The opportunity of DVDex
1 min readFeb 20, 2021
Vehicle data has value.
- When you buy a used car and have to choose between two, you choose based on data. Now depending on data — you either win or lose (make the right choice or not).
- When OEM wants to improve its vehicle quality — it needs data, as data from their internal sources does not suffice.
- Large funds make market predictions based on vehicle data, as it is a good indicator of specific economic signals.
The demand for quality data is high, but there is not enough of it.
The opportunity lies in a great deal of mismanaged junk data that is collected by many medium to small size parties. The reason for this data not being appropriately managed is a fundamental lack of incentive. DVDex (Decentralized Vehicle Data Exchange)will create that incentive. Correctly collecting, storing, and maintaining data will be rewarded (in cV Tokens).