eTukTuk – The blockchain network flips the switch on transportation.

eTukTuk – The blockchain network flips the switch on transportation.

With each passing day, carbon emissions from global transport use grip the planet tighter, exploiting an already broken system; with users forced to pay a high price for the dwindling, limited fuel supply. Air pollution from important carbon particles caused by transport causes ill health and shortens life globally.

While progress has been made in the developed world to bring private transport to a sustainable (if not universally affordable) level, developing countries are being left behind, causing a black hole across many economies struggling to afford the transition to cleaner alternatives for affordable bulk transport.

Yet one company seeks to change the way the world uses and interacts with transportation. Their mission begins with TukTuk in developing countries, where 63% of the world’s carbon emissions come from, and where three-wheeled transport is dense.

eTukTuk – in a different device

After announcing the news of its launch at the World Economic Forum in Davos, eTukTuk – the world’s first car project built on Cardano – has found its place on the blockchain, and looks to help millions of people who currently live without accessible or affordable transport, according to CEO Ryan Fishoff.

Making the most of blockchain smart contracts to provide smart, fast and efficient payment services to users of the network, eTukTuk will leverage technology to provide drivers and network participants participating in “Power Staking”, as well as “Territory Partners”, and investors , to make transport work for everyone.

One of the biggest aspects heralding the revolution of outdated systems will be the charging stations. eTukTuk has designed Electric Vehicle Supply Equipment (“EVSE”) to bring charging infrastructure into countries that lack this technology. These will form the backbone of the eTukTuk network, according to Fishoff, who recently spoke with Alfred Moesker of the Hotel Cardano Podcast. – We are building something completely unique here.

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Alongside much-needed infrastructure for easily accessible charging facilities, the affordable proprietary eTukTuk vehicle itself is built with a roll cage and designed from fewer than 200 components, according to Fishoff.

Why Blockchain?

eTukTuk’s Chief Blockchain Officer, Jason Ridgeway-Taylor, has stated that “transparency, security and traceability on Cardano’s blockchain are all important fundamental benefits for any user or driver participating in the network. However, Cardano’s number of transactions per second (which varies in the hundreds) , the ability for drivers to have a digital identity and the benefits of a sharing economy are key components that will make the system notable for its wider use in what is today – in places like Sri Lanka, for example – a ‘cash-heavy’ society.”

While many in Sri Lanka already have access to bank accounts, with 85% of transactions carried out in cash, payment systems there are restrictive. Therefore, eTukTuk proposes to bridge the gap. Drivers will be able to pay into the system using fiat – wherever the network is set up in the world.

Who are the people behind eTukTuk?

The team – mainly based in the UK, with additional global staff in strategic locations – will concentrate on expanding the accessibility of the network, by pre-selecting the most advantageous locations for charging stations in each region. With the help of local and official partners already in place, eTukTuk will also rely on “Territory Partners” to manage the stations and help expand the network; making the most of their local knowledge to ensure infrastructure is installed in the most needed locations.

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The project already has the support of the Mayor of Colombo, Her Worship Rosy Senanayake, who has supported the project and its foundation in Sri Lanka.

White paper announced

eTukTuk has today announced the launch of their white paper which describes the mission and the system it will use. An eager section of the eTukTuk community has long awaited its arrival, and the excitement generated by its release is an indication of the anticipation for this kind of progression in transportation across the globe.

How it works

As the network grows, the rewards will also increase as the safe, clean and fair transport model is widely adopted. eTukTuks will be safer than the current standard, with a patented roll cage design, and a driver’s quality of life will also improve as the level of take-home pay can increase by up to 400% – the savings from the cost of owning and operating an eTukTuk.

The eTukTuk team say they hope to completely revolutionize transportation as we know it; make it affordable and accessible to those in developing countries who are trapped in a vicious and endless cycle; paying the high price to fuel their only mode of transportation. More information about the project can be found in their White Paper. Anyone can join the revolution, find eTukTuk on Twitter @eTukTukioor find out more at

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent Bitcoinists. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.

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