TADA has launched a S$1 million ‘Hotpot’ pilot using blockchain-based verifiable driver rewards.
Ride-hailing platform TADA has launched ‘Hotpot’, a pilot initiative backed by an initial S$1 million investment. The company said the programme is designed to support drivers by rejecting high-commission models and rewarding them based on a transparent and verified record of trips.
TADA said high commissions and opaque algorithms have pressured driver earnings, contributing to longer working hours, driver shortages, and elevated fares for commuters, with some high-demand routes exceeding S$40.
Under ‘Hotpot’, driver activity and rewards are recorded on the MVL blockchain’s public ledger, positioning the programme as an alternative to platform-controlled loyalty schemes.
Kay Woo, Founder of TADA and MVL, said: “Drivers shouldn’t be paying away their earnings in commissions, and riders shouldn’t be accepting cost-climbing fares as ‘the norm’. This is an opportunity to make a stand to Say No to Commission and build a fairer system, where everyone will share the value they create”.
The pilot introduces a points-based reward mechanism where drivers earn TADA points per trip and qualify for group rewards on Fridays from 5pm to 10pm. If collective trip targets are reached, participating drivers receive an “Upsized Hotpot” multiplier on group rewards.
“Blockchain is the backbone of fairness in our mobility ecosystem. By recording every trip, payment, and contribution on a transparent, tamper-proof public ledger, the on-chain data ensures value is returned to the people who create it. This gives drivers verifiable proof of contribution, fair rewards, and real participation in the system they power.” Woo added.
“With TADA and MVLChain, transparency becomes the default. This isn’t just about rewards today; it’s about giving drivers a long-term, verifiable stake in the future of mobility from data ownership to a meaningful voice in how ride-hailing evolves in Singapore.”
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