Moveco is a blockchain-based mobility ecosystem that seeks to lessen the burden of car ownership while at the same time rewarding users for the miles driven in order to create a safer future with smarter mobility. The ecosystem's main goal is to drive a mobility future that is safer, smarter, more efficient, and affordable through gathering and providing insight on car generated data.
How does it work?
MOV tokens are earned by moving, that is to say, you acquire MOV by driving, using mobility services, or simply walking, using an uber and public transport. Users can also utilize the tokens to get discounts on their gas bills or even exchange the tokens.
Moveco aims at creating a model where users of the platform will earn the MOV tokens according to the quality and quantity of data that they shared. And this could result in a reduced financial burden of owning a car while providing users with an opportunity to contribute in creating a more personalized mobility future.
The tokens earned are redeemable for goods and services or experiences on the Moveco Redemption Platform.
Moveco Advantages
This platform is based on the stellar network, which has an established presence in the blockchain technology framework. The system has such advantages as:
The system depends on MOV as the token for transactions that would record data and other kinds of transactions on the platform.
Stellar forms the payment network for this system with conveniences like low transaction fees and fast processing time.
Data would be collected from users who join the network and at the same time the data would be kept secure.
Data would be stored in an encrypted manner and would be validated by MovNet system.
The IP address of the users is used for validating the data, but it is not stored or used in any other way.
Data reports, as well as insights, would be generated on the platform which would help companies and individuals to study driving behaviours or when autonomous driving modules are being developed.
It would have Moveco app as well as to require Drivebox Lite to be installed which would reward consumers who provide data with MOV tokens.
The application would reward drivers of connected cars as the application would be able to generate information from vehicle sensors of such cars.
Roadmap
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Conclusion
In my opinion, Moveco would help in creating a new technology which will help in reducing the burden of Car owners. While it can help ride sharing, autonomous driving, cab service apps and other related industries, it would also reward users who contribute their data by staying connected to this platform and allowing their movement data to be recorded.
Moveco is a unique concept that has much potential for the automobile industry.
