Helbiz Powers Peer To Peer Car Sharing Using Blockchain Technology
blockchain·@arthurwatson·
0.000 HBDHelbiz Powers Peer To Peer Car Sharing Using Blockchain Technology
.jpg) There is no doubt that Car sharing will define how cars will be owned and used in the future—except, the future is already here with us. Since the turn of the millennium, car sharing has become more and more popular marked by the consistent increase in members of car sharing networks. Members of car sharing networks are expected to reach 12 million members by 2020. Lots of innovations are being introduced to make the model more efficient; the latest of these is what Helbiz is offering; a blockchain-based peer to peer car sharing platform; the Helbiz Mobility System. ### The Helbiz Mobility System In spite of the growth of the sharing economy, people are still pegged back by issues of trust and high transaction fees. These are issues blockchain technology is well positioned to handle. What Helbiz has successfully done is to fuse the characteristic features of blockchain with the popular sharing economy, in this case, peer to peer car sharing, to promote security, increase efficiency, reduce transaction costs and increase profitability. Helbiz is riding on an ever-growing acceptance of cryptocurrencies to pioneer a whole new era for transportation services. By using smart contracts—a feature provided by ERC-20 standard ethereum blockchain—Helbiz platform ensures a trustless system for peer to peer data sharing which is essential for car-sharing services. There is, therefore, no need for a central unit which comes with many risks of security breaches or data manipulation. It is total decentralized. ### How it works Helbiz has made car sharing so simple and interesting. Through the mobile app, users search for cars nearby which they wish to rent. The app then verifies the digital identities of both owner and renter after which both parties agree to the terms and conditions contained in an immutable smart contract. This contract contains the duration of rental, the fare and insurance agreements. Once the smart contract has been verified, the renter gets access to the vehicle through their smartphone. They can now unlock the car and make their trip. Once the rental duration is up, the payment (in HBZ) is automatically transferred from the user’s digital wallet to the owner’s wallet. ### The Helbiz Coin Crowdsale The presale of The Helbiz Coin which started on January 26th, 2018 is underway, and participants are getting a 33% discount. The crowd sale will hold on February 15th, 2018. The Helbiz coin shall drive the Helbiz Mobility System; to carry out transaction within the ecosystem. Beyond car sharing, The Helbiz coin (HBZ) aims to drive transportation service transactions globally; that includes car rentals, bike rentals, public transportation and even private jets rentals. Here’s a link to the website for more information and ICO participation. A copy of the whitepaper can be found here: https://www.helbiz.com/, [Telegram](https://t.me/helbiz), [ANN Thread](https://bitcointalk.org/index.php?topic=2851691.0), [BOUNTY Thread]( https://bitcointalk.org/index.php?topic=2853690.0) [Image credit](https://unsplash.com/photos/e9zSM8orIfA)
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