Iomob and Centrality have made public their joint venture to build an Urban Mobility decentralized protocol. The latter has agreed to strategically invest in the former, to aid in accelerating its business development.

Centrality is an Asia Pacific based venture studio. It is among the leading blockchain-based venture studios globally. The firm has offices in London, Singapore, Melbourne, and Auckland. It focuses on partnering with innovators across key sectors to develop a marketplace of apps.

Combining technologies

Iomob is a tech firm that specializes in combining blockchain and open-source technology with an aim of decentralizing mobility. It is a leading firm in the innovation of Internet of Mobility in high tech, sustainable cities. The firm’s technology allows public transit regulators and mobility providers to partner in providing an efficient mobility experience.

The deal will see Centrality assist Iomob with funds as well as with the necessary infrastructure. Consequently, the tech firm will build a mobility protocol using decentralized blockchain technology. This project will revolutionize smart cities’ mobility via strategic investment and through the backing of business development.

Senta Mobility

Centrality and Iomob will jointly launch a new project to be known as Senta Mobility. It will be used to boost the adoption of the tech firm’s protocol in smart cities across the world. The venture studio company will oversee Senta’s business operations globally. It will focus on enhancing the adoption of the project providers of mobility service as well as by different cities.

Jointly, the two will create and nurture new apps and businesses that will aid the expansion of a decentralized mobility network worldwide. However, Centrality’s partly owned Ushare will be responsible for delivering domain and development expertise.

Emerging solutions like autonomous vehicles, scooter sharing, and on-demand buses can potentially change how people move in cities. Although they still come with their challenges like competition.

Iomob’s protocol offers an open platform which allows the emerging services to join as Mobility as a Service. Thus, mobility providers will use the platform for customer registrations, payments, and bookings, instead of developing individual systems. Subsequently, operators will concentrate on managing their businesses while still saving money.