VMC

VMC is a blockchain based open mobility platform. VMC CORE is the first open-source distributed ledger that is designed for the future of human mobility. A decentralized solution for a trillion dollar market. Developers and organizations can build DApps that offer services for ride/vehicle sharing, public transport and more. Autonomous car manufacturers can use our framework to manage data more effectively using Local Area Blockchains.

We introduce VMC CORE: a blockchain platform that is designed for mobility services. VMC CORE is fast, secure and decentralized by design. VMC CORE uses the PoET consensus algorithm (PoET); an algorithm that runs on trusted execution environments. The result is an extremely reliable and fast ecosystem. VMC also provides a vehicle communication standard and framework for autonomous vehicles. The VMC technology stack is fully open source.

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.