• Thu, 22 Aug 2019, 04:41 AM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

UK transport firm Go-Ahead partners with blockchain startup DOVU

Mon, 04 Feb 2019, 05:26 am UTC

Go-Ahead, one of the UK’s leading public transport providers, has entered into a partnership with blockchain startup DOVU.

Backed by Jaguar Land Rover's innovation arm InMotion Ventures, DOVU is a blockchain-powered reward platform that aims to equip the transport industry with high-quality datasets. It seeks to create a secure blockchain-based marketplace for mobility data, sourced from a large number of users, who will be incentivized to submit data to the network with DOV tokens.

DOV tokens are also the means of payment for developers to access the aggregated data. In October 2017, DOVU raised a total of 20,000 Ether (ETH) (approximately $6.2 million) in its token sale.

Under the partnership, Go-Ahead will leverage DOVU’s blockchain-powered reward platform to better understand its customers and to incentivize changes in passenger behaviour.

“With our passengers taking over one billion journeys a year, it is important that we are always looking at how we can better meet and exceed their changing needs. The quality of the businesses we have worked with through the Billion Journey Project has been was extremely high, and I hope it is a great indication of where the future of the transport industry is headed,” David Brown, Go-Ahead Group Chief Executive, said.

The project will be initially rolled out on Go-Ahead’s Thameslink and Southern Rail services and will focus on the first and last mile of the customer journey. By using the DOVU platform, users will be able to earn cryptocurrency when they share their valuable travel data and make changes to their travel behaviour. Sharing their data will help Go-Ahead to better understand travel habits and better communicate with customers.

“Data is the oil of the new economy and transport users are being incentivised to share their data in a responsible way. The result is a win-win for consumers and corporates: actionable data that can boost efficiencies and improve services.” Krasina Mileva, COO & Co-Founder at DOVU.

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,005.60 (-3.63%)
  • Ethereum (ETH) $185.39 (-2.86%)
  • XRP (XRP) $0.264600 (-1.38%)
  • Bitcoin Cash (BCH) $300.57 (-2.74%)
  • Litecoin (LTC) $72.25 (-2.67%)
  • Bitcoin (BTC) $10,005.60 (-3.63%)
Aug 22, 2019 (Thursday)
04:01
Indian Supreme Court grills RBI for cryptocurrency banking ban
03:49
Cryptopia customers did not have individual wallets; liquidator Grant Thornton to manually determine crypto ownership
03:34
Korean crypto exchange Prixbit shuts down over financial crisis
03:31
Crypto Technicals: BTC/USD below $10K, breach of 'Symmetric Triangle' could plummet prices further
Aug 21, 2019 (Wednesday)
12:56
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:25
European Commission looks into “potential anti-competitive behavior” of Facebook's Libra: Report
11:10
Thailand’s Siam Cement Group seeks to expand Corda-based ‘Procure to Pay’ solution to 2,400 suppliers by 2020
10:40
Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside
10:21
Blockchain settlement startup Fnality adds former UBS and IMF executives to management team
09:17
Austrian telecom giant A1 to offer cryptocurrency payment option
09:02
Japan's Amaten, Aelf to revolutionize gift card market using blockchain
07:37
Crypto Technicals: Monero (XMR) recovery falters at major trendline resistance, slips below cloud
07:34
Blockchain securities issuance platform iownit.us obtains approval from FINRA
06:37
Crypto Technicals: ETH/USD struggles to extend gains beyond $200 mark, bias bearish below 200-DMA
06:18
Square Crypto hires Blockstream co-founder Matt Corallo to boost bitcoin adoption
06:16
Commonwealth Bank of Australia develops blockchain-based marketplace and token to protect biodiversity
05:40
Crypto Technicals: Bitcoin fails to take out $11K mark, tumbles below 55-EMA support (10428)
05:07
EMURGO inks MOUs with South Korean trade associations to boost Cardano adoption
04:15
China may launch its central bank digital currency ahead of Facebook's cryptocurrency Libra
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft