OmiseGo Partners With Singapore Ride Hailing App to Trial Blockchain Solutions

[Leonardo]

Ethereum-based payment platform OmiseGo and blockchain protocol Mass Vehicle Ledger (MVL) have partnered to research blockchain technology, according to a press release shared with Cointelegraph Nov. 14. MVL is the protocol behind popular Singapore ride hailing app TADA.

MVL and OmiseGo will develop a Proof-of-Concept (PoC) to ascertain whether the decentralized OMG Network is suitable for MVL’s data record-keeping system. During the PoC, MVL will record data collected from TADA on the OmiseGo platform.

Moreover, the two companies have announced further technical and research cooperation on possible blockchain applications in TADA’s services.

On Nov. 7, MVL received a taxi provider license from the Land Transport Authority of Singapore, allowing it to launch its new taxi booking service, TADA Taxi. According to Business Insider, over 2,000 taxi drivers have joined the app through  partnerships with local taxi companies.

Other taxi companies and ride-hailing services have explored applying blockchain technology to their business models.  In May, Chen Weixing, the founder of Chinese ride hailing company Kuaidi Dache, revealed his plans to create a blockchain-powered ride hailing app, adding that the service might also include deliveries.

The automotive industry has also shown a marked interest in applying new technologies like artificial intelligence  and blockchain. IOTA and Volkswagen demonstrated a PoC that used IOTA’s Tangle system for autonomous cars at Cebit ‘18 Expo in Germany last June.

Daimler AG — which produces Mercedes Benz and Smart cars — presented its own Blockchain-based digital currency MobiCoin to reward drivers for environmentally-friendly driving habits, such as driving at low speeds.

Source: https://cointelegraph.com/news/omisego-partners-with-singapore-ride-hailing-app-to-trial-blockchain-solutions

[glina]

I think according to the published press release OmiseGo and MVL will determine the suitability of OMG Network for MVL’s record keeping system through the development of a Proof of Concept. The Blockchain trial will require that MVL store the data collected through the ride hailing app TADA on the OmiseGo network.

[kent47400]

I don't need to read all of these threads and only read the topic titles and sources.
I am sure with this, Omisego will be the best choice for the future in Singapore.

[Hank]

OMG is growing up through every day, that is a good sign because OMG also had a good platform as well as a strong community too

[jonathancool220]

Singapore has a good power to attract investors because Singapore is indeed a country that is specifically for investors.
Lots of #DevelopmentTeam s of all cryptocurrency that have headquarters in Singapore.

With the Proof-of-Concept (PoC) system, OmiseGo should have a faster advantage in transactions.