DIMO deployed a decentralized automotive data insight network in a bid to give users better command over their own vehicle data.
Users that plug their cars in and provide information to the network will receive an airdrop of tokens over the next three months that, among other functions, provide a governance utility to network participants. Ongoing token rewards for users who offer viable telemetry to the network are to be distributed on a weekly basis.
The decentralized alternative gives users a way to monetize their data. The existing user-data marketplace is primarily used by corporations for corporate interests. Currently DIMO’s vehicle network consists of 4,200 cars, including 480 different models that have streamed nearly 24 million miles worth of data.
An important distinction between DIMO’s approach versus data collection tools present in original equipment from manufacturers, referred to as"OEMs" in the industry, is that DIMO does so on behalf of the vehicle owners, Chatham explained.
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