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Editor's Notes

• #4: Cryptocurrency is an interesting space, because it sits somewhere in between fair distribution of value, aligning stakeholder interest, and transparency. A lot of people have heard of blockchain, but few truly understand what it is, or what it could mean for their business. Combining the underlying technology (in form of blockchain) with nudge economics (i.e. tokenised incentives), is a powerful combination with many use cases in the transportation sector. That’s exactly what DOVU is working on: a cryptocurrency you can earn and spend by sharing and changing the way you travel. Think of earning tokens by sharing data or commuting outside rush hour, or spending tokens on mobility services. Simply put, tokenising the user experience can help to increase customer growth and customer loyalty. Let’s see how.
• #5: Organisations/Gov agencies have a mandate to encourage behavioural change but little in the way of incentive to encourage that change. Consumer on the other hand lack mechanism to express their values. 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. This reward, or token, is digital and instantly redeemable across borders and services. Closed platforms limit choice, utility and ultimately adoption. Reward points remain unredeemed and ecosystems stagnate. Unredeemed reward points (10%-20%) grow balance sheet pressures, customers lose interest through lack of utility. That’s why the DOV token is ubiquitous across ecosystem. Providing instant liquidity and utility. Risk and ambiguity between various parties. This leads to higher operational costs, poor user experience, and ultimately lower adoption of solutions perceived as risky (e.g. sharing your car). Using blockchain we can facilities instant, secure transaction, even when you don’t know eachother.
• #6: Through their actions individuals contribute to the future of their cities. Guiding these actions, may that be incentivising mobility data sharing or rewarding green behavior, there is a role to play for transportation companies and government. In exchange for specific activities, such as sharing connected car data related to windshield wipers or driving outside peak hours, DOV’s can be earned as a reward. You are driving from Bristol to London and it’s raining. In your DOVU wallet you switched data sharing on. During your trip you can share you windshield wiper data with for example the government, who try to get information on hyper local weather conditions to optimise public transportation. Or data on potholes from suspension data for road maintenance. In return you receive DOV tokens. The streets of London are crowded. Very crowded. It’s not hard to imagine rewards for commuting outside peak hours or opting for greener modes of transport. In spaces where services are becoming commodities, finding new ways of cementing customer loyalty is essential. Airlines are one of them. As we observed, Unredeemed reward points (10%-20%) grow balance sheet pressures, customers lose interest through lack of utility. Making it easy for customer to get rewarded and reap the benefits of those rewards is a gamechanger.
• #7: 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. DOVU wants to shift the focus from isolated ecosystems to the underlying blockchain technology by being interoperable with other blockchain protocols (e.g. IOTA and Ethereum). Battery is an expensive component of the EV, and subject to wear and tear based on specific usages. Preserving the battery allows better residual values (resell) for the EV. In return DOV holders could exchange their tokens for subsidised EV charging. Imagine getting an allowance from your work every month for parking. Your work could top up your DOVU wallet, and whenever you park your car, the car and the parking sensors automatically handle the payment. It’s transparent and easy for all parties involved. Autonomous fleets are the future. There will be more communication between driverless cars in 2040 than between drivers and cars. These cars need to be able to communicate, and transact payments. May that be a paying for a toll road, or negotiating right of way between cars. This is a massive opportunity.
• #8: Transactions are secure and reliable, even when you don’t know each other. In essence, smart contracts are just programmable pieces of software. Smart contracts define the agreement between individuals, organisations and connected things to share and transact in a transparent and controllable way. You can safely share personal assets, customise services, and verify claims instantly. This revolutionary transfer of value drives a new generation of mobility services. 3) Let’s say you miss your flight. Via an oracle on the blockchain your insurance company can instantly validate your claim, and reimburse you within minutes, rather than weeks.
• #9: The power of these individuals components is exciting, and taken together they will drive a new generation of mobility services. We’ve completed a successful token sale, and are funded for the next few years. We’ve already got token holders in over 40 countries. The first pilot with launch in Q1 2018 with a tier-one global car company. We would love to connect with partners to build this new future with us, may that be pilot projects or strategic investment.