Honda has announced plans to launch an Ethereum-based leasing platform, which allows users to rent a car for up to 90 days at a time.
The service, which will be available in early 2019, is aimed at helping people get around, or at least reduce their reliance on cars for their daily commute.
The company’s announcement comes after the likes of Airbnb and Uber also launched similar services last year.
Honda’s new platform, called Hobi, will be compatible with Ethereum, which it will support through an extension to the existing Honda app, which is currently in beta.
The extension allows users with the app to rent cars with their Honda accounts.
Users will be able to choose from two models, one with a range of 1,000km, and one with 1,500km.
Honda says that the two models will cost $1,500 for a car with a 1,700km range, or $2,500 per day for a 1.5km range.
Honda is also promising a new feature that will let users rent cars using their Hobi account, as well as other Honda-branded products.
This will allow users to connect to the Hobi platform directly via the Honda website.
Users can rent cars by simply selecting a location, such as their workplace, and then clicking the ‘Rent’ tab.
Once the car has been rented, they can then tap the ‘Pay’ button on the Hologram screen, where a payment of 10 per cent of the purchase price is deducted.
In addition, the car can be reserved for 24 hours for a maximum of one month.
Honda will also offer a range to rent, similar to that of Airbnb, which would require a 30-day rental.
Users of the company’s existing Hobi app can also rent cars for a fee, though it will be at a higher rate.
“Honda’s new Hobi will allow us to connect people with the same platform as Airbnb, Uber and other digital platforms that connect them to the broader digital economy,” said Tom O’Keefe, Honda’s head of product strategy, in a statement.
“As the digital economy matures, it will also enable us to accelerate our growth and create opportunities for people across the globe to rent their cars.”