MOVECO PLATFORM : EARN AS YOU MOVE

Good day everyone,i would be writing on the MOVECO PLATFORM like i introduced the last time,click on this link in order to have an overview of it https://steemit.com/moveco/@adelekejustin01/introduction-to-moveco.Today i would be writing further on the following topics listed below;

HOW IT WORKS
TECHNOLOGY
USE CASES

HOW IT WORKS

Car generated data is important to building a safer, more efficient, and convenient mobility future. Moveco looks to create a win-win situation, in which car generated data can be collected while consumers are rewarded.

EARN MOV TOKEN AS YOU MOVE

You may have heard of Bitcoin and other cryptocurrencies. You earn tokens by using your CPU or graphics card to solve complex computations in hopes of finding the next block of tokens; this is also known as mining.

You may have also heard of Sweatcoin, a popular new offer that you can earn through physical activity. Moveco is similar whereby it looks to reward you for moving. This could be through driving, using mobility services, or simply walking. Consumers are rewarded for the quantity and quality of data shared.

TECHNOLOGY

1) Blockchain
With the revolution of blockchain technology and smart contracts, Moveco is built using state-of-the-art technologies to fit for their mobility and data centric use-cases in a secure and decentralized form.

2) Big Data / Machine Learning
Moveco’s mission is shape a data centric mobility future. Big data and machine learning plays a big role on how to understand mobility patterns and user behaviors, and to enable near real-time analytics and build predictive models.

3) Data Privacy
Moveco understands user data is extremely sensitively. They therefore implement the industry’s most stringent security standards and guidelines to ensures data is anonymized and complies to the local and global regulations concerning privacy, security and safety.

USE CASES

Car OEMs

Driving behavior data / Vehicle diagnostic codes
Vehicle usage data
User preferences to aid in vehicle design

Insurance

Driving behavior data for usage based insurance
Vehicle diagnostic codes and claim records
Targeted marketing to drive customers to preferred mechanics

Retail

Near real-time location data
Location and proximity awared marketing
Analytics for crowd traffic and peak hours optimization

Smart Cities

Traffic and congestion data
Urban Planning
Road infrastructure maintenance & design improvement

Oil & Gas

Mobility patterns
Driving and refueling patterns
Electric vehicle infrastructure development

Telco

Signal Coverage and infrastructure planning
Data consumption patterns
Data provider for connected vehicles and IoT devices

THE IMPORTANCE OF CAR GENERATED DATA

The modern car is equipped with more than 100 sensors, collecting data from driving behavior to vehicle status. Apart from phones and computers, artificial intelligence and big data will make vehicles some of the most important windows into the habits of consumers. A report by McKinsey & Co. in 2016 estimates car generated data could become a $450 to $750 billion dollar business by 2030.

As detailed in the McKinsey report "Monetizing car data", there are four main trends behind the explosion in car data availability and its increasing potential to be monetized. The future of cars is moving towards being electric, shared, connected, and autonomous.