DOVU protocol, powered by DOVU token

DOVU

• Website: https://dovu.io/
• Whitepaper: https://dovu.io/whitepaper.pdf

Moving into the future means crypto platforms will become vastly more important. One of the biggest obstacles is encouraging companies, regulatory bodies and the general public to engage and integrate existing structures with these newer, unfamiliar systems. DOVU is an exciting project that seeks to do that by using the emerging value of transport data as an incentive to own, control and trade in a crypto platform.

Internet of Things devices are becoming increasingly pervasive and consumers are concerned about the vulnerability of their data and the potential for personal exploitation. How many times have you found yourself speculating among friends about the kind of targeted power advertisers gain from Facebook and Netflix habits? If your car is connecting to the internet, what kind of information about you is created, and where does it go?

The emerging importance of data gained from IoT devices has been increasingly noted in the professional industry networks and technology media. The amount of data that is collected on each of us is set to increase at an exponential rate due to increased connectivity, with one of the biggest expansions coming in the transport industry. The opportunity window is now, when the widespread roll-out of smart cars or introduction centralised tracking infrastructure is yet to happen.

DOVU are interested in creating a ‘circular ecosystem for mobility’ connecting consumers, smart vehicles and aApps (decentralized applications) to each other via the DOVU protocol. Built on ethereum, this API supports the DOVU token currently in the initial crowdsale stage until the 17th of October 2017. 1.2 billion finite tokens will be generated with 25% available for purchase in this period. The DOVU protocol, powered by DOVU token, also introduces the DOVU API Marketplace as an initial dApp with more to come in future. Empowering individuals in particular to control and collect on the value of this data is key to creating interest in newer and unfamiliar technologies like blockchain.

It’s much easier to consider sharing data when the value can be traded for benefits and the consumer can control which pieces of data they are sharing. Current systems of tracking gives only a small snapshot of the detailed portrait that will soon be generated. Finding the useful parts within this glut of information is of interest and use to companies and individuals.

Acting fast is key to the transition of the general public to blockchain technologies. With the imminent introduction of smart cars and other linked transport technologies there will be resistance to let go of older systems without some motivation and reward. Discounts and services made available via an efficient and fortified blockchain economy is likely to draw the interest of the general public. Helping consumers get value from the data they generate while giving them the power to control its circulation is one solution to the host of new challenges to come.