The Korea Transport Institute, Attention to TADA Applying Blockchain to Real Life

Hi, this is MVL team.

MVL team visited ‘The Korea Transport Institute’ which is a Korean Government-funded research institute in Sejong National Research Park in Sejong city on August 22.

The Korea Transport Institute is a mobility research institute that researches and develops transportation policies and technologies, and collects, investigates and analyzes various information related to transportation policy and technology at Korea and abroad.

This seminar, held by The Korea Transport Institute, was conducted under the theme of ‘Study on the Special Promotion of New Traffic in Saemangeum’ for Smart City. Jaehwa Han, CTO,  who is core member of MVL, attended the seminar and shared the case of MVL and had an opportunity to inform about MVL.

(photo: MVL’s Jaehwa Han CTO visited The Korea Transport Institute.)

Han CTO gave a speech titled ‘The concept of blockchain and its integration into mobility ecosystem – focusing on MVL case’.

Han CTO said “Blockchain technology can be used in a variety of areas. It can also be applied to the mobility ecosystem, and MVL team aims to use to implement a trust-based ecosystem. In fact, TADA service which is a ride-hailing service by MVL in Singapore has made remarkable progress. TADA service is a demonstration stage that is applied to MVL. By the end of the year, we are also planning to launch TADA service in Vietnam.”

The Q&A session was followed after the explanation of the MVL cases which is the blockchain was applied in real life.

There were a lot of questions, especially if the blockchain could be applied in real life. The MVL team’s TADA showed that the blockchain could be applied to the mobile ecosystem.

(Photo: Han CTO gave a speech at the seminar held by The Korea Transport Institute.)

The speech here is one of the biggest themes of the seminar, which means that Van-Sharing service with KORAIL(Korea Railroad Corporation) and TADA service in Singapore have been well accepted by Korean government. Furthermore, this seminar was an opportunity to inform many people about the incentive based blockchain mobility ecosystem, MVL, and expand MVL.

MVL is an incentive based blockchain mobility ecosystem that increases reliability and transparency through providing incentives for recording vehicle management and service usage data. For people who have a car, MVL is a mobility system that integrates vehicle, transportation, traffic etc. into a single integrated vehicle management system, and for people who don’t have a car, MVL provides services like taxi, car sharing, Ride-Hailing, and car rent.

In order to grow MVL, MVL ecosystem needs to be expanded. And to spread MVL ecosystem it is necessary to inform many people about MVL and collaborate with various corporations in MVL ecosystem. In the process, this seminar will inform the government and various corporations about the existence of MVl and inform the goal of MVL ecosystem. The seminar will be a role of foundation for MVL to grow.

Trust-Driven MVL