Automaker BMW launched a pilot version of a blockchain-based platform for tracking mileage in a leased car.
Together with the automaker on a platform running DOVU, one of the five startups selected for the cooperation with BMW Group UK as part of Innovation Lab in February of this year.
DOVU, previously funded by venture unit Jaguar Land Rover, last fall raised approximately $6 million during its ICO. Blockchain startup working to create platform where users will voluntarily send data and receive reward tokens DOV.
Together with the Alphabet (a BMW subsidiary) startup has developed a system that should encourage drivers to record mileage in rented or borrowed cars.
As explained by the head of Department of development DOVU Alex Morris (Alex Morris), this system will help BMW to obtain data on the activity of drivers and vehicles of the company.
“We’re trying to build on the platform DOVU circular economy. Drivers can earn tokens but in the future they will also be able to spend on services — for example, to buy a spare tire or something like that, using the ecosystem DOVU. Partner (in this case, BMW), will determine the conditions of distribution of compensations, and they will be recorded in the smart contract. When the parameters of the smart contract are met, drivers will receive a token,” added Morris.
As an automatic system for tracking mileage are unreliable and do not provide information that the company can actually use, then BMW has decided to reward drivers of tokens for providing these data.
Under the pilot program, drivers of leased cars weekly register my mileage in the blockchain DOVU.
According to max, Lomuscio (Max Lomuscio), community Manager DOVU, the first part of the affiliate program with BMW, which was to confirm the operability of the concept have already been completed. Now the startup is preparing for the second phase, which should take another 6-8 weeks. Alex Morris shared his vision of the upcoming system:
“We want to create a universal reward system that can work with different cars. To create a wallet for the received token which you can use not only for BMW but also for their second car.”
We will remind, earlier it became known that the consortium Mobility Open Blockchain Initiative (MOBI), which involved the giants of the automotive industry (including BMW), intends to develop “uniform standards” blockchain solutions in the field of work with the data.