MVL launches a new service in Singapore, TADA app(in Korean means “choirs”), which is an alternative to Uber on the blockchain.
Being a decentralized P2P service that puts users in direct contact, without any intermediary, it is able to allow purchases without commission, as does Uber.
For now, the app is only available for Android, while the one for IOS is being approved by the Apple store.
Once downloaded, it works more or less like Uber: when you enter the destination, the app looks for a driver available for the ride, thanks to a specific matching technology that aims to provide a fast and safe service.
Payments are made in cash, with MVL tokens, by credit or debit card. According to the company, Paypal and Alipay will soon be added.
Once the ride is over the user can leave their feedback in order to evaluate the driver and allow better future combinations between the user and the available drivers.
In addition, starting in October, MVL tokens will be given to feedback seekers to use when buying rides.
The real advantage is for the drivers: they will not have to pay any additional fees other than those on credit cards or Paypal payments. Drivers will also receive MVL tokens from October if they are able to provide a high-quality service and have positive feedback.
The MVL tokens can then be cashed in cryptocurrencies on the exchanges or used as a means of payment in the MVL ecosystem.
The company that developed it, MVL, built an entire incentive-based blockchain mobility platform, the Mass Vehicle Ledger.
The intention is to make it a real ecosystem to connect all the various stakeholders in the automotive sector, such as drivers, motorcyclists, car manufacturers and dealers, repair service providers, insurance companies and so on.
MVL will collect all data in a central database so that the entire vehicle history can be tracked, stored and available within the ecosystem.
