Mass Vehicle Ledger
Mass Vehicle Ledger Ecosystem (MVL Ecosystem, pronounced as “em-buh l Ecosystem”) is a new blockchain-based ecosystem for all vehicle-related services. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain.
Mass Vehicle Ledger Ecosystem (MVL Ecosystem, pronounced as “em-buh l Ecosystem”) is a new blockchain-based ecosystem for all vehicle related services. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain.
Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem. Participants of different roles will be rewarded for providing accurate and transparent data related to vehicle management, driving, repair, transportation service and so on. MVP can be used for marketing purposes, as points will show how well businesses are doing; or can be exchanged to MVL Coin (MVL).
MVL can be traded in exchange for MVP(and vice versa) or used to trade with other participants in the ecosystem. Blockchain data will be used by used-car dealers, self-driving car makers, insurance companies and more. This also means that contributors will earn MVL if their data is sold.
Finally, MVP and MVL will be used for the blockchain’s agreement protocol (mining). They have improved the existing agreement process that mainly credits those with expensive mining tools (proof of work) and large capital (proof of stake). They are practising a distributed economy, or deconomy, where safe drivers, friendly chauffeurs, honest mechanics and other diligent data providers are fairly rewarded.
|“||2014 4Q: Start Easiway Project.|
2015 2Q: Easiway, ride booking app launches in HK.
4Q: Easiway, Expand Service Area Coverage; JWT, KPMG HK & Naver ride with us.
2016 2Q: Rise Conference sponsorship (Joined by 500 Startups); The 2016 Sovereign Asian Art Prize Sponsorship.
2016 3Q: EMS, Ride Manager Tool update.
2017 3Q: Startup Grind HK chat with Gary Vaynerchuk Sponsorship.
2017 4Q: Easi6, Transformation to Mobility Platform; Expansion to Taiwan, Indonesia & Korea.
2018 1Q: Provides rides to PyeongChang 2018 Olympics Games.
April - May 2018: Initial Coin Offering.
2018 3Q: Introduce MVL application with the functions: 1. Wallet; 2. Map + Navigation.
2018 4Q: MVL Application Update; Car management record; Test point and stake-based mining.
2019 1Q: Introduce Mainnet of MVL; Conversion process from Token to Coin; Introduce Point to Coin exchange function on application; MVL Application Update; A. Mining system official launch; Introduce OBD device v1.0.
2019 2Q: Introduce MVL API and SDK; Introduce MVL payment: A. Introduce early connected services; B. MVL application update (Payment for Car repair, Gas station and others).
2019 3Q: Launch Rent a car/Chauffeur service platform.
2019 4Q: Enhance car management record function from basic to full function including public data access; Introduce hardware for navigation and data sharing.
2020 2Q: Launch Used car trading platform.
2020 3Q: Invite car makers to MVL platform.
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Mass Vehicle Ledger Whitepaper