Blockchain

Lift me up, Mobi

Australian ride-sharing app Mobi has been given a lift with a financial boost from NEM Ventures – the investment arm of the NEM blockchain system.

The Melbourne-based start-up, which partners with the city’s large employers to allow them to implement the carpooling app internally, is currently in its post-trial refinement stage, and will be available on iOS and Android devices at the end of this year.

The company was launched in a bid to help reduce carbon emissions and traffic congestion by putting more people in fewer cars.

David Mansell, co-founder and director of NEM Ventures, explained the Mobi project caught his eye with its ability to deploy blockchain for social change.

“By incorporating NEM Catapult, Mobi is able to utilise the protocol’s many features to provide an enhanced app experience for commuters,” he said.

“We are always looking for ways to utilise blockchain to promote social change, which is what drew us to this project in the first place.

Sustainability

“Mobi aims to further the sustainability agenda with a focus on creating long-term shareholder value while driving home the fact that profitability is not a trade-off for sustainability.”

The app allows commuters to pre-arrange car sharing up to a week in advance by selecting which dates and times they require. They can also have control over who they choose to ride with before both parties connect in advance via a chat function while funds are held in escrow.

Mobi also plans to build an incentive-driven partner network to enable businesses to connect employees for their commuting needs.

Daniel Logan, Mobi’s co-founder, said the app enjoyed both worlds of peer-to-peer transactions whilst actively reducing pollution.

“In Melbourne, the first city on our roadmap, there are approximately 2.1 million commuters and 1.3 million car drivers,” he explained.

“Mobi bridges this gap by creating a convenient and affordable way to make commuting a more positive experience for all.

“The app creates a sustainable solution which can help limit carbon emissions and travel congestion, as well as free up much-needed parking spaces across densely populated cities.

“NEM allows this to happen more transparently, efficiently, and cost effectively, and we are happy to partner with the community strategically.”

Mobi currently has a minimum viable product (MVP) tested with a live pilot of around 200 users as well as confirmed partnerships with three major universities across Australia giving access to 40,000 potential users to begin scaling.

Mr Logan added: “NEM is built around a powerful system which provides us with direct API access to a specialised set of tested and secure on-blockchain features, and we are aligned in our mission to bring sustainable ride-sharing to the masses.”

 

Darren Parkin

Darren Parkin is a highly experienced, award-winning editor with a background in daily newspapers. Once the UK’s youngest newspaper editor, he has spent more than three decades as a journalist, presenter and broadcaster. He was one of the first people to join the Coin Rivet team, and can often be found hosting, chairing or moderating cryptocurrency and blockchain events throughout the world. Away from the office, he is an outdoors instructor and adventurer. He recently set a world endurance record during a canoe expedition.

Disqus Comments Loading...

Recent Posts

Here is why Bitcoin is still a lucrative investment in 2024

Those who enter the market at this time may be surprised to hear that Bitcoin…

1 month ago

Zircuit Launches ZRC Token: Pioneering the Next Era of Decentralized Finance

George Town, Grand Cayman, 22nd November 2024, Chainwire

1 month ago

The surge of Bitcoin NFTs: Everything you should know about Bitcoin ordinals

From digital art to real-estate assets, NFTs have become a significant attraction for investors who…

2 months ago

MEXC Partners with Aptos to Launch Events Featuring a 1.5 Million USDT Prize Pool

Singapore, Singapore, 21st October 2024, Chainwire

2 months ago