A Singaporean startup to reward electric vehicle users with cryptos

With an intention of reducing the emission of Carbon, CyClean, a Singaporean blockchain startup is launching electric vehicles that are blockchain enabled. These electric vehicles help in mining crypto as users travel, and the company will also reward the users with cryptocurrencies.

According to a report by Federation Internationale de L’ Automobile (FIA), the largest contributors of CO2 emissions are the transport on roads such as cars, trucks, and motorcycles more than that of trains, airplanes, and boats. In the United Kingdom, vehicles are a major source of CO2 emission. There are current discussions to use electric vehicles rather than traditional vehicles not only in the UK but also in different parts of the world.

CyClean, the Singaporean start-up aims to reduce this emission by allowing users to rent electric vehicles and in return be rewarded with cryptocurrency. They believe that this combination of cryptocurrency and blockchain with electricity powered vehicles will be a major combat to the current CO2 emitting vehicles.