Transportation Revolution of the 21st Century

Photo credit

It’s no secret that AI and machine learning technology will permeate every aspect of our lives. The transportation industry is the prime candidate for AI systems to take over. Research companies and Labs from all around the world are proving that an AI is far better at driving than us. In fact, insurance companies are gearing up to create policies for self-driving vehicles that will cost you a fortune if you decide to drive your car. It will take some time until people entrust a machine with their life but at some point, it’s bound to happen. With the help of blockchain technology, the pace of research can be significantly improved!

The DAV network

A team of visionary individuals has created the DAV network, a blockchain based transportation ecosystem that enables all sorts of vehicles to communicate, transact and discover routes with the help of DAV tokens.

Once the self-driving technology goes mainstream, with the help of the DAV network, you will have the opportunity to dispatch your car or drone to create a passive income by making deliveries around town. Whether you want to send a package, give a ride, or just have your lunch delivered the DAV network will serve as an economic bridge between supply and demand. The main advantage of DAV is that it’s based on an open-source framework and a free peer-to-peer marketplace where anyone with the right infrastructure means can sell transportation services using the DAV token. The core pillars of the ecosystem are the following:

Decentralized Discovery

With the help of DAV, autonomous vehicles will have the opportunity to discover each other and even service providers in their proximity. This protocol will highly benefit the effectiveness of all involved vehicles.

Communication Protocols

The DAV software stack has various communication protocols for different transportation scenarios. On-blockchain communication is done directly with the help of the Smart Contracts feature, a state of the art technology based on the Ethereum blockchain.

Trustless Cooperation Tools

The DAV team have developed a series of specialized smart contracts that allow trustless cooperation between buyers and sellers. The deals are directly tied to the DAV token, thus guaranteeing commercial arbitration between parties without requiring any pre-established contractual obligations.The blockchain element of the network will create a verifiable ledger of all historical data generated by the autonomous vehicles; this data can be used by insurance companies or any interested third parties.

DAV plans to become the global payment standard for decentralized automated transportation. The DAV token has a hard cap of 38 million USD. 40% of these tokens will be sold during the token sale event while 15% is reserved for core contributors and advisors. 20% is going to be invested in the long-term budget, and the rest of 25% is going to be allocated towards bounties and strategic partnerships. 1 ETH will get you 10 000 DAV tokens. The token sale will start on 30 April 2018 until 14 May 2018. So if you are interested in joining the transportation revolution go to https://dav.network/ for more information!