Cycle4Value - Development of a blockchain-based reward system to force cycling

2019/09/01

Cycle4Value - Development of a blockchain-based reward system to force cycling

In this 2-year FFG MdZ (mobility of the future) project Cycle4Value, a transparent and low-threshold reward model for promoting cycling based on the key technology blockchain is being researched and tested in practice for the first time. The economic, health and ecological benefits/effects of cycling are presented in a comprehensible way and, after a plausibility check using machine learning, converted into a real value (=cycle tokens). These value units are stored in a digital wallet and can be redeemed in a test marketplace. The research project surpasses conventional incentive systems because, on the one hand, both the storage of the value units and the redemption process are decentralised, tamper-proof and transparent and, on the other hand, the real economic benefit of active cycling is fairly monetarised.


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