Starting with cars

The MoDriv team is committed to developing a platform that garners widespread support from consumers, developers, and enterprises, focusing on the most influential category of IoT devices. Our strategy involves expanding the range of devices and applications MoDriv supports as we scale and further decentralize the protocol.

We zeroed in on connected vehicles using this formula: 📶 Coverage X ✅ Quality X 📈 Demand = 📊 MoDriv Total Value

📶 Coverage How many devices can connect and how much data do they generate? With over 275 million cars in the US and the fact that cars produce significantly more data than most consumer devices, the potential for data collection is immense. Technologies like ADAS and vehicle electrification are set to drastically increase the amount of vehicle data available as they continue to evolve.

✅ Quality How reliably can data be sourced and at what frequency? Vehicle data, being open and accessible with the right tools, is increasingly available. Movements like Right to Repair and the rise of car hacker communities have empowered vehicle owners to easily capture and transmit car data in a usable format.

📈 Demand Who needs this data and to what extent? OEMs are making substantial investments in electrification and automation of vehicles. Systems like batteries and ADAS have significant potential risks, which can be mitigated through better data utilization, feeding crucial performance insights back into the supply chain.

📊 MoDriv Total Value Connected The broader market for transactions based on EV data that MoDriv can collect and authenticate is large and rapidly expanding. This includes areas such as insurance, maintenance, financing, used car sales, fleet management, charging infrastructure, and beyond.

Currently, vehicle owners are often left out of the data monetization process. Companies like Wejo and Otonomo are buying data from automakers without the knowledge of the end users, likening cars to non-deletable Facebook accounts. This OEM-centric model also hampers the availability, reliability, and objectivity of data, creating a challenging environment for developers who could otherwise create added value for connected vehicle owners.