June 27 (Cointime) - Vienna-based car-sharing company ELOOP has integrated blockchain-based self-sovereign IDs into 100 of its Tesla fleet via the peaq network. This allows users to own a fraction of the fleet and receive revenue from the cars' daily rideshare operations.

The transaction and data storage layer for the tokenized Teslas is hosted by the peaq blockchain network, built on Polkadot. ELOOP co-founder Nico Prugger said the company wanted to create "car sharing 2.0" where the community who owns the cars also rents them out.