Monet Blockchain

We are building MONET with a mission to create an open-source infrastructure for truly decentralized mobile peer-to-peer applications. Hence, we are industry agnostic and make the ecosystem versatile and robust to accommodate a broad variety of sharing economy use cases on mobile.

In general, MONET tools and ecosystem are best suited for frequent, standard, and repeatable interactions, finite in time, with a clear outcome, and with participants in geographical proximity. In these cases, a participant interacts within the boundaries of a specific community, driven by a specific goal, and takes on a role that does not change over the course of the interaction. Ride sharing, for example, fits well in this concept. The very nature of this activity makes it more convenient to be executed on mobile and requires multiple participants that are either riders or drivers.

On the other hand, applications with variable tasks under one roof and applications that last extensive time or only have one participant are probably not the best use case for MONET ecosystem. Single participant applications, like productivity tools, do not involve interaction with others. Applications with variable tasks (think of Jira for a project management and Trello for event preparation) would probably require breaking a large task into a small simple steps, around which an interaction occurs within a temporary blockchain. Long lasting interactions would not need the temporary nature of MONET blockchains (think social media, like Instagram). In these cases, MONET might not deliver a lot of immediate practical advantages (if you view otherwise — we welcome your thoughts!).

Now that we are clear on the general formats of interactions MONET is suitable for, let’s look at a specific case.

Decentralized Peer-to-Peer Ride Sharing

To give the community a better idea of the types of DApps we envision being built on Babble, in this article, we wanted to apply the MONET ecosystem to a specific case familiar to all of us, ride sharing. We will examine the status quo and problems with it. Then, we’ll look at how MONET can transform the ride sharing industry, creating new incentives both for drivers and for app developers.

It is important to qualify, however, that our vision describes only one possible configuration of this use case. It’s not a prescription or a single right way MONET can be used in the applications of this type. We are happy to learn others’ thoughts of possible ways to execute the idea.

Related posts:

So for my first post on Medium, I couldn’t find a better personality to pick than Professor Sanjay Bakshi. For the uninitiated, Prof. Bakshi is one of the best minds out there in the value investing…

Even if you are outside in the middle of a field or wood, there are noises all around, constantly breaking the silence.…