the promotion of the ecosystem and the maintenance of a transparent platform, eliminates the friction of the value exchanges between consumers and companies of all kinds. She exists to unite all those interested in our transportation future. The data flows freely on the platform Moveco and the rewards are assigned automatically and equitably to the source. The globally acclaimed management consultancy McKinsey & Co. estimates that the global market for this data generated by automobiles will have a value of $ 450 to $ 750 billion by the year 2030.
The members of the Moveco community will win the patented MOV utilitarian tokens of the platform according to the miles they travel and share. These tokens can be used in goods, services and experiences in the Moveco Redemption Platform or with the loyalty partners of Moveco. Using the blockchain technology, the Moveco loyalty program and the exchange zone will allow MOV tokens to be redeemed for discounts on gas, parking, car washes and many other things.
Moveco began its journey as a provider of telematic solutions dedicated to improving the ease of sharing vehicles through technology. The latest products from the company Drivebox and Drivebox Lite are able to read sensor data, follow routes and interpret driving behavior. The use of blockchain technology will now allow safe and anonymous exchange and monetization of driving information.
In terms of its concept, Moveco can be referred to as the equivalent of the mobility industry of Sweatcoin, a blockchain-based fitness application that rewards users by the number of steps they take. In the case of Moveco, the rewards can be obtained by driving, using mobility services or simply walking.
Lawrence Hui, founder of Moveco, said:
"Moveco believes that the data generated by the car is important to boost the future of mobility. We, however, also believe that consumers should be rewarded for the data they share. We seek to create a win-win situation in which the data generated by the car can be collected while consumers are rewarded. "
Moveco recently joined MOBI (Mobility Open Blockchain Initiative), a new consortium formed to discover how blockchain technology can make transportation safer, more affordable and more accessible. MOBI is working with companies that represent more than 70% of the market share of global vehicle production. Partners in the consortium include BMW, Bosch, Ford, General Motors, Renault, ZF and more.