MVL Foundation Pte. Ltd has partnered with TZ APAC - a leading Asia-based public blockchain adoption entity for the Tezos ecosystem - to develop its data business with hybrid blockchain technology, utilizing both Hyperledger Fabric and the Tezos public blockchain.
MVL Foundation operates TADA, the world's first blockchain-based ride-hailing service, which has amassed 1 million users in Southeast Asia since its launch in 2018. MVL aims to revolutionise the mobility sector, as it begins to manufacture and supply electric vehicles (EV) such as their E-TukTuk.
Recently, MVL also signed an MOU with Bolton, a subsidiary of Indian Auto manufacturing giant, Krishna Group, for its EV production and sales division in India, boosting the availability of the TADA ride-hailing and delivery platform within the country.