DOVU is shaping the crypto model for the mobility ecosystem. Introducing a transport focused protocol to accelerate the development of mobility related decentralised applications (dApps), the DOV token powers new business models in the transportation sector.
The DOVU platform
The DOVU platform consists of the following components, the DOVU Protocol (detailing data interchange and attribution of value), the DOV token (for payment within the platform) and the DOVU API Marketplace (the first dApp developed by DOVU).
MOBILITY SECTOR EXPERTS DOVU
DOVU is well-connected in the transport sector. In April 2017, DOVU received seed funding from InMotion Ventures, Jaguar Land Rover’s investment arm, and Creative England, a fund backed by the UK Government. Through its network of advisors, DOVU has access to the relevant professional industry networks and is well positioned to build lasting customer relationships.
DOVU API MARKETPLACE
The DOVU API Marketplace platform will provide data providers with the tools to list and sell data to consumers, and also to define costs and terms in Smart Contracts to be executed on the blockchain. Developers can contribute to APIs, Smart Contract and app developments and be rewarded in DOV tokens – this will organically grow the DOVU powered transport API 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. A decentralised global ledger combined with a token that’s required to use that ledger aligns incentives and creates more intense product engagement. Blockchain uniquely rewards early adopters. The product becomes more useful as more users join and demand for the token increases, which as a result increases the value of the ownership stake for users. In other words, token utilisation and network effects continuously reinforce each other which benefits early adopters. Using the DOV token in your business has a number of advantages over creating your own token. Building payment infrastructure is a non-trivial task. Adopting an existing payment structure lowers development cost and increases time to market. Leveraging a stable currency lowers barriers to adoption for end-users.
QUALITY and TOKENS
The ability to earn DOV tokens will have a profound effect on the quality of the ecosystem. Introducing tokens aligns incentives of participants to continuously improve the quality of the platform. Participating in value-adding activities, such as adding APIs, improving or reviewing documentation, testing APIs or answering community questions are rewarded with tokens. This does not only reward early adopters but incentivises all active community members, may they be API providers or API consumers.
Rewarding stakeholders is transformed by blockchain technology. Whether you’re working on connected cars, public transport, or autonomous vehicles, the DOV token facilitates a new transfer of value.Individuals can positively impact the future of their cities. For example, by sharing connected car data or altering driving behaviour to control traffic flow at peak times, DOV’s can be earned as a reward. Instant rewards offer a unique method to influence change.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. Connecting closed ecosystems, the DOV token is ubiquitous, providing instant liquidity and utility.Smart contracts define agreements between individuals, organisations and connected things to transact in a transparent and controllable way. Safely share personal assets, customise services, and verify claims instantly. This revolutionary transfer of value drives a new generation of mobility services.