Coins.ph, inDrive, and Hivemapper partner to deploy a fleet of ride-hailing cars in Manila that utilize blockchain technology. Drivers earn cryptocurrency rewards for contributing real-time mapping data, highlighting the potential of decentralized physical infrastructure networks (DePIN) to transform everyday services.
– Coins.ph, the leading cryptocurrency exchange in the Philippines, has partnered with global ride-hailing app inDrive and decentralized mapping network Hivemapper to deploy the first fleet of blockchain-powered ride-hailing cars in Manila.
The collaboration harnesses Decentralized Physical Infrastructure Networks , a cutting-edge technology that connects physical services like transportation to blockchain networks, creating new ways to earn and share value. Furthermore, the launch of this initiative places the Philippines among the first countries globally to implement DePIN in a real-world context, highlighting the nation’s commitment to embracing innovation.
Mark Tolley, inDrive Regional APAC Director, expressed enthusiasm for the innovative collaboration, stating, “This partnership with Coins.ph and Hivemapper represents a significant step forward in integrating blockchain technology into everyday services. By empowering our drivers with new income streams through decentralized mapping, we’re not just enhancing their earning potential but also contributing to a smarter, more connected world.
BLOCKCHAIN CRYPTOCURRENCY RIDE-HAILING DECENTRALIZED PHYSICAL INFRASTRUCTURE NETWORKS PHILIPPINES
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