bloxmove FAQs

bloXmove is a newly founded venture with headquarters in Ireland and Germany. Our product, the bloXmove Mobility Blockchain Platform, was incubated by Daimler Mobility (the parent company of Mercedes) and this is also the background of our founders and board.

bloXmove will provide an open mobility protocol based on the BLXM token. By earning or holding this token, companies can connect their vehicles to bloXmove to offer decentralized mobility services. Users can consume these services with BLXM.

Our Singapore entity, which will launch the token, will be completely governed by the community: all important decisions will be voted on. That means holders of BLXM tokens who have staked their tokens with registered wallets can decide where the foundation invests and what initiatives it supports.

The short answer is that bloXmove will be like a “Star Alliance for Mobility”. Mobility service companies can use bloXmove to bundle and resell services from other providers. It is like a sharing economy for B2B; blockchain and decentralized technologies are very good at this. This allows them to create much deeper products. For example. a scooter company can sell full Berlin mobility to their customer through their own app—including car sharing and taxi—without losing their customer.

For the customer, there is no need to re- and re-register. Everything is handled with one ticket (verified credential). This means customers do service roaming, where they only register once and then can use all services without any additional overhead. bloXmove handles all the logic and takes a small transaction fee.

Imagine a company owning 30 electric Tuktuks in Cambodia. They can license a simple “smartBOX” which they connect to the wiring of the vehicle. The company then receives a simple SDK (software development kit) from us. They use this SDK to give access rights to the vehicles to their customers. All identities (company, customer and car are based on DID). This means we can control and verify identity and access rights in crypto. Our platform handles everything!

The owner simply connects the vehicle to the platform and uses our SDK to issue tickets to their customers. These tickets can either be expressed as NFTs or as verified credentials based on the DID standard. BloXmove verifies access and receives BLXM tokens from the customers. We pass the customer fee to the owner of the Tuktuk. For this, the Tuktuk company needs to implement the platform transaction fees in BLXM.

Our business model is simple: we charge transaction fees while offering numerous advantages to service providers:

1) Together, operators scale by creating one shared platform
2) The platform is not controlled by any one centralized company (e.g. UBER, Didi)
3) Customer relationships are maintained by each operator
4) Customers are not restricted to a single vendor
5) Transaction fees are kept low as those with the customer relationship maintain the negotiation power

We are starting in Germany and the Netherlands, simply because we already have partners there who wish use our platform. However, we will definitely extend our reach into Asia Pacific and China soon.

At the time of writing we have three venture companies who are invested in the seed round:

1. Outlier Ventures: one of Europe’s most famous acceleration companies in the crypto area
2. Blockwall.capital: Germany’s first crypto fund
3. Master.Ventures: a Singapore/Thai venture operating the PAID Ignition launchpad

On this use case we are working with one of Germany’s four Transmission Service Operators (TSOs), or energy network backbones, in addition to the Energy Web Foundation.

• Car batteries can be adapted to work bi-directionally: E-vehicles become rolling batteries that can participate in grid balancing
• Fleet companies can provide new energy services which generate new revenue streams
• The precise documentation in the blockchain ensures certified 100% green energy and enables smart resource utilization which has a fast CO2 impact – these support the sustainability targets of governments and companies

BLXM is used to pay for the access control and mobility services of the platform. Companies buy BLXM to be able to pay for the transactions on their services. Users buy BLXM to pay for these services.

A healthy token protocol can only be achieved with an active and engaged community—you! At the time of writing, we are starting our community building. One aspect is AMAs to drive awareness. We have also started our Telegram group and Twitter channel. Every two weeks or so we will publish a Medium article based off our White Paper. By engaging our community partners, running campaigns and contests with top tier content, we plan to rapidly expand our global community.

1. We have signed up six live pilots with leading industrial players;
2. We are looking forward to a successful token launch;
3. We aim to deploy our platform as the platform of choice in the Netherlands Mobility as a Service ecosystem.

(We are also looking forward to showcasing the result of our stealth project with a major Chinese Blockchain group at the Shanghai Blockchain Week!)

We plan to launch in the second half of September, with full marketing efforts in the weeks prior. Leading up, we will grow organically by working on our core software, deploying the first live pilots, and closing many more partnerships. Our goal is to announce strong news stories every week if we can, with a few surprises along the way!

bloXmove.com is a “protocol economy” platform, where revenue primarily comes from transaction fees. These can be paid in BLXM or fiat.

For our corporate customers, we will also offer bloXmove as a SaaS (software as a service) model, which will result in recurring revenues such as monthly membership fees or subscription fees for connected vehicles.

We will scale globally and pursue our transaction fee model on two parallel channels:

1️⃣ Corporate (as above), and;

2️⃣ A true #crypto protocol economy: our platform handles access control, identification, contract signing and billing for decentralized assets. This means owners can connect their assets (e.g. cars or charging stations or scooters) through a hardware-wallet (HW-wallet) and a DID. bloXmove handles the full transaction from signing to access control, return of assets and settlement. To execute such transaction, the customer will need to pay or stake BLXM tokens.

There is a future in which vehicles and all devices are:

C — Connected.
A — Autonomous. Self driving vehicles are here, and vehicles as well as charging stations contain wallets and can act as autonomous economic agents.
S — Services are how mobility is delivered. Less and less people will own cars, except as a hobby, and will instead use services to move. Use ALL, own NONE.
E — Electrification will completely change the way cities will sound (think how silent traffic will be in a world of 100% electric vehicles). Electric vehicles will also contribute to life quality as there will be no more emissions within cities.

1️⃣ We enable individual companies to collaborate and scale together: this is the power of decentralized platforms vs. centralized monopolists such as UBER, DIDI, and Amazon. These centralized platforms provide service to the end customer but take all the value added and leave very little to those who actually deliver the service. We empower individuals and companies to come together, collaborate and realize their profits for themselves.

2️⃣ Our unique token design, which combines a decentralized protocol with smart mechanisms derived from DeFi protocols to balance liquidity and manage the value of BLXM on an ongoing and sustainable basis.

We will revolutionize mobility by making the delivery of services completely decentralized. People will be able to connect cars, scooters, charging stations, or Volocopters through blockchain and DID protocols.

There will be no more intermediaries or gatekeepers – just the power of the protocol economy. Business can be conducted independently of aggregators and all resources can be accessed through the security and trusted channel of blockchain and Decentralized Identifiers (#DID).

A picture is worth a thousand words: have a look at the founding team and our advisors. Also recall that we were incubated by Daimler Mobility. Daimler is one of the world’s most respected German companies and famous brands.

We’re confident we have the talent and backing to succeed on our mission!

Transaction fees are a problem, especially in the Ethereum-based cryptoverse. This is a problem of the base layer, Ethereum in this case, which is outside our scope of influence. That is why we will move our main net over to another layer-1 chain after the launch of our ERC20 token. We are currently in negotiations with three major layer-1 solutions, all of which have lower fees than Ethereum.

Regard slippage, this is typical for liquidity pools which are just not deep enough. We will provide enough depth to the liquidity pools to reduce the effects of slippage.

The total supply of BLXM is 50 million tokens—there will never be any more. The foundation treasury will hold 54% of the supply. On launch date, we will complete an IDO of 800.000 tokens on PAID Ignition by Master Ventures and then operate the DEX on Uniswap or Balancer.

Full tokenomics will be provided ahead of the TGE (token generation event).

We have already provided our smart contracts to a reputable auditing firm. We will publish the audit results before the launch and will continue to monitor activities on an ongoing basis.

At the time of writing there are no competing decentralized platforms we’re aware of. We are truly unique in the use case and technologies applied.

Our unfair advantage: we enable individual companies to create collaborative analysis and scale together. This is the power of decentralized platforms over centralized monopolies such as UBER, DIDI, and Amazon. These centralized platforms provide service to the customer but take all the value and leave very little to those who actually deliver the service.

Another advantage is our unique token design, which enables individual companies to easily connect their devices, such as cars or charging stations, to our protocol. Our protocol then fully enables them to conduct business in the token protocol economy.

bloXmove builds a bridge between the crypto and business world. Our blockchain product will bring real value and impact not only to businesses but individuals as well.

bloXmove will be operating a permissioned layer-2 network where all identities are verified and checked according to:
a) KYC standards;
b) DID cryptographic protocols.

Our layer-1 network will utilize an existing, leading public blockchain.

Yes! We base our layer-2 validation on staked BLXM. We will also reward staking and locking tokens with our internal treasury by continuously issuing BLXM to staking pools.

We will also operate and provide rewards for liquidity pools.

Our Singapore entity, which is launching our token, will be completely governed by the community: all important decisions will be voted on. That means holders of BLXM tokens who have staked their tokens with registered wallets can decide where the foundation invests and what initiatives it supports.

We understand the automotive, asset financing, and mobility lifecycle. With that understanding, and blockchain experience dating back to 2013/2014, we convinced Daimler Mobility to create the Daimler Mobility Blockchain Factory which we founded and led until we spun out bloXmove.

The assignment of the blockchain software licence was due to a combination of things:

1 Daimler is in a deep process of transformation and needs to focus on its core business: premium e-mobility.

2 Ecosystems are very hard to develop by any player with a major brand. Often other brands will refuse to join such a platform. We needed a neutral venture to bring the platform to market.

3 Tech, and especially blockchain technology, has very different investment and development cycles from corporations such as Daimler or Daimler Mobility.

These factors made both sides realize that a management-buyout, and then a spin-off, were the best way to bring what was incubated by Daimler Mobility for three years to market—and to success.

Yes, we own the mobility blockchain platform. It was a management buyout—Harry, Bernd, and Sophia bought the software as the 3 founders. We departed on good terms, which you can read more about in the press release.

…as Harry said it was a joint strategic decision, that Daimler is not an investor; we agreed on a few joint pilots and projects – that’s more valuable for both sides. It is important to be independent in such a ecosystem approach.

There are two answers to that:

1. A hybrid model, catering to corporations that still use traditional accounting as their general ledger and fiat currency for their settlement.

2. A pure crypto model.

For corporate B2B customers, we offer a Corda-based Distributed Ledger which acts as the shared ledger and source of consolidated truth regarding liabilities.

We see MOBI as an ecosystem where companies meet to jointly develop standards and best practices. We will join MOBI soon and will also collaborate on that level with the many members. Note also that MOBI is a membership consortium: their revenue model relies on membership fees rather than delivering mobility as a service.

With regards to the other names mentioned, we do not really see them as competitors. They are either in very early stages or active in segments which are not in our scope for now. Most consortia out there are for “development” or “standardization” rather than actual delivery.

We use DID and associated cryptographic protocols to program our identity triangle of CCC:
Company, Customer and Car (or Charging Station).

DIDs as digital identifiers are the core of being able to verify business facts and data. Any transaction is always an agreement between two parties, that need to consent (sign) on the terms and conditions of that agreement. This is very neatly expressed through digital signatures by two identified parties.

A vehicle or a charging station also has a DID. So when you receive data from these devices,
a) you know for a fact it is that device and no other which sends you the data, and
b) in addition, the data is tamper-proof because changing even one bit would result in the digital signature by that DID to become invalid.

In short all business transactions, tickets, access tokens, invoices, and billing data are expressed through verified credentials (or verified presentations) based on DID.

Yes, indeed there are strong connections. NFTs and DIDs are very similar in that they provide a unique identity for objects which can be anchored to a blockchain. A DID is slightly more “shallow” in the sense of software capabilities. In turn, DIDs are portable across chains as they are agnostic to layer-1 technologies. However a DID can be instantiated as an NFT for execution purposes and vice versa. Cars, people, companies, tickets etc. are all subjects and objects which can be assigned a DID. Verification of credentials then assures trusted and verified statements about these subjects and that can be used as a ticketing solution that is really chain agnostic.

As you approach tokenization, collateralization, or shared ownership scenarios for assets, a vehicle will not only have a DID tied to its Vehicle Identification Number (VIN) but will also have a digital twin expressed as an NFT. This lends itself to trade, finance, and collateralization. We are working with Ontology on precisely such a “TicketMaster” solution.

BLXM will:

a) Fuel the Power & Mobility scenario, where electric vehicles act as a rolling battery buffers for spiked in renewable energy generation

b) BLXM is also the token for truly decentralized mobility

We target markets where our customers are not companies with accounting systems and fiat currencies.
Rather we are targeting the “leap frog” scenario, e.g. in Kenia, Cambodia, Honduras or Nigeria, where we provide all aspects of mobility and access control purely as a protocol. Curious fact is that the mobile banking was invented in Kenia in such a leap-froggging step (M-PESA).

We are working on two product cases – the urban mobility case which is the frontliner due to the urgent need for changes – our BloXmove solution will enable easier and more convenient alternatives, if the entry point is lower more people will use different types of mobility – less cars / less CO2.

Our second use case has a direct impact on green energy – here we connect electric devices like electric cars with the energy grids; the battery of the devices act like little storages and can support the grid with more balance and flexibility – which is a use pain point of renewable energies.

At the end we can connect both sectors – energy and urban mobility – and can generate benefits for people like you using more electric devices in their daily life.

The BLXM governance starts with the BLXM Token Foundry, the “foundation”, which is a company limited by guarantees in Singapore. This is a non-profit totally autonomous legal entity. In the beginning the foundation will be run by it’s 3 directors. We will then expand towards token-based voting and governance. This will be a gradual process which we see rolling over ca. 6-15 months until we have become a true DAO.

✔️We are proud of 10 signed letter of intent with customers, including big comapnies like flixbus, TIER etc. and we started the piloting.
✔️We have established first relevant political alliances which you need in the urban mobility space.
✔️Our software is already fully developed, which we have been working on for the past three years.
✔️We have established learning formats, because we take care of education around the DLT – and we strenghten the topic of women in tech
✔️We are partnering with Ontology as well as the Energy Web Foundation (where we have become a fully validating member)
✔️We have have onboarded a team of round about 10 talents

bloXmove is a L2-protocol. So while I wouldn’t say “agnostic”, it can be ported to any layer-1 network having sufficient intelligence, i.e. smart contracts. The tokens during the launch will be exchanged into tokens on the first layer-1 mainnet on which we will deploy the protocol. Currently, the platform is based on Quorum, i.e. a permissioned Ethereum fork and had been deployed to the evan,network test network. We anticipate deploying to several layer-1 networks.

In our future vision everything can be connected, new sectors like energy and mobility start to collaborate, but yes in the first step of our go to market strategy we focus on the ground, the streets and the urban mobility, here the pain is the biggest.