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Saturday, September 9, 2017

Jaguar Land Rover is backing DOVU to bring the Blockchain to the mobile future

Jaguar Land Rover is backing DOVU to bring the Blockchain to the mobile future

The Blockchain was created as an open-source, free, decentralized accounting system where transactions are recorded across multiple computers. Its first use was for tracking the first genuine crypto-currency, Bitcoin, but it could be could be adapted to track anything, including, for instance, electrons. So, for instance, if you can automatically record the flow of electricity units between charging stations and cars, you can support the growing infrastructure of charging stations.

Another is that to make autonomous driving truly viable, you will need an open platform to hand over data between you, the car, the vehicle owner (less and less likely to be you), infrastructure providers, insurers, you name it. The Blockchain could be perfect for this. Thus, now startups are appearing which plan to leverage these ideas.

A new UK startups intends to do just that. DOVU aims to become “the global marketplace for transport data.” It’s planning a token sale on 3 Oct, 2017, which will fund its distributed marketplace for the “give and take of transport-related APIs”, powered by the “DOV” token.

Now, while there as many token sales, and many other startups in mobility right now, what sets DOVU apart is that it is well-connected in the transport sector. In April 2017, DOVU received seed funding from InMotion Ventures, Jaguar Land Rover’s investment arm, and Creative England, a fund backed by the UK Government.

Full story at

Source: TechCrunch

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