Blockchain technology is silently making a revolution in almost every industry like healthcare, information technology, finance, etc. with the latest addition being the transportation industry. How will blockchain technology improve the automobile industry? You might have heard about the development and testing of autonomous vehicles by Tesla, Google, Uber, etc. Many states in the US have introduced new legislation related to autonomous vehicles. Developing countries like Japan, Switzerland have also decided to allow the usage of automatic drones for delivering packages. So, the driverless cars will hit the roads very soon and share the space with conventional vehicles.
You should always think one step ahead to move in line with the advancements in technology. Right? Based on that, a new software platform named DAV is under development. What is DAV? DAV (Decentralized Autonomous Vehicles) is basically a blockchain based platform exclusively for the autonomous vehicles which will allow the user to buy/sell any service related to autonomous transportation. Like, you can easily book an AV(Autonomous Vehicle) using the DAV tokens to drop you at the international airport for a business trip. You don’t have to worry about traffic, parking, etc., sit comfortably in the backseat and utilize the free time for doing some other work. This is just one example of how you can use the platform. Read about the other interesting features of the platform below:
- Not only passengers, but AVs can also transport goods or packages from one location to another easily.
- Besides providing service to riders, the DAV platform provides incentive tokens for various players of the industry like insurance companies, vehicle manufacturers, vehicle owners, arbitrators, software/hardware developers, auto repair providers based on their contribution to the platform. For example, vehicle owners can earn DAV tokens for letting out their vehicles.
- Using Decentralized communication, AVs can easily communicate with each other to know the optimized routes by avoiding traffic congestion. AVs can also communicate with auto service providers to rectify the fault in the vehicle.
- DAV platform is building a communication protocol which enables the AVs to handle all the steps from booking to payments automatically on its own using smart contracts.
In a nutshell, an AV can drive and take care of all the needs on its own without the intervention of a human. Sounds interesting? Check out the official whitepaper of DAV https://dav.network/whitepaper.pdf to know more information about the platform.
Based on the above information, you should have understood that DAV tokens play a crucial part in the autonomous ecosystem. Yes. You are right. What is DAV token? DAV token is a utility token based on the Ethereum standard ERC and is the only way to get access to the platform. DAV tokens will be listed on many exchanges and supported by many cryptocurrency wallets. So, you can easily exchange the DAV tokens to any fiat currency or other cryptocurrencies like Bitcoin, Ether, etc. These tokens will be available for sale during the initial token sale event. Kindly visit https://dav.network/ to learn more information about the pricing, sale procedure and availability of DAV tokens.
I truly recommend DAV as an ICO and as a project to invest in. In my opinion, the idea behind it is up to date and will bring plenty of benefits to both investors ans users.
DAV is a great project and a good investment for the future.
Very helpful post sir
Thanks!
this is an insightful post... i will like to see blockchain do more in the healthcare sector
Thanks!
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