• Cardano has unveiled its first automotive project, e-TukTuks, at the World Economic Forum in Davos.
• The project is focused on electric vehicles and is set to reduce the number of internal combustion engines in Sri Lanka.
• Participants will be able to earn rewards from this project and help transition the country away from the use of fossil fuels.
Cardano, a blockchain-based platform, has unveiled its first automotive project at the World Economic Forum in Davos, Switzerland. Dubbed e-TukTuks, the project is focused on electric vehicles and is set to reduce the number of internal combustion engines (ICEs) in Sri Lanka. The initiative will also provide drivers with an opportunity to increase their earning power by approximately 400%.
The e-TukTuk project is set to be rolled out in the near future, with the help of local government ossicles and other key industry partners. The project is expected to reduce the number of ICEs in the country from 1,200,000 to zero. It will also provide drivers with an opportunity to increase their earning power by 400%. Additionally, the Cardano platform will be used to reward participants, such as drivers and passengers, for their involvement in the project.
The initiative is also expected to help transition Sri Lanka away from the use of fossil fuels. As electric vehicle firms prioritize sustainability and discard the use of fossil fuels, the Cardano network will be at the forefront of this transition. The network will be responsible for increasing the number of proprietary electric vehicles and charging stations.
The e-TukTuk project is a major milestone for the Cardano network, as it is the first of its kind on any blockchain platform. Not only does it present an opportunity for participants to earn rewards, it also helps to promote sustainability and protect the climate. The project is sure to have a positive impact on the country and is set to launch Cardano to new price levels.