The Moveco team is set to foster a smarter, highly efficient and affordable mobility industry. With Moveco, users will receive the MOV token when they share their mobility data.
With the Moveco blockchain-powered system, people will now be able to turn their miles into rewards and discounts, making it cheaper for consumers to own cars and reduce travel costs.
Moveco is poised to use the car generated data from consumers to assist vehicle makers to build better cars in the future.
Moveco will reward users with its MOV tokens when they share their mobility data which could be beneficial in the creation of autonomous vehicles, urban planning and more.
According to McKinsey and Co., the global market for car-generated data is expected to hit $450 to $750 billion by 2030.
Members of the Moveco platform will receive the MOV tokens according to the miles they move and share. The tokens can be used to purchase goods and services. There is also the Moveco loyalty program that will enable holders of the MOV token to get discounts on gas purchases, parking and more.
Moveco started with telematics solutions initially. The platform made car sharing a seamless process through technology.
The Moveco Drivebox and Drivebox Lite solutions can read sensor data, track routes and interpret driving behavior.
Now, Moveco is looking to make it easy for users to share their driving information anonymously while getting rewarded.
The Moveco platform works in the same way with the Sweatcoin fitness project which rewards users for walking. However, Moveco rewards users for miles covered while driving or 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 the founder of the platform, Lawrence Hui.
“We look to create a win-win situation, in which car generated data can be collected while consumers are rewarded.
Notably, Moveco recently joined the Mobility Open Blockchain Initiative(MOBI). A project that seeks to find out how blockchain technology can be used to improve transportation by making it cheaper and more accessible to all.
MOBI is working with high players in the vehicle manufacturing world, including BMW, Bosch, Ford and more.
For more information visit https://moveco.io/