In a groundbreaking collaboration, cryptocurrency exchange Coins.ph and ride-hailing platform inDrive have launched the country’s first blockchain-powered fleet that will allow InDrive drivers to earn extra rewards by mapping the roads of Metro Manila.
The initiative also includes decentralized mapping network Hivemapper.
“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 a technology called DePIN (Decentralized Physical Infrastructure Networks), integrating blockchain with traditional ride-hailing services.
Through Hivemapper’s 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 that build the map, also participate in the economics of the map. Over 2 billion people and hundreds of thousands of businesses use maps each and every day. It’s a huge market and we are just getting started” said Ariel Seidman, CEO and co-founder of Hivemapper.
In cities where infrastructure and navigation challenges are prevalent, this decentralized mapping initiative provides an invaluable resource.
By offering real-time, hyper-accurate mapping data, it supports urban planning, traffic management, and location-based services, benefiting the broader community.
In addition to earning income from ride-hailing, participating drivers will also earn $HONEY tokens for their contributions. These tokens can be stored on Coins.ph allowing riders to seamlessly manage their rewards.
“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 for the Philippines at inDrive.
“By integrating blockchain technology with ride-hailing, we’re not only providing drivers with an additional rewards stream but also 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.”
