Why the blockchain?- MVL Story

Incentive-based blockchain mobility MVL Ecosystem (mvlchain.io) connects all mobility related services to collect lifetime data of mobility units, like vehicles. But why does it need the blockchain technology?

The MVL Ecosystem gives incentive to those who record data on the blockchain. It gives benefits to the contributors who fuel this ecosystem.

Existing centralized online platforms take data given by players to give high returns to the stakeholders and company owners. But MVL Ecosystem gives high returns to its participants. This motivates active data recording. Rewards will be given in the form of MVL Points which can be exchanged to MVL Coins.

The MVL Coin, cryptocurrency used in the ecosystem, can be used if participants want to exchange goods or get access to mobility data.

This ecosystem sits on transparent data to fuel trust-based interaction among its participants and business. So the blockchain is really important here. Let's say you want to buy a used car. In the MVL Ecosystem, you will be able to get your hands on the lifetime data of the used vehicle you are about to buy. Wouldn't you feel a whole lot more confident about your purchase? You will also be able to set a reasonable price.

Blockchain can be used to enhance social value. We really hope MVL Ecosystem can set a good example for all the other projects to follow.

+++

About MVL

MVL, pronounced as “em buh l,” stands for Mass Vehicle Ledger. It is an ecosystem that connects all services, like the car dealer shops, mechanic shops, car rental companies and more, that touch your car to collect its lifetime data.

Follow us:
Website: https://mvlchain.io
Telegram EN: https://goo.gl/3SQj1F
Telegram KR: https://t.me/mvlchain_kr
Medium: https://medium.com/@mvlchain
Kakao Open Chat: https://open.kakao.com/o/g23wi5I
Facebook: https://www.facebook.com/mvlchain
Twitter: https://twitter.com/mvlchain
See video: