DAV Network: Five Main Components

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DAV is working hard to be positioned as the first software platform that allows people to buy or sell services related to transportation in a decentralized ecosystem. The work was done by the company so far allows integration with any vehicle with smart features to use its capabilities to trade information regarding the driving environment with nearby users or with other operators.

DAV has a technology stack built on five decentralized components, and every single one of them is an essential part of a network that keeps the system running. Let’s take a look at what they are:

Decentralized Identity

When users begin their interaction with the DAV network, they must create their own identity. The pseudonym works for anyone willing to offer their services or anyone looking for them, they are unique to each user, and they offer anonymity that can only be traced to the blockchain logs of the company.

The interface developed by the team offers strict control over the manipulation of each identity such as an encoded key connected to the user’s digital wallet that allows them to sing smart contracts and to review his behavior inside the platform. The added security features for identities allow vehicle owners to check for public transactions of potential users, third-party arbitrators, and insurance services.

Decentralized Discovery

This is the way how vehicle owners adapt their rides to new environments by allowing the smart features of the vehicle to create a registry of the support system required to keep going while it’s on the road.

The vehicle’s sensors keep track of every service station, parking spot or even road hotels and deliver that information into the Blockchain ecosystem using P2P protocols based on Kademlia to share the information with other users or even with other networks. The DAV platform will keep the registry updated as it suffers variations or new information is dropped by other users.

Decentralized Communication

The working communication system allows for two types of contact. One is done within the confines of the DAV ecosystem, and it’s called On-Block communications it’s done with instant messaging done through the log of every smart contract. With each action working as an independent report such as transfer of funds or the delivery of a package.
The other type of message is called Off-Block communication and it’s usually done between two nodes, one providing a piece of general information and other distributing the collected data to the interested parties looking for that specific kind of knowledge.

Decentralized mission flow

This feature allows independent vehicles and services to find out about their capabilities to coexist and communicate with each other by enabling the opportunity for the organization. The DAV network will help with the flow of communication required to achieve mission achievements from the very moment that interested parties make contact using the bidding process to provide the transportation services. They will also keep track of the quality of the service and the release of the payment.

While most of these steps are taken within the platform, the smart contract will be the defining trait that handles the specifics of the deal. This has been specially set up to allow independent operators to associate themselves with their perks and improve the chances of fair earnings for everyone.

Decentralized Payments

These are handled using the DAV’s tokenized utility built on ERC-20 protocols based on Ethereum. When a token is used to pay for a service, it will keep the registry of usage and the identities that have previously used it for transactions within the ecosystem or old fashioned trade. To learn more about the virtues of this toke utility as well as additional aspects of the DAV’s infrastructure you can check https://dav.network/.