Blockchain technology and distributed networks such as Ethereum allows for the creation of decentralized marketplaces without intermediaries. We have seen different marketplaces -Exchanges, Prediction services, Physical goods, Digital Assets. Singapore based Helbiz team, however, hopes to completely take this to the next level by introducing a decentralized, p2p market-place that facilitates easy renting of transportation services. Making use of the powerful Ethereum blockchain network infrastructure and a native token, Helbiz will build a robust platform known as the Helbiz Mobility System (HMS) that provide access to cars, bicycles and other transportation services. Think Helbiz as an Airbnb for vehicles on the blockchain with many more features.
Challenging the status-quo which is dominated by the likes of Airbnb, Uber and similar applications, Helbiz will build a fully decentralized vehicle sharing applications that will fairly reward the participants. Further, this platform will be open to other companies with special focus on mobility-related services such as Insurance and those who intend to build dapps on top of it. The Helbiz mobility system will essentially connect car owners, renters, and the various service providers.
Following a Customer-centric approach, Helbiz will primarily focus on the creation of a 100% p2p vehicle sharing application and Helbiz Mobility System. At the core, the HMS will have an explorer where the users can browse different cars and other vehicles that they wish to avail the services of. The transactions on the platform are powered by the native Helbiz token or HBZ. Hence, a core component of the platform will be an internal exchange that will allow for the conversion of popular cryptocurrencies such as BTC, ETH into HBZ and these Helbiz tokens can be saved in the built-in wallet. Smart contracts will govern the procedures by which vehicle owners share their assets. Smart contract templates that enable data providers to set the criteria and rewards for data owners will also be part of the Mobility system. The proposed functionalities will be available through a mobile app.
A typical use case can be explained as follows- An end user requiring access to a vehicle can browse cars through the explorer and pick one. He/She will have to verify his identity after which a set of terms and conditions need to be agreed to- This will cover areas such as fare and duration of the rental, and an insurance policy covering the trip. Once this step is completed, he/she will have remote key access. And ultimately, once the trip is done payments of the service will be deducted and served to the vehicle owner.
Token Sale & Team
The ERC-20 based HBZ tokens which will be used for payments of services within the Helbiz Mobility Ecosystem are up for sale through a token sale event. Here is a summary of the sale in bullet points.
Total Supply of HBZ: 1,000,000,000 HBZ
Hard Cap: 62,500 ETH
Min Cap: 5,000 ETH
Price Per Token: 0.15$
Crowd-sale Date: 02/15/2018 - TBD
NB: Update - ICO over. You can still acquire tokens until the day before the exchange listing. Visit the Helbiz website for more.
Singapore based Hellbiz team is led by Salvatore Palella who has been active in the Finance and Investment sector for more than a decade.
Disclaimer: I am not a financial advisor. This post intended as a product review and not an investment advice
