Answered: Boyd Cohen is the cofounder of IoMob, a…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Case Study Boyd Cohen, cofounder, IoMob

Boyd Cohen is the cofounder of IoMob, a decentralized mobility network and platform built on blockchain technology. IoMob democratizes access to the mobility marketplace, both public and private. "In other words, if you are a user and want to get from point A to point B, then we'll give you a solution for the most optimal route, keeping in mind all mobility solutions available like public transport, bike shares, or taxi cabs. Any mobility service, even an individual provider, could be accessible by users through IoMob. We are not trying to be Uber. We are the anti-Uber," Boyd explains.

What evidence did you notice in Boyd Cohen's planning that was innovative regarding the business model and creation of this venture?
IoMob is in its beginning. What do you think the venture's future holds, and what factors will contribute to the new venture's growth? What traditional business strategies and innovative business strategies would promote growth?

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