VMC

For the MaaS market to evolve to the next phase, we need to be able to easily share resources and provide incentives to do so. We need to replace the system of ownership and control with a system of sharing and governance. VMC believes in a tokenized, decentralized and autonomous economy. Passengers, drivers and vehicles are connected directly to each other, without the need for an intermediary company.

This creates an honest marketplace in which passengers, drivers and vehicle owners can all benefit. Other actors such as insurance agencies, vehicle manufactures and public transport companies can also join the network. In order for this economy to be a success, adoption should be easy and independent of the innovation rate of the industry. Therefore, we want to connect non electric vehicles (bikes) and older types of vehicles (old cars and busses) as well. This is important for mobility challenges in both large cities and lesser developed areas.

VMC has developed a mobile driver wallet (as a downloadable app and as a cheap hardware terminal) that can be used to connect these vehicles to the network. The VMC wallet can also be integrated inside vehicles. A stable network token is deployed in order to fuel the transactions and provide the right incentives to all actors involved.