Given how susceptible bikes are to theft, BikeID combats the problem using the Bicycle Identification Number, a digital ID stored on Cardano.
Charles Hoskinson has further disclosed the release date for NIGHT, the token powering the Midnight network.

BIKEID’s “Proof of Bike” system is now reportedly securing 300,000 bicycles on the Cardano blockchain, and according to an X post from Cardano Foundation CEO Frederik Gregaard, the pace of growth is genuinely impressive.

BikeID has built a Bicycle Identification Number (BIN), a digital identity for bikes, analogous to a car’s VIN, that is permanently and immutably recorded on Cardano. Each registered bicycle becomes a verifiable on-chain asset, creating a “digital twin” for physical bikes.

Frederik noted,

The problem is simple but massive: unlike cars with VIN numbers, bicycles have no universal identity system. This makes them highly vulnerable to theft, fraudulent resales, and ownership disputes, costing riders and the global cycling industry billions each year.

This system unlocks a range of powerful real-world use cases. Riders gain proof of ownership, allowing them to cryptographically verify that a bicycle belongs to them, while theft protection and recovery become far more effective thanks to immutable on-chain records that simplify verification and ownership disputes.

The lifecycle of each bike can also be transparently tracked, including maintenance history, warranty status, second-hand resale, and even financing, all tied to the bike’s digital identity.

BikeID is scaling rapidly, with a partnership secured with ROMET, Poland’s largest bicycle manufacturer, to embed BINs into their bikes starting in 2026, potentially adding half a million new bicycles per year.

Future roadmap goals include EU Digital Product Passport and Battery Passport compliance, as well as tokenised fleets that could enable fractional bike ownership and shared-revenue models.

This aligns closely with Cardano’s focus on real-world asset tokenisation, using its secure, scalable, and energy-efficient blockchain to anchor trusted digital identities for physical goods.

Cardano’s tooling can create reliable audit trails and authenticate environmental claims while ensuring the data remains tamper-proof. A key capability is selective disclosure, which allows sensitive information to be shared only with authorised parties, as indicated in our earlier news brief.

Midnight Network Rollout

At the recent Midnight Summit, Charles Hoskinson outlined a comprehensive, year-long rollout plan for the Midnight network. The schedule is organised into four stages, each named after a traditional Hawaiian lunar phase. The journey begins with Hilo, which kicks off in the final quarter of 2025. It is followed by Kūkolu, set to begin in the first quarter of 2026.

The third stage, Mōhalu, arrives in Q2 2026 and shifts the spotlight toward growing and engaging the wider community. Everything culminates in Q3 2026 with Hua, the final phase, which introduces hybrid decentralised applications to the ecosystem.

Distribution of the NIGHT token officially starts on December 8, 2025. Once live, NIGHT will serve several purposes across the Midnight environment, including paying transaction fees, participating in staking, and unlocking enhanced privacy capabilities. The total supply of 4.5 billion NIGHT will first be minted on the Cardano chain.

As noted earlier, Hoskinson has encouraged the broader crypto community to maintain optimism heading into 2026, suggesting that positive sentiment could help drive a stronger market cycle.

ADA has fallen 14.2% over the past 24 hours and 22% over the last week, currently sitting around $0.3951. There’s support forming near $0.36, with any recovery bringing a possible revisit of the $0.50 zone.

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Filed under: Bitcoin - @ November 21, 2025 2:27 pm