đWhy We Exist
Data Rules Everything Around Me
Your Data
We're living in an incredible time with technology that lets us go anywhere, talk to anyone anytime, and even drive cars that don't need a driver! But to keep improving this tech, companies need a lot of information or "Data" that we all create every time we use our gadgets like phones and watches. These devices are always connected to the internet, gathering our information. Here's the twist: in this scenario, you are the product for these companies. They use our data to create new things they can sell and make more money, making us part of their business without giving us anything in return. They use our information to develop new services that make their business more valuable. When we look closely at this situation, it's like a one-way deal where these companies benefit from using our information.
We need to shift away from this business model to make sure you control your data, giving you the power and right to benefit from it financially. We need a system that works like a circle, where both you and the businesses keep sharing and getting benefits, creating a win-win situation for everyone.
Vehicle Data
Vehicles are a significant category of devices connecting to the internet. Each hour of driving generates up to 25 GB of data, equivalent to 30 hours of HD video playback. Harvard Health found that the average American spends 101 minutes driving per day. Assuming a lifetime of driving from age 17 to 78.7, that's 37,935 hours creating 948 TB of data - roughly 3,792 (256 GB) iPhones to store. This data presents new opportunities for innovation in transportation.
With the emergence of "Connected" vehicles, interested parties can access driving habits and vehicle health data. This data helps improve driving experiences, enhance safety, and increase comfort. Examples of data collected by vehicles include tire pressure, speed, energy consumption, and various other metrics.
What's the Problem
The transportation sector has developed exclusive platforms that capitalize on vehicle-related data, turning it into a profitable venture. Accessing this data, however, presents a challenge, particularly when it concerns sensitive business information that requires both secure storage and swift retrieval. Moreover, data providers are bound by stringent data collection regulations, particularly safeguarding privacy. To operate within legal boundaries, providers must demonstrate compliance with laws such as GDPR in Europe and CCPA in the United States, ensuring personal information remains confidential. Consequently, only certified providers can distribute vehicle data in a data marketplace.
The pursuit of a future dominated by self-driving vehicles, reliant on extensive data, has magnified the value of vehicle data. This situation highlights the intricate challenge of sourcing data from diverse origins while ensuring its accuracy and reliability. The variety within the vehicle ecosystem, including cars, trucks, and buses, each with distinct methods for gathering and transmitting data, further complicates matters. Public concerns about privacy and security also introduce further complexity to data sharing, emphasizing the critical need for uniform standards across the industry.
Solving these problems is crucial for leveraging vehicle data to enhance road safety and operational efficiency in the transportation sector.
Vehicle Data Marketplace
DriveChain was born from the need to democratize access to vehicle data, fostering safer and more sustainable transportation options. Our core mission is to securely organize and make vehicle data universally accessible and beneficial. We're committed to speeding up the exchange of vehicle data to improve transportation systems worldwide. Essentially, our existence and purpose revolve around the following:
The world is abundant in incredible destinations to explore. Much of our lives are spent traveling to these places in our vehicles, experiencing them firsthand. As producers of our driving experiences, we share them with those closest to us. These experiences hold valuable insights that can lead to better, safer roads and more immersive travel experiences through our vehicle's windows.
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