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MobiCoin (cryptocurrency)

Product
The name of the base system (platform): Blockchain Technology Projects
Developers: Daimler AG
Branches: Internet services,  Transport,  Financial services, investments and audit
Technology: IB - Encryption Tools

2018: Announcement

The transnational automotive concern, Daimler the owner of the brand, at the Mercedes-Benz end of February 2018 presented a project of its own based on blockchain cryptocurrencies MobiCoin. According to Daimler, the digital currency will MobiCoin be used to encourage drivers who adhere to the principles of environmentally friendly driving, writes the French publication L'Usine Digitale.

Daimler will launch its own cryptocurrency based on the blockchain

The project started in February 2018 and over the next months will be at the testing stage, in which 500 drivers will take part. During the experiment, participants will be able to earn MobiCoin by following the rules of environmentally friendly driving.

Data from on-board car computers will be transferred to Daimler and then converted into MobiCoin that will be stored in the drivers' mobile application. At the same time, it is reported that the participants who have accumulated the largest number of MobiCoin will receive VIP tickets for events such as DTM Races, the MercedesCup finals or Fashion Week in Berlin. At the same time, it is not specified whether drivers will be able to convert MobiCoin into fiat currency or other cryptocurrencies.

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Blockchain with its decentralized architecture will open new business models and increase the opportunities for interaction between small and large players, "says Daimler blockchain expert Jonas von Malottki.[1]
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Notes