Mass Vehicle Ledger

Mass Vehicle Ledger Ecosystem (MVL Ecosystem, pronounced as “em-buh l Ecosystem”) is a new blockchain-based ecosystem for all vehicle-related services. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain. MVL Coins can be traded for MVL Points (and vice versa) or used to trade with other participants in the ecosystem. This also means that contributors will earn MVL Coins if their data is sold by providing data to others. Finally, MVP and MVL will be used for the blockchain’s agreement protocol (mining).