IMAGINE BEING REWARDED
FOR ALL THE DATA YOU
CREATE AND SHARE.
THE VALUE OF DATA
That data will become increasingly valuable but we need to be able to control how and where that data is used – and potentially get rewarded for sharing it. DOVU democratises the sharing and consumption of this data by connecting data owners to data consumers – introducing an unprecedented and fair value exchange between those that generate data and those that benefit from it
THE PROTOCOL
The DOVU Protocol allows ‘data owners’ (individuals, organisations, IoT devices – any source of data) to control access to the data they share, whilst being rewarded for the use of that data in the form of DOV Tokens. These tokens then feed back into the ecosystem through mobility related transactions, be that offsetting the cost of a car, fuel for that car, paying for a flight, or just riding the bus.
Smart contracts define the agreement between individuals and organisations to share and transact their mobility data in a transparent and controllable way, whilst payment channels solve the challenge of managing value based micropayments at scale. Our protocol and platform open up development of an infinite number of mobility related dApps, handling data interchange and attribution of value. Based on Ethereum, the DOV token is used for transactions within these dApps, maintaining and reinforcing the value within our ecosystem.
The DOV token is central to our ecosystem. It’s the unit of value that allows us to create this new circular economy linking consumers to data providers (and vice versa) and also rewarding those sharing data.
For our ecosystem to flourish in the transport sector we encourage use of the DOV token within it, ultimately building more value for customers as adoption and utility grows.
The DOV token is the only unit of value used across DOVU platform. Every purchase, sale, exchange or any other transaction on the platform will require the use of DOV tokens.
The number of DOV tokens will be strictly limited. A finite amount of 1.2 billion tokens will be issued, of which 300 million are available for the token sale.
CIRCULAR ECONOMY FOR MOBILITY
Companies such as Uber or Airbnb are often cited as examples of the sharing economy,
but it could be argued that they are not exactly because they are centralised. A true sharing
economy is one in which individuals and companies are empowered by technology to share
their data and—if they wish—receive payment for it.
Because blockchain can verify value contributed independently, whether you are a corporate
or an individual, the DOVU Protocol empowers everybody to be fairly rewarded for their
contribution to the mobility ecosystem. This transforms 1:1 relationships to many:many.
Imagine your car paying you to drive it. Imagine being rewarded for all the data you create
and share. Imagine being able to use those rewards for travel, services, and transport globally.
Imagine this data being used to further improve mobility services, working towards fluid
movement of goods and people in our cities. Applying this technology will transform our
thinking about data and mobility. For example, when hailing an autonomous car, insurance
considerations are recorded in a Smart Contract, micropayments are usage-based, and the
