Crypto NEws

Startup Launches Blockchain Powered Electric Vehicles That Mine Cryptocurrency

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A Singapore startup is tackling transport carbon emissions with blockchain-enabled electric vehicles that mine cryptocurrency for the user as a reward.

A Singapore blockchain startup is launching a fleet of blockchain-enabled electric vehicles that mine crypto as users travel. The company intends to reduce carbon emissions and to reward people for doing so.

Cars and climate change

Road vehicles such as cars, trucks and motorcycles are thelargest contributors of CO2 emissions in the transport sector, overshadowing that of trains, planes and boats. In the United Kingdom, the transport sector is theU.K.’s biggest contributor to CO2 emissions, and at present, there is a scramblenot only in the U.K. but worldwide to put more electric vehicles on the roads.

CyClean aims to combat the issue by combining blockchain and cryptocurrency software with electric-powered vehicles as well as other products, such as solar panels and bicycles. The company will allow its users to rent these energy-efficient products and be rewarded with cryptocurrency.

Electric vehicles and products supplied to CyClean by leading producers are upgraded with a chip that connects to the CyClean server, it then tracks the traveled meters or watts of the user and rewards them accordingly.

There is a fixed amount of daily rewards for users and that total is divided by the number of users who have exceeded more than a kilometer of travel that day or produced more than one watt. With that said, the amount of CyClean coins awarded to users will be proportionate to the distance travelled or watts produced.

According tothe CyClean white paper, their business model covers the electric bicycles and motorbikes, and they will be moving toward electric cars in the near future. They also have intentions to expand their motorbike sales to Southeast Asia, where usage of thesevehicles is very high.

Up and running

CyClean says it is an operating business that has recently completed a successful Initial Coin Offering (ICO) and is preparing to launch domestic solar panels and an e-bike, adding to their range of products that mine the platform’s native cryptocurrency, the CyClean Coin (CCL). A CCL/USDT trading pair is now listed on HitBTC, a global cryptocurrency exchange, the CyClean team paziņoja in August. At the time of writing, CCL is the highest trading ICO token on HitBTC, following only the established cryptocurrencies and altcoins, according to CoinMarketCap.

The company is taking itself rather seriously and is firmly combating the negative stereotypes of ICOs and blockchain technologies. At a recentblockchain conference in Seoul, CyClean’s strategic planner Joseph Nam spoke with others regarding the past, present and future of technology, discussing regulations, ICO laws and how important blockchain will be “in the coming Fourth Industrial Revolution.

The conference was attended by former ministers of education in Korea, the president of the Korea Blockchain Association and other prominent government and industry figures. CyClean is attempting toestablish solid connections with governments, groups and other organizations to see its presence expand beyond South Korea to other parts of the world.

Energy efficient

The trend of electric or hybrid vehicles is on the rise, and recent research has estimated that 13 million new electric vehicles are going to be producedevery year until 2021; International Energy reported that in 2017, the number of electric cars in circulation hadsurpassed 3 million globally and is expected to reach 125 million by 2030.

Blockchain technology solutions paired with electric vehicles have begun to take off.Nesen, a partnership was struck between a United States-based company and China’s largest electric bus operator to provide financial services.

Programmā 2017, another blockchain companybegan testing a peer-to-peer electric vehicle charger marketplace that enabled users to charge their cars by using another person’s power outlet.

 

Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor this article can be considered as an investment advice.

Mājas Kriptogrāfijas nodaļas ziņas Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds
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Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

Blockchain’s Popularity Among Large Enterprises Soared 11% This Year, Survey Finds

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New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year.

New research from fintech analysts Juniper House has found that blockchain’s traction with large enterprises has risen by 11 percent this year, according to a press release published September 11.

Juniper’s Blockchain Enterprise Survey: Deployments, Benefits & Attitudes (Second Edition) found that 65 percent of responding large enterprisesdefined as those who employ a minimum of 10,000 staffare “considering or actively engagedin blockchain deployment, up 11 percent from the corresponding 54 percent figure last year.

Further data analysis shows that nearly a quarter of firms have moved beyond blockchain proofs-of-concept onto trials and commercial rollouts. The potential scope of the technology’s application has also expanded, with only 15 percent of firmsproposed blockchain applications relating to paymentsas compared with 34 percent last year.

The press release notes there has been “significantinterest in fields across logistics, authentication and smart contracts.

Even as Ethereum (ETH) has taken a battering on the spot markets recently, Juniper’s findings also reveal that nearly half of responding firms are planning to harness the platform’s token standardization potential to launch their proprietary dApps (Distributed Applications) on the Ethereum blockchain.

Among firms that had already invested over $100,000 in blockchain indicated they planned to spend “at leastthe same sum in the coming year. Juniper noted that this demonstrates “largely positiveinitial feedback on investment in the technology, sufficient for firms to bolster their existing commitments to pursuing its development.

Juniper research co-author James Moar is however quoted as pointing towards potential challenges posed by integrating blockchain into legacy systems:

“The findings illustrate the need for companies to engage in a prolonged period of parallel running new systems alongside the old, to iron out any issues that might arise.

Interestingly, among the incumbent tech giants, IBM was found to be the most popular company for blockchain solutions – 65 percent of respondents named it as their “go-tochoiceoutstripping rival firm Microsoft by almost 10 times, which scored 7 percent and was ranked second.

A major recent survey by “Big Fourauditor Deloitte found that among businesses faced with implementing legacy-constrained blockchain solutions, 74 percent of all the respondents to the survey said their executive team believes there is a “compelling business casefor their deployment.

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