A Vienna-based car-sharing service company has outfitted nearly half of its 200+ fleet of cars with blockchain-based self-sovereign IDs for tokenization purposes.

On June 27, the car-sharing service Eloop and the Peaq Network announced that 100 Teslas had been tokenized via Peaq. The blockchain integration allows users to own a fraction of the fleet and share the revenue the cars generate from daily rideshare operations.