A blockchain connected motorbike: what Web 3.0 means for mobility and why you should care

Asia's Tech News Daily

Motorcycle,  scalable economy, blockchain technology, NFT , the circular economy, Follow @shift_tnw

We’ve been hearing about the potential of for years – where information is distributed across nodes, making it more resistant to shutdowns and censorship. Specifically, its foundation lies in edge computing, artificial intelligence, and decentralized data networks.  But what we haven’t talked enough about, is the massive impact Web 3.0 will have on mobility.

Web 3.0 aims to build a new scalable economy where transactions are powered by blockchain technology, eschewing the need for a central intermediary or platform. And in the mobility space, there are lots of things happening.

Um, but how does Web 3.0 relate to mobility?

Over the next few weeks, I’m taking a look at a bunch of startups that are integrating mobility and the potential of Web 3.0 into their product offerings in interesting ways.

For the sake of brevity, I’m going to assume that if you’re reading this far without your eyes glazing over, you probably have a basic, if not working, understanding of Web 3.0 and blockchain tech.

However, the main thing to know about Web 3.0 is that aims to build a new scalable economy where transactions are powered by blockchain technology, eschewing the need for a central intermediary or platform.

Beyond that, don’t worry too much about it. I’m going to dumb it down a bit and include plenty of juicy links for added context (and not just ones written by the companies themselves shilling their products).

So let’s dive into one of the ways Web 3.0 has already begun to alter mobility.

Introducing Pave Motors and their electric motorbike

Motorcycle,  scalable economy, blockchain technology, NFT , the circular economy, Follow @shift_tnw

Pave Motors is a mobility company founded by two brothers that produces an electric “fusion of bike and motorcycle.” But its sleek  ebike isn’t the only ace up the company’s sleeve, as it’s also doing some nifty things with data and sharing.

I spoke to founder Nicolaus Nagel, who founded the company in 2019 with brother Caspar Nagel. He told me the bike was a convergence of his passions for ebikes and blockchain tech. He shared:

The scooter industry is over 100 years old, but little has changed — internal combustion engine step-through scooters are still the norm globally. Growing up in Berlin, we always wanted the capability to move around the city quickly and easily. After we moved to Brooklyn, we discovered advancements in electric drive trains and batteries, which opened the opportunity for a new two-wheeler. 

Sounds promising, so let’s take a quick look at the bike’s functionalities. It weighs just under 10 kilograms and can operate at a maximum speed of 48 kmph (30 mph) and a range of between 80 kilometers and 105 kilometers (50 to 65 miles).

A 50.4 V 39 Ah lithium-ion battery powers the bike and can be charged up to 80% in just 90 minutes or fully charged in three hours. 

So where does the blockchain Web 3.0 come into it?

Pretty cool overall… but where does the blockchain Web 3.0 come into it? Well, according to Nagel there are several central tenants:

1. Secure ownership

Pave Bikes connect to a private blockchain network. When you get your bike, you receive a non-fungible token (NFT). This is effectively a private key or token-based on . It is used to unlock the ebike via the Pave+ App.

To be exact, the Pave mobile app is technically a dApp, a  connected to the blockchain. It enables riders to securely authenticate their proof of purchase and access their bike using Bluetooth, even without an internet connection. 

You’ve probably heard those stories of people  to locate a missing bike? Even when they find it, they usually need a bunch of documentation to prove they are the owner. The team at Pave Motors is betting on blockchain to get rid of the unnecessary hassle.

Further, the digital key helps stop bike theft. Ok, it doesn’t chain your bike to a lamppost. But the private key means that any theft leaves the offender with an unusable ‘dumb’ motorbike. 

2. Peer-to-Peer sharing

Bikes from established ridesharing companies can have low mileage, limit your geography with geocaching, and the hourly fees can really add up. 

However, there are few services available that enable you to rent out your own ebike. In my research, I could only find one, , which is limited to Europe and includes services fees for the hirer and hiree. 

Pave is creating an easy way to share your bike with others. An ebike is a pretty significant investment, so it follows that even if you know the person you are renting it out to, you want an easy way to manage the rental. Internet-connected stuff is great until you want to share the connectivity with someone else (I at least struggle with sharing my smart home devices every time I get a cat sitter).

Further, Pave makes it possible for bike owners to securely share their bikes with other riders without the need, either for free or in exchange for payments in cryptocurrencies or USD.) They can create their own custom smart contracts. Users can also complete challenges to earn Pave rewards to receive discounts and special offers. Pave rewards are ERC20-based tokens to use within the Pave network.

“This capability has attracted a lot of interest,” Nagel told me. “Not only from people interested in crypto and blockchain but also bike enthusiasts who like the idea of an easy way to share and track their bikes.”

Motorcycle,  scalable economy, blockchain technology, NFT , the circular economy, Follow @shift_tnw
Pave electric motorbikes open the potential for connected mobility.

3. The IoT data economy is pure Web 3.0

One of the most interesting aspects of Pave for me, is that the platform is built on the . Each bike runs on a light Streamr node which unlocks the Pave bikes’ V2X (vehicle-to-everything) functionality. 

As a result, the bikes can interact with network service providers, the environment and infrastructure around them (V2I), or even with other bikes (V2V). There’s a future capacity for decentralized fleets. 

Building on Streamr removes the need to use centralized message services like AWS or Google Cloud for data transport.

The opportunity for new data monetization

Think of the number of sensors and data entry points on an ebike and the associated devices and equipment. What if this data could be part of a larger machine economy? IoT-connected devices could trade between them storage, computation, analytics, sensor data, and even electricity.

Streamr has developed a new and data economy where IoT data can be bought and sold. This provides the capacity for Pave users to share and potentially monetize their transport data. Bikes generate data such as routing, road congestion, and mechanical feedback.

Pave owners could hypothetically sell this data. Potential customers include city planners, road maintenance authorities, highway agencies, and various suppliers from tire makers to brake manufacturers.

Further, more and more bike companies are looking at the idea of the circular economy. In these, the relationship between materials suppliers and bike makers is evolving. And the value of data becomes even greater in design and material innovation. 

It’s been a long road for Pave. According to Nagel, there have been seven prototypes and over 50 concepts. But now, they are in pre-production and open for pre-orders. Pricing starts at $108 a month or $3,900.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


IRS will soon require a selfie to file your taxes

Paying your taxes online in the US is about to get a whole lot more difficult as the IRS has revealed that taxpayers’ existing credentials will no longer work beginning ... Read more »

7 companies to recall more than 29,000 vehicles over faulty parts

SEOUL, Jan. 21 (Yonhap) — Audi, BMW and five other companies will voluntarily recall more than 29,000 vehicles to fix faulty components, the transport ministry said Friday. This is the ... Read more »

Neil Armstrong: First man on the moon

© Provided by Space null Neil Armstrong was a NASA astronaut and aeronautical engineer. He famously became the first person to walk on the moon on July 20, 1969 during ... Read more »

FAA estimates 78 percent of US planes can land at airports with 5G C-band

© Photo by Nicolas Economou/NurPhoto via Getty Images There were concerns some altimeters might not properly filter 5G signals. The FAA has announced that an “estimated 78 percent of the ... Read more »

Historic Mars weather delay pushes Ingenuity helicopter's next flight to Sunday

© Provided by Space Images acquired Jan. 9, 2022, from the Mars Color Imager instrument on NASA’s Mars Reconnaissance Orbiter were combined to create this view showing the presence of ... Read more »

Axiom's 1st private crew launch to space station delayed to March

© Provided by Space The International Space Station as seen by astronauts aboard a SpaceX Crew Dragon spacecraft on Nov. 8, 2021. Houston-based Axiom Space now plans to launch its ... Read more »

With Activision Blizzard deal, Microsoft's Game Pass is now a huge problem for Sony

Microsoft (MSFT) is sitting pretty as a reborn gaming juggernaut thanks to its pending $68.7 billion acquisition of Activision Blizzard (ATVI). The deal, announced Tuesday, gives Microsoft access to Activision ... Read more »

Native American tribe, New Mexico ink water leasing deal

ALBUQUERQUE, N.M. — A Native American tribe has agreed to lease more of its water to help address dwindling supplies in the Colorado River Basin, officials announced Thursday. The agreement ... Read more »

What does the Microsoft-Activision deal mean for Sony?

Yahoo Finance’s Daniel Howley details the impact Microsoft‘s acquisition of Activision has for the video game space and competitors like Sony, cloud gaming innovations, and the benefits this deal holds ... Read more »

Boris Johnson's removal would be a chance to reconsider Brexit, says Heseltine

Lord Heseltine speaking at an anti-Brexit rally (PA) Boris Johnson’s removal from Downing Street would be an opportunity to reconsider Brexit, Conservative grandee Michael Heseltine has said. The prime minister ... Read more »

Sling TV is now streaming on Vizio TVs - here's how to get it

Big news for cord-cutters: Vizio has announced that its SmartCast platform will now have direct access to a native Sling TV app. Before now, it was possible to cast Sling ... Read more »

Steam Deck works 'flawlessly' on nearly half the PC games tested so far

We’re starting to get a look at how well Valve’s forthcoming Steam Deck handheld is handling some of the best PC games going, and so far it looks like it ... Read more »

A new Google AR headset? Just don't call it Google Glass 3.0

Google is reportedly making a new AR headset — and this tech junkie is having flashbacks. This was me in 2013, an idiot greeting the world while wearing a monocular ... Read more »

TikTok marketing lead behind its NFTs and ghost kitchens no longer at the company

© Illustration by Alex Castro / The Verge TikTok has had some… interesting marketing campaigns recently. Nick Tran is no longer TikTok’s global head of marketing, reportedly because the company ... Read more »

Twitter brings NFTs to the timeline as hexagon-shaped profile pictures

© Image: Twitter.com Twitter NFT profile pictures Twitter said in September that it would add a way for users to authenticate non-fungible tokens (NFT), and now the feature is live ... Read more »

Don't sleep on Casper's huge bi-annual sale—save up to 50% on mattresses, duvets and more

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Few things feel better than a great night’s sleep on a ... Read more »

The Queen's ‘forgotten castle' in Windsor behind William and Kate's rumoured move out of London

(David Goddard/Getty Images)) The Duke and Duchess of Cambridge are rumoured to be considering a move familiar to many young families, out of central London and into the Home Counties. ... Read more »

How cold is it going to get tonight?

Widespread frost is expected across the UK. (PA) Some parts of the UK could face their coldest night of the winter on Thursday, with temperatures going as low as -7C ... Read more »

NordVPN admits it does sometimes share user data with law enforcement

NordVPN has clarified its position regarding whether or not it will comply with information requests from international law enforcement agencies. As reported by PCMag, the VPN provider reached out to ... Read more »

How to watch The Apprentice 2022 episode 3 online for free in UK and abroad

Beginning with a shock exit and segueing into a drinks-related task, this week’s episode promises to be a dramatic concoction. Find out who Lord Sugar sends packing next with our ... Read more »

Capital One's luxury travel card, the Venture X, can deliver a $1,000 signup bonus

— Our editors review and recommend products to help you buy the stuff you need. If you sign up for a credit card after clicking one of our links, we ... Read more »

‘Hitler should have killed you all': Woman accused of threatening and spitting on Jewish children in New York

‘Hitler should have killed you all’: Woman accused of threatening and spitting on Jewish children in New York New York police are searching for a woman accused of threatening and ... Read more »

Tory MP Wades Into 'Blackmail' Row... And Makes Everything Even Hairer

Tory backbencher Michael Fabricant has commented on the blackmail claims (Photo: NurPhoto via Getty Images) Tory backbencher Michael Fabricant shared his own take on the alleged blackmail said to be ... Read more »

Government scientists monitoring new BA.2 variant of Omicron

The nature of the new Omicron variant means it may be harder to detect. (PA) The government has confirmed it is monitoring a sub-variant of Omicron that scientists fear could ... Read more »

5 Reasons You Should Still Be Wearing Your Face Mask

(Photo: Images By Tang Ming Tung via Getty Images) Plan B rules are being scrapped from January 26, meaning working from home rules will end and face masks will no ... Read more »

Kate Middleton and Prince William Surprise Healthcare Workers — and Meet a Cockapoo Therapy Puppy!

The Duke and Duchess of Cambridge visit to the Clitheroe Community Hospital PA Images/Alamy Stock Photo Kate Middleton and Prince William Kate Middleton and Prince William are championing the mental ... Read more »

Keep your makeup looking flawless despite dry skin with these amazing products

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. You may feel like your dry skin is a blessing in ... Read more »

Shop deep discounts on Staub, Le Creuset and GreenPan at Williams Sonoma's huge Warehouse sale

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. There’s no better time than now to elevate your cooking experience ... Read more »

Windows 10 and 11 get a fix for search-breaking Outlook bug

Some Windows 10 and 11 users have been suffering at the hands of a strange Outlook bug which affects the search facility in the desktop email client, but a resolution ... Read more »

The highly anticipated 'Lord of the Rings' series finally has a name—here's how to watch

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. There and back again—it’s almost time to return to Middle Earth. ... Read more »

NYC Mayor Adams will convert his city paycheck to cryptocurrency via Coinbase

© Photo by Astrid Stawiarz/Getty Images for Brooklyn Academy of Music NYC Mayor Eric Adams will convert his paycheck into cryptocurrency Following through on a plan he announced before he ... Read more »

Updated daily: Here are the 10 best Amazon deals today

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Every day, we scour Amazon to find the best deals available. ... Read more »

Activision Blizzard CEO thinks Guitar Hero and Skylanders could be revived by Microsoft

Activision Blizzard CEO Bobby Kotick has said the publisher’s acquisition by Microsoft could see the revival of the classic rhythm game series Guitar Hero. Speaking to VentureBeat about the new ... Read more »

Prezi review

Online presentation tools have evolved a lot over the last decade, with the advancement of various rich web technologies that have enabled developers to do everything they want within the ... Read more »

Today's best Super Bowl TV deal is this 70-inch 4K TV on sale for just $599.99

The Super Bowl is less than a month away, and if you’re looking for a killer deal on a big-screen TV, then you’ve come to the right place. Best Buy ... Read more »

Xbox backwards compatibility sale:10 hidden classics to buy right now

Microsoft is currently running a massive sale on classic Xbox and Xbox 360 games, with over 100 of them going for cheap and playable on your Xbox One or Xbox ... Read more »

Many game developers hate NFTs, too

© Image: Ubisoft Ubisoft’s NFTs, pictured here, received a critical reception when they were announced. NFTs have been a contentious topic in the video game industry as of late. Fans ... Read more »

Microsoft Teams emoji are about to get more annoying than ever

If you’ve ever felt that you just can’t express yourself enough on a Microsoft Teams call, then a new update coming to the platform could well be the answer. The ... Read more »

Tory Burch is offering impressive markdowns on its iconic purses, shoes and clothing

— Recommendations are independently chosen by Reviewed’s editors. Purchases you make through our links may earn us a commission. Take your winter wardrobe to the next level with fashionable finds ... Read more »

Nadal vs Khachanov live stream: how to Australian Open tennis 2022

Rafael Nadal is 5-0 in competitive matches since his return from injury, but he’s yet to face opposition as tough as fellow power-hitter Karen Khachanov, who’s looking to build on ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic