First blockchain-powered fleet in the Philippines launched

The Philippines has taken a daring step in integrating blockchain know-how into its transportation sector. Digital forex alternate Cash.ph, world ride-hailing platform inDrive and decentralized mapping community Hivemapper have joined forces to unveil the nation’s first blockchain-powered fleet.

Formally launched on December 5, the initiative goals to supply Filipino drivers with extra revenue alternatives whereas contributing to a decentralized card community.

“We wish to empower Filipinos to generate income by way of the alternatives that crypto and Web3 present,” stated Wei Zhou, CEO of Cash.ph. “With this partnership, we’re reworking the best way bodily infrastructure is constructed and monetized. This illustrates the ability of blockchain to drive real-world affect and create new incomes alternatives for on a regular basis Filipinos.”

Merging blockchain and ride-hailing

The challenge makes use of DePIN know-how (Decentralized Bodily Infrastructure Networks), combining blockchain with conventional journey providers. Taking part automobiles are outfitted with Hivemapper’s mapping tools, permitting drivers to gather and contribute real-time map knowledge as they navigate Metro Manila.

This decentralized mapping method delivers hyper-accurate knowledge essential for city planning, site visitors administration and location-based providers.

“Individuals love the thought of ​​serving to to construct a decentralized world map, the place the individuals constructing the map additionally take part within the financial system of the map,” says Ariel Seidman, CEO and co-founder of Hivemapper, explaining the broader attraction.

Earn tokens for contributions

Filipino drivers collaborating within the initiative will earn $HONEY tokens for his or her ticket contributions, creating an extra income stream on high of their common ride-hailing revenue. These tokens may be securely saved and managed on the Cash.ph platform.

“For drivers, this implies getting paid for driving in Metro Manila, one thing they already do on daily basis. Why not use know-how to show these actions into extra income?” Zhou emphasised this in an electronic mail interview with CoinGeek.

Drivers have a number of choices to handle their rewards.

“$HONEY tokens may be securely saved within the Cash.ph pockets,” Zhou defined. “By way of Cash, they’ll simply convert, maintain or switch $HONING to PHP if needed. Our platform supplies a seamless expertise, making it easy to go from receiving rewards to changing tokens into fiat.”

Empowering administrators with blockchain

InDrive stated with CoinGeek that the partnership aligns with the ride-hailing platform’s mission to advance neighborhood empowerment and sustainable revenue alternatives.

“This partnership represents an essential step towards integrating blockchain know-how into the ride-hailing ecosystem and units a precedent for innovation and driver empowerment,” stated Sofia Guinto, Head of Enterprise for the Philippines at inDrive.

“By offering drivers with an extra income stream by way of blockchain-powered mapping, we aren’t solely redefining driver engagement, but additionally demonstrating how know-how can deal with financial challenges. Globally, this initiative might encourage different markets to undertake related fashions, positioning ride-hailing as a pioneer in creating inclusive and sustainable revenue alternatives whereas selling know-how adoption within the business,” stated Guinto, including transformative potential of this mannequin is highlighted.

Moreover, the reward system focuses on the standard of the map knowledge drivers present, slightly than the variety of journeys they full. This enables drivers to earn at their very own tempo, with out the constraints of tight schedules.

Overcoming implementation challenges

Implementing blockchain-powered mapping units offered a number of challenges, particularly in logistics and training. Many drivers are unfamiliar with blockchain know-how, which might restrict participation. To deal with this, the partnership has prioritized driver coaching.

“We deal with drivers with primary data for the pilot part,” Guinto explains. “Moreover, we’re working with Cash.ph to develop accessible and sensible cryptocurrency training sources so that every one executives can confidently take part in this system because it scales.”

Privateness points had been one other vital consideration. Hivemapper advised CoinGeek that they guarantee strong knowledge privateness by together with options corresponding to blurring identifiable particulars and utilizing nameless usernames.

“We’ve got labored extensively with regulators to make sure the best stage of privateness,” Seidman stated.

He additionally highlighted the distinctive benefit of Hivemapper’s real-time intelligence.

“Google Maps and Waze do not see the bodily work in actual time, that means they depend on individuals to report points corresponding to roadworks or accidents. Hivemapper, then again, has clever cameras that may see and perceive what is going on.”

Seidman emphasised the long-term imaginative and prescient: “Billions of shoppers and tens of millions of companies depend on maps on daily basis. As we transition these prospects to Hivemapper, it should drive demand and due to this fact worth within the token.”

A imaginative and prescient for the longer term

The blockchain-powered fleet alerts blockchain’s potential to remodel industries past finance.

“Attaining protection density is vital,” Seidman stated. “In Manila, we would like each drawback – development, site visitors accidents, police actions – to make use of these classes to scale up related initiatives in different metropolitan areas world wide.”

Cash.ph sees the challenge as a springboard to wider adoption, with Zhou explaining that “our mission is to empower Filipinos to earn and construct wealth by way of crypto and Web3,” including, “This challenge is a springboard to develop this mannequin to different international locations. different vertical sectors.”

Reworking transportation

By combining blockchain know-how with present taxi providers, the initiative not solely encourages Filipino drivers but additionally helps city improvement. The decentralized card community provides huge potential for addressing real-world challenges and making a extra inclusive financial system.

“This collaboration is a testomony to the potential of innovation to drive progress and create lasting affect,” concludes Guinto.

Because the Philippines embraces blockchain-powered transportation, this initiative units a precedent for integrating superior know-how into on a regular basis techniques, driving financial development and technological innovation.

Look: The Philippines is main the best way within the adoption of blockchain know-how

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