The future of mobility in our world is diverse and integrated with a focus on person, instead of on automobiles like it is in present. Whether it is manufacturers or is new mobility companies, everyone is heading towards the future where the vehicle of tomorrow is believed to be electric, self-controlled and collective. With the greater focus on collective mobility, car autonomy, electrification, and vehicle connectivity, the amount of car generated data will grow vertical. Car generated data is the main source to making the future of mobility friendly and more convenient, it is also a critical factor to building fresh mobility services that would save consumers both time and money. From using a simple mobile application to installing a non-invasive plug and play device into the consumer's car, Moveco looks to get together and provide insights from mobility data in order to provide a safer, smarter, more convenient, and more efficient future life in mobility.
Users will earn Moveco's MOV tokens depending on the quality and quantity of mobility data shared. This could potentially lower the financial burden of car ownership while allowing users to contribute to building a more personalized mobility future. Moveco is working with partners such as Cove to build a Moveco redemption platform where MOV tokens can be used. Cove, a car sharing company invested by InMotion Ventures, currently uses Moveco’s technology to get together car generated data. The Land Rover, INFINITI & Nissan fleet on Cove will be part of Moveco's amortization platform.
Companies like Facebook and Google are at present “unpaid” to use but they come with a charge tag. This is in the form of our personal data. The idiom goes “If the product is free, you are the product”. In the words of The Economist, personal data is the “new source of energy” and companies are using data to train algorithms that run new types of services. Car generated data is crucial to building a reliable, more efficient, and favorable mobility future. Moveco looks to make a win-win situation, in which car generated data can be collected while users are rewarded.
Moveco's present products Drivebox & Drivebox Lite have the capacity to read sensor data, track routes, and interpret driving behavior. Drivebox is used in car sharing technology for functional purposes, as well as to achieve warnings of dangerous drivers. This data is attractive not only for insurance companies building scoring systems and risk models, but also companies looking to manufacture self driving vehicles. Moveco looks to reward users who constitute data through the connected car of today, which can generate information from at least 200 different vehicle sensors. Car owners willing to anonymously share their vehicle and driving data will now be able to earn Moveco's MOV tokens as rewards by installing Drivebox Lite and other partnered telematics devices.
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