Cycle4Value - Development of a blockchain-based reward system to force cycling
2019/09/01
In this 2-year FFG MdZ (mobility of the future) project Cycle4Value, a transparent and low-threshold reward model for promoting cycling based on the key technology blockchain is being researched and tested in practice for the first time. The economic, health and ecological benefits/effects of cycling are presented in a comprehensible way and, after a plausibility check using machine learning, converted into a real value (=cycle tokens). These value units are stored in a digital wallet and can be redeemed in a test marketplace. The research project surpasses conventional incentive systems because, on the one hand, both the storage of the value units and the redemption process are decentralised, tamper-proof and transparent and, on the other hand, the real economic benefit of active cycling is fairly monetarised.
2021/12/07
Our research project Cycle4Value (in collaboration with Bike Citizens, Danube University Krems and yVerkehrsplanung) was nominated for the Austrian BlockChain Award in the category research.
2021/02/04
Research project: Cycle4Value (in collaboration with Bike Citizens, Danube University Krems and yVerkehrsplanung).
2021/09/08
Wernbacher, T., Seewald, A., Pfeiffer, A., Platzer, M., Hofer, D., & Ghete, M. (2021). Cycle4Value a Token-based Incentive System to Promote Cycling. Proceedings of the 26th International Conference on Urban Planning and Regional Development in the Information Society (REAL CORP 2021), Vienna, Austria.
2021/02/04
Seewald, AK, Ghete M, Wernbacher T, Platzer M, Schneider J, Hofer D, Pfeiffer A. Cycle4Value: A Blockchain-based Reward System to Promote Cycling and Reduce CO2 Footprint. In Proceedings of the 13th International Conference on Agents and Artificial Intelligence (ICAART 2021), Online Streaming.