As of this week a new ride-hailing mobile app based on blockchain technology called Tada has begun operating within Vietnam after the company had recently also expanded into Cambodia.
Tada, a blockchain-based ride app has seen quite the expansion in recent times. The opened to Cambodia in 2018, and now, they have opened in Vietnam.
The company is based in Singapore and its parent company, South Korean start-up Mass Vehicle Ledger (MVL), enters its third south-east Asian market with this new launch.
The parent company had previously stated that after their launch in Cambodia, their next targets were Vietnam and Malaysia. There are also plans to bring onboard Cambodian tuk-tuk drivers by February 2019.
The company’s rapid expansion after finding success in Asia isn’t unexpected as the Asian markets have a large buying population and ride-hailing apps are quite popular there.
However, unlike other ride apps, Tada makes use of blockchain which brings an added layer of efficiency to their system. Information is more accurately stores and there is greater security.
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