WCT's Deposit Management and Operation Scheduling for Meituan Electric Bikes
In 2024, Meituan Electric Bikes applied WCT to its deposit system, allowing users to unlock vehicles by staking a small amount of WCT, replacing the traditional cash deposit. The deposit is refunded instantly after returning the vehicle without any violations or damages. Meanwhile, the platform intelligently schedules the operation and maintenance team based on on-chain vehicle location and battery data (e.g., prioritizing battery swaps for vehicles with less than 20% charge) and pushes the location of fully charged nearby vehicles to users. By the end of 2024, this model has been implemented in over 220 cities nationwide, resulting in a 96% reduction in deposit-related complaints, a 30% increase in daily usage of electric bikes, a 22% reduction in operation and maintenance costs, and an 18% increase in urban electric bike coverage, effectively alleviating the issues of "difficulties in finding bikes and charging".