Germany-based automobile giant Daimler AG, which gained fame with Mercedes-Benz, introduced its Blockchain-based digital currency MobiCoin at Mobile World Congress 2017 in Barcelona.
The project, launched in February 2018, was created to reward drivers’ eco-friendly driving habits. That means drivers with low speeds and safe driving habits will be rewarded within the scope of the project. The project will be in the test phase for the next three months. In this test phase, 500 users with eco-friendly driving habits will be rewarded with MobiCoin.
According to the project, the data from the vehicles will be transmitted to Daimler AG and converted into MobiCoin, which will be stored in mobile application. Participants who win the most MobiCoin will win VIP tickets for events such as DTM races, the MercedesCup finale and the Berlin Fashion Week. It is not yet known whether the participants will be able to translate the MobiCoins they earn into another crypto or state currency.
In addition to this initiative of Mercedes, many German automobile giants have adopted Blockchain technology in the past few months. In January, for example, the German automakers giant, BMW Blockchain, announced a partnership with VeChain, a supply chain platform. Again in January Porsche announced its partnership with Berlin-based XAIN to use Blockchain technology in lock systems and in improving the properties of autonomous cars.
Also in the first days of January, Volkswagen’s digital task manager Johann Jungwirth announced that he participated in the IOTA Foundation’s supervisory board, a non-profit organization working for IOT.