Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Blockchain

EY helps Block2 build a blockchain-based solution for small and medium businesses to manage supply and demand across trade industries

Published

on

Photo source: ekathimerini.com

 

Block2, an Australian start-up focused on peer-to-peer resource management, has selected EY to provide software and services to build their newly released 2Mota solution, a blockchain-based peer-to-peer marketplace to help Small to Medium Enterprises (SMEs) manage their supply chains more efficiently.

EY’s OpsChain Tesseract with pre-configured, native blockchain functionality was leveraged by Block2 to build 2Mota, a blockchain-based peer-to-peer marketplace customized for the motor trades industry in Australia. The 2Mota solution has both B2C and B2B functions that (i) introduce and manage new customers, and (ii) facilitate the optimization of employees, equipment and workspaces for better profitability.  It will also provide workers and independent contractors more control over their careers within the industry.

Specifically, Block2’s 2Mota solution allows car owners to book services for their vehicles directly or post repair requests so that local motor trade businesses can bid for the work. The car owner then selects the best quote based on criteria, such as; price, location, availability, staff quality and business references. 2Mota also allows local businesses to book and rent resources from each other to fill excess demand and/or provide an additional source of revenue in a situation where they have excess capacity. The solution further allows workers take charge of their own careers, manage their work history/qualifications and to move seamlessly between businesses to gain skills and experience.

At the industry level, 2Mota’s peer-to-peer marketplace improves the use of compatible resources across an industry where peaks and troughs in demand create difficulties for SMEs. Block2 hopes that its solution will result is a more robust motor trades industry that is better prepared to evolve with the new digital economy. Over time Block2 plans to expand into additional industries to manage and share resources, allocate and trade assets, and tap into a mobile workforce, all on a single marketplace.

Advertisement

Paul Brody, EY Global Blockchain Leader, says:

“As blockchain technology continues to evolve around the world, we are able to find new ways to improve efficiency and limit unnecessary losses. The use of a blockchain-based peer-to-peer marketplace is an efficient means of introducing elasticity into sectors where traditional fixed ownership presents barrier to profitability. Block2’s marketplace will allow companies, particularly SMEs, to optimize resources and make best use of the human capital available to them. EY OpsChain Tesseract will allow Block2 to leverage the current trend of ‘using’ assets, rather than owning them – much the way the hospitality industry is doing today.”

Eden Spencer, Founder and CEO, Block2, says:

“Small and medium sized businesses, like automotive repair companies, must manage demand to ensure success in an increasingly competitive environment. Block2’s peer-to-peer marketplace addresses challenges in Australia’s automotive repair industry, whereby the lack of supply and demand management is impacting business productivity, investment planning and growth.”

 

Advertisement

SOURCE EY

Blockchain

CoreNest Capital, Sologenic’s VC partner, invests in Texture, a U.S.-based broker-dealer, to launch SoloTex, a new platform for trading tokenized equities

Published

on

corenest-capital,-sologenic’s-vc-partner,-invests-in-texture,-a-us.-based-broker-dealer,-to-launch-solotex,-a-new-platform-for-trading-tokenized-equities

Sologenic + Texture = SoloTexAs a result of a strategic partnership between the Sologenic Development Foundation and Texture Capital Inc., a FINRA—and SEC-licensed broker-dealer, SoloTex aims to be the ultimate gateway to tokenizing and trading capital markets on demand.This innovative approach leverages tokenization to introduce features like enhanced liquidity, fractional ownership, and quicker settlement processes, offering a more efficient way to manage and exchange assets.Join the waitlist at SoloTex.com to learn more.

Continue Reading

Blockchain

Bybit Strengthens Partnerships and Explores Islamic Finance Innovation at Exclusive Forum

Published

on

bybit-strengthens-partnerships-and-explores-islamic-finance-innovation-at-exclusive-forum
Continue Reading

Blockchain

Automotive Finance Strategic Business Report 2024: Global Market to Reach $517.9 Billion by 2030, Fueled by Increasing Preference for Flexible Finance Options, Including Leasing & Subscription Models

Published

on

automotive-finance-strategic-business-report-2024:-global-market-to-reach-$517.9-billion-by-2030,-fueled-by-increasing-preference-for-flexible-finance-options,-including-leasing-&-subscription-models

Automotive Finance Market

Continue Reading
Advertisement
 title=
Advertisement

Latest News

Recent Listings

  • Global Payout, Inc.

    Since the Company’s inception in 2009, Global Payout, Inc. has been a leading provider of compreh...

  • MTrac Tech Corp.

    MTrac Tech Corporation, a Nevada Corporation, is a privately held, wholly owned subsidiary of Glo...

  • Net1

    Net1 is a leading provider of transaction processing services, financial inclusion products ...

  • uBUCK Technologies SEZC

    Based in Georgetown, Cayman Islands, uBUCK Tech is a fintech enterprise that specializes in digit...

  • LiteLink Technologies Inc.

      LiteLink is a major player in developing world-class enterprise platforms that utilize ar...

  • Good Gamer Corp.

      Good Gamer Corp. is a privately-held technology company focusing on gamers and streamers....

  • BitPay

      Founded in 2011, BitPay pioneered blockchain payment processing with the mission of trans...

  • About Net1

      Net1 is a leading provider of transaction processing services, financial inclusion produc...

  • Blockchain Foundry Inc.

    Headquartered in Toronto, Canada, Blockchain Foundry (CSE:BCFN)(FWB:8BF)(OTC:BLFDF) is a global b...

  • Sixgill

    Sixgill provides a full suite of universal data automation and authenticity products and services...

Trending on TBE