In a groundbreaking collaboration, cryptocurrency exchange Coins.ph, global ride-hailing platform InDrive, and decentralized mapping network Hivemapper are launching the Philippines’ first blockchain-powered fleet. The fleet will allow InDrive drivers to earn extra rewards by mapping the roads of Metro Manila.
“At Coins.ph, we want to empower Filipinos to earn through the opportunities that crypto and web3 provide,” said Wei Zhou, CEO of Coins.ph. “With this partnership, we’re transforming how physical infrastructure is built and monetized. This exemplifies the power of blockchain to generate real-world impact and create new earning opportunities for everyday Filipinos,” he added.
The project leverages an innovative technology called DePIN (Decentralized Physical Infrastructure Networks), integrating blockchain with traditional ride-hailing services. Through Hivemapper’s cutting-edge mapping devices installed in participating vehicles, drivers can contribute to building an up-to-date and decentralized global map.
“Hivemapper is the fastest-growing mapping company in history for a reason. People love the idea of helping build a decentralized global map where the people who build the map also participate in the economics of the map. Over two billion people and hundreds of thousands of businesses use maps daily. It’s a huge market, and we are just getting started,” said Ariel Seidman, CEO and co-founder of Hivemapper.
This decentralized mapping initiative provides an invaluable resource in cities with prevalent infrastructure and navigation challenges. It supports urban planning, traffic management, and location-based services by offering real-time, hyper-accurate mapping data, benefiting the broader community.
In addition to earning income from ride-hailing, participating drivers will earn $HONEY tokens for their contributions. These tokens can be securely stored on Coins.ph, allowing riders to manage their rewards seamlessly.
“At inDrive, our mission has always been to create opportunities that empower individuals and communities. This partnership with Coins.ph and Hivemapper marks a transformative step forward for the e-hailing industry in the Philippines,” said Sofia Guinto, head of business, Philippines, at inDrive.
“By integrating blockchain technology with ride-hailing, we’re providing drivers with an additional rewards stream and contributing to building vital infrastructure that benefits everyone. This collaboration is a testament to the potential of innovation to drive progress and create lasting impact,” she added.
Launching this blockchain-powered fleet marks the beginning of a new era where decentralized technology contributes to the evolution of transportation and infrastructure in the Philippines.
By combining innovative blockchain-enabled use cases with the existing infrastructure of ride-hailing services, the partnership between Coins.ph, inDrive, and Hivemapper not only empower drivers but also set the stage for broader applications of DePIN in the country.
