Cardano (ADA) Blockchain to host the eTukTuk Sustainable Transport Initiative

Cardano (ADA) Blockchain to host the eTukTuk Sustainable Transport Initiative

  • eTukTuk unveiled the world’s first automotive project on the Cardano blockchain at the World Economic Forum.
  • sustainable transport alternative It aims to address economic and environmental issues, starting with developing countries such as Sri Lanka.
  • The project is designed to encourage the growth of a network of electric vehicles and charging stations to drive accessibility.

On January 18, 2023, eTukTuk has unveiled a flagship car project On the Cardano (ADA) blockchain at the World Economic Forum in Davos. The project is expected to start operations in Colombo, Sri Lanka, with the support of the local government.

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How does eTukTuk intend to make a difference?

Tuk-tuks are a prominent mode of transportation in many developing cities, particularly Colombo, which “More than 1.2 million registered TikToks on the roads.”

Blog published by eTukTuk On January 12, 2023, he states the following:

“eTukTuk has developed a unique blockchain solution — the world’s first on Cardano — to tackle some of our planet’s biggest challenges.”

Traditional tuk-tuks are a significant contributor to global carbon emissions, “emitting more toxic carbon dioxide than a passenger car,” according to Blog post by eTukTuk. Previous attempts to convert tuk-tuks into electricity The operations reportedly failed Because of the lack of charging infrastructure. Despite Crypto Twitter’s skepticism On the practical application of the project in third world countries, eTukTuk responded saying:

“That's exactly what we're solving for. Charging Stations form the backbone of the eTukTuk network and are built to be widely accessible, compact and future-proof.”

A real-world use case

Starting in Colombo, Sri Lanka, eTukTuk aims to address the problem of limited access to electric vehicles, by creating a network of “eTukTuk rEVolution.”

The P2P network is expected to facilitate the growth of the eTukTuk infrastructure for charging stations and the shift to electric vehicles Through the Cardano blockchain.

Moreover, the initiative aims to move away from fossil fuels for tuk-tuks, and to address global concerns such as financial inequality, health issues related to carbon dioxide emissions, and air pollution.

on the flip side

  • The success of the project may depend on the network of eTukTuk drivers.
  • The cost of owning, driving and charging electric tuk-tuks should be affordable for drivers and passengers.
  • Along with this development, the Cardano ecosystem has recorded sustained growth after more than 1,000 projects are currently being built on Cardano.

Why should you bother

The eTukTuk project represents a real-world application of Cardano’s blockchain technology in the transportation industry, demonstrating the ability of blockchain to drive sustainable change.

The initiative could serve as a model for other developing countries looking to switch to electric vehicles.

Read more about recent developments in the Cardano community and system:
Charles Hoskinson: Schillers ‘doesn’t give Cardano fair representation’

Read more about the Cardano stablecoin launch:
The launch of Stablecoin Cardano is “on track” for January

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