Logo Courtesy of EY

EY Helps Block2 Build a Blockchain-based Solution for Small and Medium Businesses to Manage Supply and Demand Across Trade Industries

Originally Published by EY

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.

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.”

For more information visit https://www.ey.com/en_gl/blockchain or www.2mota.com.au

Latest News

Trump commission attempts racist whitewashing of history

Trump Commission Attempts Racist Whitewashing of History; Colorado Rep. Lauren Boebert Probed for Potential Role in Capitol Insurrection; and More

Trump commission’s “1776 Report” attempts racist whitewashing of history In the highly controversial “1776 Report” released by the Trump administration yesterday, the outgoing GOP party doesn’t just try to present a nonpartisan, “patriotic” look at the nation’s history (as the President had promised the report would do) it fully rewrites…

Flint, Michigan water plant

Ex-Michigan Governor Charged for Racist Lead Poisoning of Flint Water Supply; COVID-19 Vaccines Not Increasing in Availability; Democrats Plan to Repeal Trump Rules; and More

Former Michigan Governor formally charged for poisoning thousands of predominantly Black Flint citizens with water containing lead. In 2014, when the city of Flint was forced by the state to begin taking its water supply from the Flint river rather than using water from nearby Detroit as it had for…

NYPD under suit

NYPD Sued for Years of Racial Abuse and Use of Excessive Force; Trump Administration Approves Discrimination Against LGBTQ individuals; and More

NYPD sued by Attorney General for years of racial abuse and use of excessive force. In what’s been called a “landmark lawsuit,” The New York Times has reported that New York state Attorney General Letitia James is suing the city of New York, the mayor and the NYPD’s leaders, alleging…

Kaiser

Kaiser Permanente: Committing $8.15M for Racial Equity

Originally published on about.kaiserpermanente.org. Grants to grassroots and nonprofit organizations will help address structural racism and practices that prevent communities of color from achieving good health and well-being. Kaiser Permanente (DiversityInc Hall of Fame), the nation’s largest integrated, nonprofit health system, has awarded $8.15 million to support dozens of nonprofit…

Toyota Research Institute and Stanford University’s Dynamic Design Lab Study How to Improve Automotive Safety

Originally published on pressroom.toyota.com. Inspired by the Skills of Professional Drift Drivers, Research Seeks to Combine the Technology of Vehicle Automation with Artificial Intelligence Algorithms What if every driver who ran into trouble had the instinctive reflexes of a professional race car driver and the calculated foresight of a supercomputer…

Tribal elder

Loss of Tribal Elders Due to COVID-19 Decimating Indigenous Populations; Colorado Revamps Common-Law Marriage Requirements, Making Them More Friendly for LGBTQ Couples; and More

Loss of tribal elders due to COVID-19 decimating Indigenous populations. The Muscogee, Navajo, Blackfeet Nation, White Mountain Apache and Choctaw tribes are among the many communities of Indigenous people suffering irreparable losses due to the COVID-19 pandemic, New York Times reporter Jack Healy has reported. Already impacted by infection rates…