Auckland based blockchain company Centrality has formed a joint venture with Barcelona bases iomob, a company using blockchain to improve mobility in cities.
Centrality describes itself as a venture studio that partners with innovators in various industries to create a marketplace of applications that allow consumers to manage everyday tasks and experiences using peer-to-peer transactions with a single login and using blockchain-enabled infrastructure.
The collaboration will use iomob's Internet of Mobility (IoM) protocol, which uses blockchain technology to provide an open platform enabling new services to unify as mobility as a service (MaaS).
According to Centrality, instead of setting up their own systems of operation, mobility operators can get running faster using iomob’s open source hubs to handle booking and matching, payments, customer registration and reputation management, and focus their efforts on building their brand, customer base and revenue.
Centrality CEO, Aaron McDonald, said the company was in talks with cities around the globe. “We understand the problems and the pressure they face in improving public services like transportation, legislation, and identification. This represents a huge opportunity for decentralised platforms. … iomob’s smart city credentials make them a compelling partner to help us improve lives in cities around the world, helping people get from A to B quickly, easily and efficiently.”
Centrality has made a strategic investment in, and will provide business development backing to “support iomob’s development of a decentralised blockchain mobility protocol that will transform mobility in smart cities.”
The two companies have formed a joint venture, Senta Mobility to promote the adoption of the iomob protocol in smart cities around the globe. Centrality says it will lead Senta’s global business development to elicit further adoption of the protocol by cities and mobility service providers and, with iomob, will develop and incubate new businesses and applications to support the growth of a decentralised mobility network for smart cities around the world.
Centrality says the urban mobility marketplace is expanding rapidly with services such as electric scooter sharing, bike sharing, on-demand buses, and autonomous vehicles, all of which “demonstrate the huge potential for cities to transform the way people move.”
However, it argues that much of this new development is fragmented and drives complexity, duplication and uneconomical competition. Centrality says its collaboration with iomob will “create solutions that will nurture a more efficient, cost-effective, incentivising and consumer-friendly mobility system in cities.”