Tesseract overview EY
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This 8-page document from EY discusses their Tesseract mobility platform, which uses blockchain and smart contracts to enable new business models for integrated, on-demand, personalized autonomous transportation. The platform allows for multiple owners of vehicles and assets and facilitates transactions between owners, operators, and service providers. EY is looking for partners to collaborate with on use cases and conduct in-market experiments of Tesseract to validate the technology and business models.
Tesseract overview EY
- 1. The better the question. The better the answer. The better the world works. Tesseract: Who will own the Future of Mobility?
- 2. Page 2 Imagine a future of integrated, on-demand, personalised and autonomous transport This document containsproprietaryEY informationand should not bedistributedwithout EY permission The mobility revolution is well underway – emerging technologies, changing consumer preferences, unsustainable vehicle usage and sector convergence are forcing players across the automotive and transportation value chain to transform the way they operate in order to stay relevant. In a world of integrated, on-demand, personalised and autonomous transport, how can players across the value chain address the following challenges? Integration In a world of integrated A-to-B mobility, how do you provide a seamless journey for the customer? How do you integrate data, payments, experiences? Collaboration In a “many-to-many” world of mobility provision, how do you establish mutually beneficial commercial models and create trust between different parties? Ownership In a world beyond personal vehicle ownership, who will own and operate mobility assets: (autonomous) vehicles, shared buses, charging infrastructure, commercial vehicles?
- 3. Page 3 Introducing Tesseract… This document containsproprietaryEY informationand should not bedistributedwithout EY permission EY’s integrated mobility platform built to enable disruptive new business models and significantly enhance existing solutions: • Single vehicle or fleet owned by a number of owners • Vehicle assets digitally logged on the blockchain • Connected car data underpins usage based payments • Transaction are settled between owners, operators and third party service providers Platform Features • Enables true peer-to-peer interactions between owners • Smart contracts facilitate automated permission and transaction processing • Minimal infrastructure requirements • Immutable data record and stored managed securely Blockchain Proposition Cryptocurrency Asset Tokens Smart Contracts T
- 4. Page 4 v2 use cases: EV ecosystem We are building out a number of use cases in collaboration with potential partners This document containsproprietaryEY informationand should not bedistributedwithout EY permission v4 use cases? v1 use cases: Asset Ownership Single vehicle, multiple owners (fractional ownership) Many (autonomous) vehicles, many owners (crowd-funding, securitisation) Asset disaggregation (e.g. vehicle shell + battery + autonomous drive system + …) Infrastructure funding (e.g. charging infrastructure) v3 use cases: Integrated Mobility Mobility wallet (a common mobility “coin” to pay for integrated journeys) Journey orchestration (smart contracts between different transport operators ) Tesseract will be the shared mobility platform on which a number of potential use cases can be built: Smart Contracting Layer Tesseract Asset Tokenisation Layer Cube Cryptocurrency
- 5. Page 5 EY is creating a number of assets within Tesseract which will benefit all ecosystem players This document containsproprietaryEY informationand should not bedistributedwithout EY permission Use case specific assets • Use-case specific platform elements: tokens, smart contracts, APIs, … • Consumer and client assets: apps, dashboards, … • Supporting technologies e.g. advanced analytics (smart pricing), … Core platformCore platform • Blockchain based platform supporting a smart contract network and cryptocurrency • Full technology stack to allow for end-to-end service offering from vehicle IOT integration to consumer- facing apps Owner Car Smart contract Calculates usage fee Smart contract Distributes usage fee Ownerwallet Smart contract Manages exchange Smart contract Manages payments Ownerpool Scheme operator Maintenance Fuel Insurance Commercial constructs • Customer insight, real-life learning, and business model constructs underpinning different Tesseract use cases • Additional expertise to enable new use cases e.g. fractional ownership tax optimisation
- 6. Page 6 Agriculture This document containsproprietaryEY informationand should not bedistributedwithout EY permission Ultimately, the platform will impact and benefit a large number of players across the mobility ecosystem Logistics Insurance Automotive OEMS Automotive Retail Public Transport Energy Finance Car Rental & Mobility Local & Central Govt. • Volume growth • Downstreamrevenues • New customer segments • Service & repair revenues • Increased scalability • Role in fleet operations • New finance products • Defendagainst disruption • On-demandcover • Telematics data • Asset financing • Mobility integration • Vehicle efficiency (reduced congestion & emissions) • Fuel / electricity provision • Charging networkfinancing • Increased asset utilisation • Vehicle multi-purposing • Asset financing • EffectiveP2P sharing
- 7. Page 7 EY is interested in working with clients across the mobility value chain to launch Tesseract in market This document containsproprietaryEY informationand should not bedistributedwithout EY permission Core platform Current Status Current Status • EY’s platform is at prototype stage and currently able to support an in-market experiment with up to 500 users – it is not currently ready to launch at production scale • 4 patents filed, more being developed In-market experimentation • EY is looking for selected lead clients to jointly validate technology capability, customer response and operational feasibility • EY will provide a trial license to the platform during initial experimentation, and will retain platform developmentand IP • Additional advisory services e.g. experiment design, service design are to be carried out during experimentation phase The future • Long-termplatform licencing and optional operation • Additional value-add services: mobility analytics, cross-service-line go-to- market support (inc. tax, legal, …) Key considerations • Experiment design to test the right business models • Choice of experiment geographyand customer segments • Protection of EY IP – patents filed • Contracting – templates being developed • Personal data security across varying geographies Core platform A typical engagement – in-market experiment Experiment Design MVP Build Alpha Beta Identify the business hypotheses to be tested (e.g. demonstrate incremental volume) Define experiment type, footprint, customer, experience, method of testing Core platform customisations Use-case andclient specific asset build Experiment minimum viable experience orchestration Critical componenttesting Operational set-up Customer & staff on-boarding Baseline data collection Experiment cycles validating business hypotheses Incremental business concept build Preparation for scaling/ pivot / exit Tesseractplatform provided on a trial licence basis
- 8. Page 8 Contact the team directly for more information on taking Tesseract to market and the wider Future of Mobility solution set This document containsproprietaryEY informationand should not bedistributedwithout EY permission John Simlett GlobalFutureofMobilityPartner jsimlett@uk.ey.com MichaelCahill TesseractCommercialLead mcahill1@uk.ey.com Phil Schartau TesseractStrategicDirector pschartau@uk.ey.com Andy Ball Go-to-MarketLead Aball@uk.ey.com Kulraj Smagh TesseractTechnicalDirector ksmagh@uk.ey.com Mubine Din TesseractProductManager mdin@uk.ey.com Sam Davies GlobalBlockchainArchitect Samuel.Davies@uk.ey.com Mike Longo GlobalFutureofMobilityEnablement Michael.Longo@ey.com