It is a blockchain-based ecosystem that connects all services, like the car dealer shops, mechanic shops and car rental companies, that touch your car to collect its lifetime data. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain. Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.
OKCash was initially launched in November 2014 with the name Positive Innovation for Multi Payment Cash solutions. It was later rebranded to OKCash. OKCash aims to be the social cryptocurrency. OKCash is also developing positive relationship with other cryptocurrencies by helping release a custom wallet for Gaia based on the previous OKCash design. OKCash is now in its PoS period.