Fetch.ai and Datarella Launch Microbility Marketplace Creating An Incentive Scheme for Sustainable Urban Mobility

Nov 16, 2021

The MOBIX Token, a token on top of the native Fetch.ai ledger, will incentivize the use of micromobility services in metropolitan areas

Cambridge — Fetch.ai (https://fetch.ai/), a Cambridge-based artificial intelligence lab building an open-access decentralized machine learning network for smart infrastructure, in partnership with Datarella (https://datarella.com), a company providing industrial blockchain solutions, announced today the launch of MOBIX Micromobility Marketplace. The marketplace offers solutions to help accelerate the technical innovation of micromobility-related services for the future.  

The global population is estimated to reach 9.7 billion by 2050, with almost 68% of the world predicted to reside in urban areas. With the increase in population, Micromobility services such as e-scooters and bicycles have emerged as a solution to transportation control and urban environmental concerns. The MOBIX Microbility Marketplace has been designed to incentivize global citizens to play a greater role in becoming a part of that solution. It rewards users for utilizing micromobility services aimed at reducing urban congestion, smart cities initiatives, and reducing pollution.

The MOBIX Marketplace aims to connect micromobility service and infrastructure providers with end-users and professional users of micromobility in order to solve the transportation challenge in metropolitan areas. Utilizing Fetch.ai’s distributed ledger technology, MOBIX users can earn MOBIX Miles by recording their micromobility trips. MOBIX Miles can then be converted into MOBIX Tokens which can be used for future micromobility trips, or traded at cryptocurrency exchanges. In this way, urban residents receive a financial reward for using micromobility, driving sustainability initiatives and contributing to the growth of micromobility industry at large. 

“This partnership aligns with our long-term goal of creating an entirely autonomous agent-based digital economy,” said Humayun Sheikh, CEO of Fetch.ai. “The micromobility industry needs to enable more autonomous solutions and this requires building the infrastructure to make it commonplace. Fetch.AI is building the deployment infrastructure which will bring the growing micromobility ecosystem to life.”

“MOBIX isn‘t just another token-based project – MOBIX is the first project ever leveraging a combination of blockchain technology, Self-Sovereign Identity SSI, and AI to globally incentivize eco-friendly, sustainable mobility behaviour. We are proud that MOBIX makes a contribution to the global climate goals,“ said Michael Reuter, CEO of MOBIX and Datarella.

In preparation for this launch, MOBIX has also launched its MOBIX Stakedrop. This will allow owners of FET, the native token of Fetch.ai, to receive the first batch of MOBX Reward tokens, by staking their FET on the Fetch.ai mainnet. The stakedrop will begin in October and will end on December 20, 2021. 

To learn more about the MOBIX partnership of Fetch.ai and Datarella please visit www.mobix.ai.

About Fetch.ai

Fetch.ai, a Cambridge-based artificial intelligence lab, is building the infrastructure required for autonomous software agents to begin performing useful economic work on behalf of individuals, machines, businesses, and organizations. Fetch.ai’s network is based around open-source technology and gives users access to the power of AI on a world-scale secure dataset to carry out complex coordination tasks in the modern economy. For more information, please visit https://www.fetch.ai.

About Datarella

Datarella GmbH is an established provider of Web3 Solutions. The company was founded in 2013 with its headquarter in Munich. With its subsidiary Baltic Data Science, headquartered in Gdansk, Poland, Datarella builds Web3 Solutions – leveraging Blockchain technology, Self-Sovereign Identity SSI, Decentralised Data Marketplaces, Autonomous Economic Agents AEA, and Artificial Intelligence AI. With these technologies, Datarella provides its partners with the foundational, underlying layer for their digital business transformation. Datarella’s key customers include the United Nations World Food Programme, UK Aid, Siemens, BMW, Daimler, and Bosch. For more information on Datarella please visit: https://datarella.com