MobiFi x IoTeX Partnership

Published on: 16.10.2021
MobiFi x IoTeX Partnership

MobiFi and IoTeX announced strategic partnership to extend the mobility experience with trusted data.

With MobiFi coming to the IoTeX Network, we will provide a rich travel & earn experience for users, focusing on car drivers to begin with. There are more than 20% of carbon emissions that need to be captured via behaviour change, such as shifting from car ownership to more responsible means of transports such as public transports or bikes, to name a few. For this reason, MobiFi’s initial target user will be drivers (i.e., the largest group which accounts for 50% in the mobility industry).

MobiFi can encourage sustainable decisions via on-chain incentives, by for example rewarding people who park their vehicles in an off-street parking in lieu of on-street. However, as a mobile app-based solution, it is extremely challenging to monitor specific behaviour (e.g., are people the drivers or the passengers?).

This is where IoTeX’s tamper-proof hardware/software technology can have a great impact. For example, the Pebble Tracker that is launching this month can capture real world mobility data (e.g., driving behaviour and GPS routes) to provide trusted information and support better decision making.

Yudi Xu (Team MobiFi): “The IoT ecosystem IoTeX is building is the secure connected world I have always wanted since 2017. Back then I was leading IoT projects for big corporations, where I saw all the vulnerabilities in physical devices. The exploration with IoTeX will provide us with new opportunities to monetize user’s mobility data in a secure way”.

Raullen Chai (IoTeX Team): “We are excited to welcome MobiFi to the IoTeX Network and develop the ‘drive-to-earn’ model with the talented MobiFi team. The incentivization of good driving behaviors using trusted, blockchain-based devices is innovative and has the potential to disrupt large sectors across insurance, asset tracking, and supply chain.”

About IoTeX

Starting as an open-source project in 2017, IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives.

IoTeX’s mission is to build a decentralized trust fabric for a new era of collaboration and data exchange among devices, applications and people. Backed by a global team of research scientists and top engineers, IoTeX combines blockchain, trusted hardware and edge computing to realize the full potential of IoT.

MobiFi is a financial orchestrator for Mobility as a Service (MaaS). We’re building the transportation UX of the future — simplifying the mess of mobility services that many consumers face today while also allowing them to earn on their mobility credit. Once complete, our platform and tokenized payment system will boost mobility service provider efficiency and coax users into more sustainable transportation decisions.

📰 INFO

https://mobifi.medium.com/mobifi-and-iotex-partnership-announcement-cc8169e6db9f

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