Blockchain-based Ride-hailing App Tada Starts Operations in Vietnam

February 28, 2019

Tada, a blockchain-based ride-hailing app formed under MVL in 2018, expands to Vietnam.

Tada, a blockchain-based ride-hailing application, has recently drawn a lot of attention. The Singapore-based company, under the umbrella of South Korean startup Mass Vehicle Ledger (MVL), started operations in Cambodia in 2018, but has recently expanded to neighboring Vietnam.

Making Progress

After Tada’s launch in Cambodia, parent company MVL stated that its next ports of call were Vietnam and Malaysia. It also disclosed plans to include Cambodian tuk-tuk drivers by February this year

The company’s rapid expansion in Asia is unsurprising, given the large populations of Asian countries and their affinity for ride-hailing apps.

Tada makes use of blockchain technology in its ride-hailing app. This ensures that information is stored correctly and securely, making their systems more effective. It also means that arrival times are usually well calculated, thereby reducing wait times for cabs.

Tada drivers do not collect commission when payments are processed via debit or credit cards. They earn MVL tokens by receiving positive reviews from passengers. When the company was launched in 2018, there was great emphasis on choice for both drivers and customers.

MVL Founder Kay Woo pointed out that Tada does not have an exclusive deal with drivers, who can work with other ride-hailing companies.

The company also made it clear that it is not out to compete with the numerous ride-hailing firms in Cambodia, but is entering the market to create its own niche, which is giving customers a choice.


Tada’s move to Cambodia and Vietnam, though impressive in its own right, hardly sums up the company’s plans for the year.

In 2019, Tada plans to launch a wallet app and a car rental and chauffeur platform, with the aim of establishing data-sharing partnerships with other companies.

Presently, Tada has over 27,000 drivers and 200,000 users in Singapore. These figures are expected to grow as the company expands.

About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

Related Article
Blockchain: Fine-tuning the Music Industry
Music might be in need of another tech disruption in the form of blockchain.

July 17, 2019

Graph Blockchain Secures Contract with South Korean Transport Ministry
The pilot project is for storing traffic data on a blockchain network as part of the Smart City nati...

July 13, 2019

Hong Kong, a Great Place for Blockchain Startups
It is quite evident that Hong Kong is quite rapidly developing to be a blockchain hub in the region ...

July 12, 2019

We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us