MVL INCENTIVE-BASED BLOCKCHAIN MOBILITY ECOSYSTEM
Around 1.2 billion units of vehicles are driven all over the world today[7], a 2015-data by statista shows. They are an essential tool in our modern daily lives. Some hundred million new cars[8] are added to the streets every year, which triggers boost in related markets, such as the automobile parts and used-car markets. The vehicle market is also growing with technology which explains the many ride-sharing, cab-hailing and delivery apps. The car industry will further create jobs and show innovative ideas like the self-driving and eco-friendly cars. What problems do we face in wake of the vehicle market’s rapid growth? We all have rolled our eyes after encountering an unpleasant cab experience. Many of us were dumbfounded by the ridiculously expensive quotation provided by car mechanic shops. It’s worse because we have no way of knowing how well they did their job. We also know how you feel when you want to sell your car that you took so good care of, only to find out the price ...