We are excited to announce our investment in bloXmove.
bloXmove is on a mission to connect smart cities and mobility operators together by streamlining multimodal transportation as a service (MaaS) with the aim of working towards achieving net-zero carbon neutrality.
Urban Mobility Infrastructure in Smart Cities
The concept of “smart cities” has been adopted by many large metropolitan areas worldwide, such as Amsterdam, Barcelona, Copenhagen, and Manchester, with an increased focus on sustainable development. Such metropolises feature new systems ranging from energy consumption improvements to recycling methods while also incorporating communication tools and urban mobility infrastructures.
Electric bikes, taxis, trains, and other vehicles all represent newer solutions for the future of sustainable cities, and many cities have these kinds of services on offer at the moment. However, in their current form, there is much room for improvement.
Firstly, there is no system that combines urban mobility transport options together that allows the consumer to select their mode of transport and transact with it from a single entity. This is a big gap all over the world and, if implemented, would take a consumer’s experience to a whole new level.
And secondly, such services are structured in a way where the transport provider relies on a centralized platform to interact with the consumer. Such platforms represent intermediaries who are essentially in control of customer relationships and billing processes, allowing them to set their own rules and overcharge providers. This creates an unhealthy relationship based on a “take it or leave it” scenario which is a stranglehold that needs to be broken to create a more efficient and honest system.
bloXmove is Decentralizing Power and Mobility
bloXmove was created with the vision to provide a shared, cooperative blockchain-based infrastructure that allows smart cities and transport operators such as car-sharing companies or train service providers to deliver multimodal mobility as a Service (MaaS) without depending on centralized aggregator platform operators. This will allow consumers to transact with specific mobility service providers for trains, cars, bikes, and more, creating an all-in-one process where a consumer can view, assess, and choose the best mode of electric transport for them at the moment.
bloXmove will also handle all aspects of the client business relationship: KYC, consent agreements for usage data (including billing), invoicing and, financial settlements. However, its key feature lies in connecting electric mobility solutions to the power grid to work towards achieving net-zero carbon-neutral mobility by tracking the aggregate demand/supply from each vehicle to be used grid balancing mechanisms when necessary.
Why We Invested
bloXmove is a project we are fascinated by as it was assigned Daimler Mobility AG’s blockchain software license and for its approach that is totally based on providing more practicality by improving urban mobility infrastructures in smart cities, which, if done correctly, will only make such cities even smarter.
Today there are many examples of smart cities all over the world, and this shows that as the human race, we are trying on some level to clean up our backyard and create sustainable solutions for our future. This is a good start, but there is so much more that needs to be done before we can call it a success. This is why projects like bloXmove are very important, as they have not only identified the current way things are done as a problem but are leveraging the power of MaaS systems to restructure the way providers and consumers interact with the urban mobility services in Smart Cities.
About bloXmove
bloXmove is on a mission to bring decentralized technologies to Power & Mobility. Our Mobility Blockchain Platform operates at the junction of the two sectors to connect electric mobility to the power grid and achieve net-zero carbon-neutral mobility as a service (MaaS).
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About Master Ventures
Master Ventures is a blockchain-focused venture studio helping to build the next generation of blockchain-based Web 3.0 system innovations within the crypto industry. Launched in 2018 by Founder and CEO Kyle Chassé, the company’s ethos can best be summarized in the acronym #BeBOLD: Benevolent, Open, Love, Decentralized.
Master Ventures co-creates with entrepreneurs and businesses worldwide to turn the best ideas into innovative and disruptive products. They do this by investing as strategic partners through offering advisory services to the projects they believe in. To date, Master Ventures has invested in over 40 crypto projects, including the likes of Kraken, Coinbase, Bitfinex, Reef, DAO Maker, Mantra DAO, Thorchain, and Elrond.
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