Drive&Stake, the industry-first marketplace that empowers all mobility ecosystem participants to benefit from vehicle-generated data, launches today
2.11.2021 12:35:00 EET | Business Wire | Press release
Drive&Stake, a decentralised, scalable end-to-end solution for the creation of automated mobility data marketplaces, promotes industry-wide data exchange and enables participants within the mobility ecosystem to obtain extensive insights through real-time data analytics.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211102005028/en/
Over the past decades, the traditional idea of everyone possessing their own car as the primary means of mobility has shifted towards more interconnected ride-sharing, car-sharing and autonomous (self-driving) vehicles. As a result, vehicles have become mobile hubs of data, generating and processing vast volumes of information. The generated data has the potential to become a key driver for the implementation of disruptive, data-driven business models and services.
However, the current infrastructure has limited communication with third-party frameworks, leaving data untapped and locked in centralised silos. As a consequence, original equipment manufacturers (OEMs) face a trade-off between opening up access to their data and retaining profits from exclusive control over it. Service providers, such as insurance or fleet management companies, are dependent on third-party analytics processes, while drivers have no control over produced data and its potential use.
Drive&Stake addresses these obstacles and empowers all participants in the mobility ecosystem to share, access and benefit from vehicle-generated data.
Service providers can reach a broader customer base, deliver enhanced customer experience, perform real-time settlement of liabilities and develop new products and features. OEMs can improve business processes and access consumer data in a transparent, auditable way, while drivers—in addition to more services at a lower cost—can enjoy a personalised customer experience and collect reward tokens for staking, consuming third-party services, swapping or exchanging for fiat currencies.
RIDDLE&CODE, the leading European blockchain interface company, is powering Drive&Stake with a flexible hardware stack and software-driven approach that unlocks data in a secure, confidential manner and tokenizes the produced data by pegging it to real-life objects. Ocean Protocol allows the exchange and monetisation of data and data-based services, overcoming the trade-off between the benefits of using private data and the risks of exposing it. Experts from EFS Consulting are transforming data into tangible use cases in close collaboration with vehicle manufacturers, mobility service providers, and insurance and energy corporations, while ELOOP has already deployed a successful use case, recording CO2 savings and mileage of electric vehicles.
“RIDDLE&CODE has built Confidential PID that enables the secure extraction of vehicle-generated data and controls how this data will be accessed and utilised,” said Thomas Fürstner, founder and CTO of RIDDLE&CODE. “This novel approach comes as a result of our extensive development efforts for other industries like fintech and energy, where RIDDLE&CODE successfully implements various encryption and trusted computing technologies,” he added.
“Curiosity for novel technologies is in the very DNA of EFS Consulting. We are delighted to channel this curiosity together with our partner RIDDLE&CODE,” said Christian Schaupp, Managing Director of EFS Consulting. “Drive&Stake is a project that reinvents the connected vehicle experience, and we are proud to be part of it. Together with RIDDLE&CODE and other industry-leading partners, we are creating new decentralised business models and services based on tokenized mobility data.”
“RIDDLE&CODE is a blockchain pioneer. They've been at the forefront of using trusted and verifiable IoT devices integrated with blockchains,” said Bruce Pon, CEO of Ocean Protocol. “Drive&Stake data will be a valuable addition to the Ocean Market and we’re very excited to create a new data economy together.”
“As a company committed to taking the sharing economy to the next level, ELOOP is delighted to be part of Drive&Stake. Today, we are deploying a first use case, recording CO2 savings and mileage of electric vehicles, and are keen to test and develop further use cases within the Drive&Stake ecosystem,” said Leroy Hofer, CEO at ELOOP.
Drive&Stake supports a variety of use cases, including pay-as-you-drive, networked parking for car-sharing, incentivised mobility patterns, sustainable EV battery and supply-chain traceability. Further use cases can be developed and implemented.
Businesses interested in exploring disrupting mobility solutions and gaining value from vehicle-generated data can contact RIDDLE&CODE for more information about joining Drive&Stake.
About RIDDLE&CODE
RIDDLE&CODE is Europe’s leading company for blockchain interface solutions. The company develops hardware and software stacks that combine the security of smart cards with blockchain and the Internet of Things (IoT). Together with its tier-one clients and partners, which include Daimler, BMW, Wien Energie and leading Dutch crypto exchange LiteBit, RIDDLE&CODE brings new business models to the fintech, energy, mobility and materials industries.
More information: www.riddleandcode.com
About EFS Consulting
EFS Consulting was established based on the idea of creating modular platform strategies within the automotive industry. Today, the consultancy company with offices in Vienna and Shanghai has expanded beyond the automotive sector with fields of competencies covering all aspects of a technological product life cycle. EFS is dedicated to empowering clients on a global scale to deliver better products, production and market solutions.
More information: www.efs.consulting
About ELOOP
ELOOP is a Vienna-based car-sharing startup with a focus on green mobility solutions and environmental protection. The company has the vision to change the way people get around in urban areas and take the sharing economy to the next level. With the power of blockchain, ELOOP has tokenized the revenue of its Tesla fleet and shares it with all ELOOP ONE token holders. The fleet of ELOOP consists purely of Tesla electric vehicles.
More information: eloop.at/en
About Ocean Protocol
Ocean Protocol is an on-ramp for data services into crypto ecosystems, using datatokens. Each datatoken is a fungible ERC20 token to access a given data service. Ocean smart contracts, Ocean libraries and Ocean-powered front ends make it easy to publish data services (deploy and mint datatokens) and consume data services (spend datatokens). Therefore, Ocean provides decentralised access control. The Ocean Protocol Foundation has allocated 20 million Ocean tokens for funding initiatives, including the Data Economy Challenge.
More information: oceanprotocol.com
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005028/en/
Contact information
Media contact:
Aysenur Yükselal Aji.
aysenur@riddleandcode.com
Contact: Sebastian Steinmayr
+43 162 2447167.
About Business Wire
For more than 50 years, Business Wire has been the global leader in press release distribution and regulatory disclosure.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
European Wealth Firms Build Private Markets Capability Faster Than They Communicate It, Peregrine Report Finds20.10.2026 11:15:00 EEST | Press release
Europe's leading wealth managers have built genuine private markets capability but most have yet to explain it to the clients they built it for, according to The Wealth 30, a new report from Peregrine Communications. The study analyses how 30 leading UK and European wealth managers and private banks position private markets. It concludes that communication, not product, is now the biggest barrier to differentiation in the wealth channel. Capability outpaces explanation 73% of the Wealth 30 engage in private markets yet only 40% operate a dedicated landing page explaining what private markets are, why they matter and how clients can access them. Just 23% combine explainers, a destination and repeatable house-view content. Swiss private banks set the benchmark, supported by house views, outlooks and heritage narratives. Pictet, UBP, Lombard Odier and Julius Baer all back their positioning with repeatable insight content, and Coutts is the clearest UK example. UK firms more often communic
Infobip and Yamaha Power Conversational Customer Engagement in Indonesia’s Automotive Sector20.10.2026 11:00:00 EEST | Press release
Global AI-first cloud communications platform Infobip strengthens its collaboration with Yamaha Indonesia Motor Manufacturing (YIMM) to transform customer engagement through WhatsApp-powered conversational experiences designed to drive stronger personalization and faster customer interactions. As Indonesia’s consumers increasingly adopt digital-first purchasing behaviors, Yamaha Indonesia is evolving how it connects with customers across the buying journey. Today’s motorcycle buyers often research products through Yamaha’s social media, websites, and video reviews on YouTube before visiting dealerships, raising expectations for brands to deliver fast, seamless, and highly personalized communication. For more than two years, Infobip has supported Yamaha Indonesia in building connected customer engagement strategies that integrate WhatsApp across the company’s wider digital ecosystem, including its websites, social media platforms, and customer touchpoints. The collaboration reflects the
Finsei Selects Thredd to Power New Debit Offering20.10.2026 10:00:00 EEST | Press release
Thredd, the AI-first issuer processing platform, today announced a new partnership with Finsei, a London-based payments company, to power the processing infrastructure behind Finsei’s new Mastercard debit offering. The partnership reflects a shared focus on simplifying an increasingly complex payments environment. Businesses operating across markets often rely on multiple providers to manage accounts, payments, foreign exchange, cards and expenses. Finsei is designed to bring those capabilities together, while Thredd provides the underlying payment technology and infrastructure needed to deliver a secure, digital-first debit experience at scale. At launch, physical and virtual cards will be available, followed by both Apple Pay and Google Pay. “Businesses increasingly expect their financial tools to work together rather than operate as a collection of disconnected services,” said Jim McCarthy, CEO of Thredd. “Finsei is building around that expectation, bringing payments, currency manag
BRG Survey Finds 71% of Competition Lawyers Say Global Antitrust Policies Grew More Fragmented over Past Year20.10.2026 10:00:00 EEST | Press release
Global antitrust enforcement is pulling apart along national lines, with 71% of senior competition attorneys reporting that policy became more fragmented across jurisdictions over the past 12 months, according to BRG’s inaugural Global Antitrust & Competition Report. Nearly four in five (78%) also cite cross-border antitrust requirements as a significant or recurring challenge. The report draws on a survey of 155 senior antitrust and competition attorneys across the U.S., Europe and Asia-Pacific (APAC) and in-depth interviews with 18 leading lawyers. It also finds that about 60% of respondents expect antitrust enforcement to expand in scope and intensity over the next 12 months. “Domestic politics and geopolitical considerations increasingly influence the application of competition law across jurisdictions”, said David Parker, a managing director at BRG. “As a result, deal timelines and risk assessments often now have to be built jurisdiction by jurisdiction, from the earliest stage of
Murata Develops World’s Smallest 008004-inch Size (0.25mm × 0.125mm) NTC Thermistor for Space-Constrained Temperature Sensing20.10.2026 05:00:00 EEST | Press release
Murata Manufacturing Co., Ltd. (TOKYO: 6981) (ISIN: JP3914400001) announces the development of the world’s smallest* 008004-inch size (0.25mm × 0.125mm) NTC thermistor, the NCU01 series. Compared with Murata’s previous smallest 01005-inch size (0.4mm × 0.2mm) product, the new series reduces mounting area by approximately 60% while achieving equivalent temperature-sensing performance, with resistance tolerance of ±1% and B-constant tolerance of ±1%. Its ultra-compact size enables temperature sensing to be positioned in increasingly restricted spaces and closer to heat-generating components, supporting more accurate and responsive thermal monitoring in smartphones, wearable devices, and other densely integrated electronic devices. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261019189089/en/ [Murata Manufacturing Co., Ltd.] World’s smallest 008004-inch size (0.25mm × 0.125mm) NTC thermistor Murata plans to begin sample shipm
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom