THELOGICALINDIAN - n-a
As new use cases for broadcast ledgers abide to crop up, avant-garde businesses are award new means to administer the technology to absolute models. VMC, a startup gluttonous to break the problems of accumulation mobility, has appear the Netherlands’ aboriginal Security Token Offering. Using funds from the crowdsale, the aggregation hopes to advance a blockchain band-aid to abduction a allotment of the $500 billion burghal busline market.
In an announcement, VMC said that it will use the Stellar blockchain to digitize payments for transportation, and accompany the Netherlands the world’s aboriginal crypto-powered advancement solution. According to the company’s lightpaper, this technology could be leveraged for annihilation from rideshare apps to airlines.
The aggregation additionally appear the barrage of its own aegis token, VMC-ST. According to the announcement, the “lightning-fast, instantly scalable and energy-efficient” qualities of the Stellar blockchain fabricated it an ideal average for the VMC badge system.
Tokenizing the carriage industry
VMC has already experimented in blockchain-based mobility, accommodating with ally Arriva and Deutsche Bahn to balloon a blockchain-powered bus. While the website is sparing on details, the startup expects the arrangement to “connect a all-inclusive bulk of advancement services.”
The startup will anatomy the new advancement belvedere through a bifold badge economy. Whereas fees will be answerable through the platform’s built-in account token, VAI, investors will acquirement pale in the aggregation through the aegis badge VMC-ST.
According to VMC, holders of VMC-ST will be able to receive up to 40% allotment based on the breadth of time they authority the token, with abate rewards for those who authority the badge for a beneath time.
Notably, rather than administration profits, as is the case with best securities, VMC affairs to accolade aegis badge holders with acquirement abounding anon from user transactions. The aggregation will additionally administer gain from its open-sourced platform.
In the announcement, the aggregation said:
“The VMC advancement belvedere is accessible and chargeless for everybody to body applications on. However, accumulated users pay a baby transaction fee. We do not alone use this fee to added body on our platform, we administer a allotment of acquirement to you. We are assertive this access fits bigger with the amount attempt of blockchain technology and our mission to accomplish advancement bigger connected. “
According to the company, the aegis badge alms does not abatement beneath the administration of the Authority for the Financial Markets, the Netherlands’ arch authoritative watchdog. Crypto Briefing has not been able to verify this claim.
VMC is not the alone aggregation gluttonous to advantage cryptocurrency for transportation. Last year, Unibright developed a proof-of-concept for a tokenized arrangement of busline for the German railway, Deutsche Bahn AG.
The columnist is invested in agenda assets
