The car-sharing market is anticipated to expand to over $600 billion by 2025, with a CAGR of over 25%. Using Blockchain technology, Hirego aims to enable new levels of accessibility, safety and user control, paving the way for the mass adoption of vehicle-sharing as the preferred choice for travel.
Car-sharing is expected to become more popular worldwide every year. According to Grand View Research, the global shared-mobility market was valued at USD 104.95 billion in 2017 and will expand at a CAGR of over 25% during 2018-25. The growing traction of connected vehicles and smartphones are key market drivers, and HireGo seeks to capitalise on this.
By using Blockchain and smart contracts we aim to automate most functions traditionally carried out by third parties or 'intermediaries', such as identity checks of the driver, insurance, vehicle unlocking through blockchain based hardware, automated charging for additional time used and more. This will significantly reduce the cost passed on to the user. Existing peer-to-peer car-sharing apps charge car owners up to 35% commission. HireGo will only charge 5-10%, including insurance.
In 2018 we developed and launched one of the first demo car-sharing apps on the Blockchain network and have attracted a large social media following, with 10000 Telegram members & 11000 Twitter followers. We have been featured in several online media websites such asTechBullion and CryptoNews.
Key partners include Mobiq, AutoMobility, Origin Protocol, and trials have been discussed with AutoDelen car-share network, subject to contract. Funds are required for further trials in the UK and Europe.
HireGo is the trading name of Blockchain Mobility Solutions.