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Helbiz – a marketplace that makes renting a car, motorcycle or bicycle convenient, affordable and rewarding

Helbiz is a peer-to-peer marketplace that makes renting a car, motorcycle or bicycle convenient, affordable and rewarding. Helbiz combines the familiar carsharing approach in the transportation sector with Blockchain technology. Their mobility ecosystem will soon provide access to individual vehicles as well as fleets and other transportation services. Helbiz Mobility System is a platform based on the Ethereum Blockchain and powered by the
HelbizCoin tokens (HBZ). Helbiz will be the first company adopting HelbizCoin and leveraging the Helbiz Mobility System, a platform that will be open to other companies with interests in mobility related services (e.g. insurance companies) and willing to join the Blockchain revolution using data and building dApps (Dcentralized Applications) on top of the Helbiz Mobility System.

HelbizCoin is the ERC20 token that aims to become the preferred method to pay for transportation services through the Ethereum Blockchain and to access the ecosystem of services provided by the Helbiz Mobility System. The adoption of cryptocurrencies will impact the way they access mobility services in the future and HelbizCoin is poised
to play a leading role in this new era of transportation and sharing economy.

THE CHALLENGE

Sharing Economy

The sharing economy refers to a new socioeconomic phenomenon that provides individuals with an opportunity to enable mutualization of personal goods and services. However, even if the sharing economy is based on a peer- to-peer model, there are intermediaries that charge a fairly high fee to facilitate transactions. While the sharing economy has been remarkably beneficial for society by enabling individuals to supplement their incomes and lowering costs for consumers, the industry is run by centralized platforms acting as authorities and charging substantial facilitation fees.

The Benefit

Blockchain technology has the potential to reduce transaction and trust costs that prevent car owners from monetizing their vehicles and driving data. Helbiz aims to create value automating three key areas:

  • Shared ownership of the vehicles
  • Services associated with the vehicle utilization;
  • All the data that’s produced from the vehicle use

THE HELBIZ MOBILITY SYSTEM

The Helbiz Mobility System is a platform based on the Ethereum Blockchain and powered by the Helbiz- Coin tokens. Helbiz will be the first company adopting HelbizCoin and leveraging the Helbiz Mobility System, a platform that will be open to other companies with interests in mobility related services and willing to join the Blockchain revolution using data and building dApps (Decentralized Applications) on top of the Helbiz Mobility System.

General Description

The system connects car owners, renters and service providers through a simple, easy to use interface. To simplify the process and increase Helbiz-Coin adoption, Helbiz Mobility System will integrate several services in one single platform including:

  • An explorer to discover available transportation options and related services;
  • An internal exchange to convert major cryptocurrencies, like bitcoin and Ethereum into HelbizCoin;
  • A built-in wallet to store and use the tokens easily;
  • Templates of smart contracts to allow vehicle owners to share their assets;
  • Templates of smart contracts for data providers to set the rules and the level of reward they are willing to offer to data owners, whilst the latter retains control to cancel the contracts or edit permissions.

Privacy & security

Helbiz proposes an interconnection with a range of sophisticated services specific to the vehicle owners, transport partners, and external services. They also solve a series of security and privacy issues i.e. location detection or direct remote control. In particular, by using blockchain technology it is possible to identify many solutions to these challenges. They propose an architecture based on securing privacy for users, increasing the safety of the vehicle’s ecosystem and expanding the market to all independent operators. The data provided by the vehicles holds confidential information, such as location, and therefore can open new privacy challenges. The conventional methods of security and privacy used in smart vehicles tend to be ineffective due to the following challenges:

  •  Centralization: the current architecture of “smart” vehicles is based centralized models of mediated communication in which all vehicles are identified, authenticated, authorized and connected through central servers in the cloud. It is unlikely that this model will scale as there is a large number of vehicles connected. In addition, servers in the cloud will continue to be so bottleneck and a single point of error that can annoy the entire network.
  • Lack of privacy: most of today’s secure communication architectures do not take the user’s privacy into account, they resort to the exchange of all vehicle data without the owner’s permission or reveal noisy or summarized data to the applicant. However, in several applications for smart vehicles, the applicant needs accurate vehicle data to provide personalized services.
  • Security threats: Smart vehicles have an increasing number of autonomous functions. A malfunction due to a security breach (for example, during the installation of a malicious SW) could cause serious accidents that endanger the safety of passengers and other road users who are very close.

For more information, visit the Website or read the Whitepaper.

 

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