Brief
History of Transportation
Horses and trains are quite modern means
of transportation in ancient times in Europe and America. Horses and trains
still survive for rent because at that time the rental car was still very
expensive. Understandably, the producing cost of a car at that time may also be
high. So even though there is already a car in the road, it is still expensive
when rented.
The initial generation of cars we know
is a motorized wagon. Motorized wagon appeared in 1886 and became the pioneer
of today's modern cars. The first motorized wagon was invented by Carl Benz
from Germany. Wagon motorized began leased in 1904. It became the pioneer of
the car rental until now. Motorized wagon rental business is not well developed
because the rates are still too expensive. It can be said that the business of
motorized wagons runs stagnant.
The First Car Rental Company
in the World
With the development of automotive
technology, people began to find motorized wagons at a cheaper price. The world
knew Ford Model T as a motorized wagon at an economical price spent in 1908.
With the capital of a Ford Model T in 1916, Joe Saunders of Omaha was the first
to discover a car rental business. Joe Saunders' business seems to be growing
rapidly, as evidenced by the number of Ford Model T cars that became 18 pieces
in 1917.
The Saunders company, originally called
"Ford Livery Company" changed its name to "Saunders
Drive-It-Yourself System" and then changed again to "Saunders
System". In 1926 (10 years of Saunders Company), the car rental company
Sunders already has 56 branches.
Saunders car rental company was finally
purchased by Avis in 1955. Avis is a car rental company in America. Avis is
headquartered in Parsippany-Troy Hills, New Jersey, USA. The new Avis company
was built in 1946. Though not so long ago, Avis's business grew so much that he
could buy the Saunders company.
That is the dynamics of business. Despite
being a pioneer in the world of car rental, there is no guarantee it will last
forever.
Blockchain
Technology
Blockchain technology was born in
response to concerns of some parties to the workings of a centralized software.
This technology was born in 2009 along with the birth of Bitcoin - the virtual
currency that is becoming a trend today.
Blockchain technology is a technology
that underlies the running of Bitcoin without relying on centralized servers
and thus avoids the risk of downtime. The blockchain system comes by
transforming a centralized approach into decentralization. In principle, blockchain
technology is conditioning every server which run this software to form automatically
a consensus networks to mutually replicate transaction data and mutually verify
existing data.
Therefore, when one server is hacked
then that server can be ignored because it is considered to have data that is
different from most other server networks. This makes blockchain technology a
much more powerful to face an attack compared to centralized technology because
there is always at least 1 server running to handle transactions. Blockchain
technology enables a consensus network to record and validate each transaction
so that the data that has been entered cannot be forged, lost or corrupted so
it cannot be manipulated by the network providers.
The analogy of how blockchain works almost
the same as a cash book in a bank that records all transactions carried out by
the user. The difference is only the
authorities who can access information about the transaction in the cash book
bank, while transactions through blockchain can be visible to all users because
information collected is also distributed to everyone who run the server.
As technology which is predicted to be
the future and the most advanced technology in the world, Blockchain continues
to get progress over time so that this advanced technology can be used in
various life aspects in society such as personal identity security, land and
property ownership registration, and gold tracking digitally, digital assets,
and also to encounter the children trafficking as stated in the UN (United
Nations) program. In addition blockchain technology can also be used for open
source software that can be enjoyed by many people for free.
Benefits of Blockchain's usage are the
results of Blockchain exploration carried out by several major technology-based
companies in the world such as IBM, Hyperledger, Microsoft, Oracle, MasterCard,
and many more technology and banking companies participating in the development
of Blockchain technology in the world. It seems Blockchain technology as the
technology of the future is not a mere figment, this can be seen from the trip
and track record of the use of Blockchain until now.
Usefulness of Blockchain above can proof
that Blockhain is able to be answer to the problems that occur in the world
community.
HELBIZ As A Blockchain
Transportation & Data Sharing System
General
Description of Helbiz
Todays as above described that blockchain
can support revolution in many aspect including for this transportation sector
the blockchain can minimize conventional ride sharing transaction fees. By switching
the sharing economy to the Blockchain’s decentralized network, environment are getting
democratize the platform for the benefit of active contributors of ecosystem.
Conventionally,
centralized sharing economy platforms possess two key roles in sustaining the
sharing economy:
1.
The
platforms connect buyers and sellers through a technology platform;
2.
The
platforms provide a secure and trusted environment for the final user.
However, by implementing Blockchain
technology in the collaborative economy then it is no longer necessary for a
central authority to ensure that the terms and conditions are met and that
transactions are carried out accordingly with customers. The distributed ledger
technology can provide smart contracts, digital identities linked to a publicly
viewable user reputation systems and digital currency payments, all of which
alleviate the need for a central authority. By using Blockchain technology in
this transportation system can lead to potentially reduce transaction and trust
costs that prevent car owners from monetizing their vehicles and driving data. This
is below presented the contribution of Helbiz which aims to create value
automating three key areas:
1.
Shared
ownership of the vehicles
2.
Services
associated with the vehicle utilization;
3.
All
the data that’s produced from the vehicle use
The Helbiz coin (HBZ) is a
cryptocurrency aimed at being in the center of all transportation service
transactions globally, from peer-to-peer bike rentals to public transportation
and even private jets. It is also the preferred currency on the Helbiz Platform
and the mission to make it a universally accepted transportation payment
method. The Helbiz Mobility System is created in 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.
The system connects car owners, renters
and service providers through a simple, easy to use inter- face. 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.
Helbiz also is able to allow privacy,
trust among parties and eliminate various forms of fraud. Through recording and
constantly updating all data of a particular vehicle; such as mileage, damage
history and GPS data and protecting it in the blockchain, it prevents for
example odometer & title washing fraud.
There is other opportunities offered by
Helbiz to user in form of data trading, it means data that is owned and
controlled by user can be exchanged with Helbiz Token to other parties that
need the data. Those parties can be insurance companies or research companies.
This is a good and direct benefit will be obtained by Helbiz user.
Below is presented in
figures the architecture platform of Helbiz :
Figure: High Level Architecture of Helbiz Mobility
Platform
Table
1. A summary of Helbiz Blockchain based Platform advantages compared to
conventional methods
Principle
Operation and Use Of The Helbiz System
To use the Helbiz system, just simply to
carry out below actions :
1.
BROWSING CARS
Access to mobile application to
search for available vehicles nearby;
2.
DO VERIFICATION
The system
will guide user through the verification of user digital identity. At the same
time, the vehicle owner will need to verify their identity
as well;
3. ACCEPTING TERMS AND
CONDITIONS
To
further continue using the system, user will
be requested to accept the terms and conditions,
such as the fare and duration of the rental, and purchase an insurance policy covering the trip, through
an immutable intelligent contract;
4. ALLOWED TO DRIVE THE
CAR
User smartphone will
have remote key access and allowed to drive the car once the terms and
conditions have been agreed and the smart contract has been verified;
5. PAYMENT
The payment will be carried out at the
end of
the duration of the rental, it will be deducted directly from user
digital wallet and will be transferred to the owner of the vehicle.
The process is very simple, it is shown and
described also below the transaction scenario of Helbiz :
1.
A
smart contract verifies the following conditions: ownership of vehicle,
willingness to share it with customers meeting the minimum reputation score,
and specific conditions of the vehicles availability;
2.
Any
individual wishing to rent a vehicle needs to meet above criteria, then
unlocking the doors for rental, and then allowing the start of the engine;
3.
The
renter will have the option to share his data and be rewarded accordingly;
4.
The
contract will also facilitate payment using HelbizCoin, a dedicated currency
for the purpose that will allow participants to avoid financial transaction
fees coming from the use of money in a
traditional ecosystem – for instance, the fees we pay to Mastercard and
Visa.
This Helbiz System which is used
Helbizcoin (HBZ) can be exchanged with other major cryptocurrencies such as
Bitcoin, Ether, Litecoin, Dash and ERC20 tokens and also can be exchanged into
fiat currencies in the future.
Economic
View Of Helbiz
In order to deliver a viable business
model for the long term, HelbizCoin IS established to be a pay-per-use model
for getting onto the Helbiz Mobility System or for using services available on
the platform. Helbiz will drive revenues through tools and services on the
Helbiz Mobility System.
According to long-term view, below are
presented the forecast of some revenue streams:
1.
Commission
from the price the end user is paying for the rental, a fraction of current car
sharing services;
2.
Commission
from the price the service providers are paying directly to the users to share
their data;
3.
“Exchange”
fees for using the internal exchange to convert major cryptocurrencies into
HelbizCoin;
4.
Commission
on the digital locks;
5.
Other
services for the car owners. The company has access to a lot of data (e.g.
usage, status) that may be using to sell additional services to the vehicle
owners (e.g. time to check the brakes).
Here will be presented also the token
specification in table:
To start in the beginning, Helbiz are
issuing the token for further financing purpose. There are 520.000.000 HBZ
tokens of the 1 billion total supply provided by Helbiz. The token will be
managed to below purpose as in figure:
While the funds raised will be used for purpose
as described in below:
Helbiz
Project
Helbiz System will be developed within a
timeframe which has been arranged in a Roadmap, here it is:
Behind an idea in form of Helbiz project
here, there are certainly a great team to concept, design, plan and further
execute the project. Below are introduced the project team:
1. Salvatore
Palella, Founder. President & founder of Helbiz inc. brings a decade of
experience in finance & investments.
2. Armando
Calvosa, Co-Founder. A serial entrepreneur, crypto expert and founder of an
established digital marketing firm specializing in and advising blockchain
startups and ICO’s.
3. Milos
Citako, Co-Founder. Milos brings a decade of experience building consumer
facing technology products and is in charge of product development.
4. Michele
De Buono, General Advisor. +15 years in development and management of ICT
startups and large companies, senior innovations manager in Cybersecurity
strategic projects and expert in Public funds.
5. Michael
Coppola, Strategic Advisor, Business operator, investor, advisor. A decade
experience in mobile & enterprise technology. Held leadership roles with
$200M+ exits, & raised over $100M in capital for startups
6. Justin
Giuliano, President Blockchain Operation
7. Jonathan
Hannestad, Strategic and Creative Director
8. Giulio
Profumo, Investor and Advisor
9. Stefano
Ciravegna, Crypto Advisor
10. Jelena Stojanac, Community
Manager
11. Nemanja Stancic, Head of
Engineering
12. Elia Fedorovski, Head of
Growth
Below are further information
to explore about Helbiz :
Issuance Date : 2 February 2018
Address : 19 Cecil Street #04-01, Singapore,
Singapore
