BMW piloting blocking tracking of mileage for leased cars

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BMW piloting blocking tracking of mileage for leased cars

BMW is piloting a blockchain platform to track mileage in leased vehicles through its startup innovation program.

The effort is being carried out in partnership with blockchain startup DOVU – one of five startups to work with BMW Group UK as part of the company’s Innovation Lab, first unveiled back in February. Specifically, DOVU developed a system with Alphabet, BMW’s fleet manager, to incentivize drivers to log mileage in leased or borrowed vehicles.

DOVU is creating a circular economy through blockchain powered mobility, empowering all data owners to share and be rewarded for their mobility data.

The first part of the partnership – the proof-of-concept – has been completed already, said Max Lomuscio, who serves as DOVU’s community manager. Now the startup is moving into the second phase, which is the actual trial with drivers. This portion should take another 6-8 weeks, he explained.

The project comes months after DOVU – previously backed by Jaguar’s venture arm – completed a $6 million initial coin offering.

DOVU has Blockchain powered rewards –

Rewarding stakeholders is transformed by blockchain technology. Whether you’re working on connected cars, public transport, or autonomous vehicles, the DOV token facilitates a new transfer of value.

DOV – The ubiquitous unit of value for the transportation sector.

The DOV token makes it easier to capture and reward value. DOV is an ERC-20 token you earn and spend by sharing and changing the way you travel.

By | 2018-05-08T14:52:00+00:00 May 8th, 2018|Categories: altcoins, blockchain, cryptocurrency, fintech, ico, world|Tags: , , , |Comments Off on BMW piloting blocking tracking of mileage for leased cars

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Brian Wang, MBA and BSc, is a business oriented futurist, speaker and author of emerging and disruptive technologies. Sole author and writer of nextbigfuture.com, a science focused news site that covers disruptive technologies and trends globally in industries including Medicine, Technology, Science, Artificial Intelligence, Robotics, Biotechnology, Nanotechnology, etc. Nextbigfuture is Ranked #1 “Science News Blog” worldwide by Alexa, an Amazon company. Website traffic: 2M page views per month and 4M unique readers annually. Lecturer at Singularity University - provided 4 annual reviews of developments in nanotechnology. Sought after speaker at TEDx (lecture on Energy), University of Toronto (futurism) and Transhuman Visions. Contributor on 10-year plan for the Institute for the Future.