Mobility

DOVU - using blockchain for smart mobility

The transport and mobility sector face a vast and growing number of challenges in the face of constantly evolving consumer needs, governmental demands and market requirements. Data and behavioral influence are key components in understanding and helping change consumer behavior.

DOVU is a platform that creates a value exchange between consumers and those that benefit from their data or contributions that benefit the mobility space. The initiative aims to crowdsource high-quality transport data from large numbers of grassroots users, storing this on the blockchain and making it available to developers and companies in return for ‘tokens’. Consumers can earn ‘tokens’ for sharing their mobility data or performing rewardable activities such as changing travel behavior, in order to become eco-friendlier and spend less time in cars. These tokens then feed back into the ecosystem through mobility related transactions between the actors within the ecosystem of DOVU, e.g. it is possible to use the tokens to reduce the price of an Uber journey.

In short, DOVU aspires to offer consumers to:

  • Earn tokens for sharing data and working to reduce CO2 output.
  • Spend earned tokens on carbon offset projects, products or services within the ecosystem of selected partners.
  • Create a personal Offset project using the available API service with peer to peer transfers between DOVU wallets.
  • Measure their individual impact on the health of the Planet.

Partners

InMotion (Venture Capital), Creative England (investment firm), Token Market, Changelly (cryptocurrency exchange), Gold standard, Jaguar, Landrover and others.

Funding

InMotion (Venture Capital), Creative England (investment firm), Token Market, Changelly (cryptocurrency exchange).

Aim/Vision

DOVU is shaping the crypto model for the mobility ecosystem. Introducing a transport focused reward platform to power new business models in the transportation sector.

Urban Trends & Innovations - selected learnings

“Currently, there is no reward mechanism for an individual to contribute value back into the ecosystem, such as sharing data with service providers, or sending electricity back to the grid. In essence this means that an important well of value is left untapped, needlessly slowing down the process of innovation. As it stands, we’re facing a world with self-driving cars, where you still need to fill out paperwork for insurance, pay per fixed units of an hour, and you don’t control your own driving data. Thankfully, blockchain is exceptionally well suited to solve these problems. “

Influential Trends

  • Tech trend: Gamification, Blockchain, IoT, Big data, Algorithm design, Sharing economy, Open digital infrastructure
  • Societal trend: Individualism, Transparency, Ecosystem networks, Circular society, Neo-collectivism

UN sustainability goals

This case can be linked to SDG no. 9 - Industry, innovation and infrastructure - due to the focus in innovating the mobility sector, and no. 11 - Sustainable cities and communities - as it can be used to nudge people towards a more sustainable travel behavior.

References

No interview - using online information only
https://www.dovu.io/