Transportation Revolution

Photo credit

When the automobile was invented back in the day, it was taken more like a joke or something fancy that will surely never replace horses and horse carriages. Fast forward 100 years, and we see horses just at the zoo or in horse reservations. The next significant development that’s going to disrupt the market, in the same way, is going to be self-driving vehicles. With the promise of General AI right around the corner, an industrial revolution of global proportions is about to play right before our eyes.

In fact, global insurance companies are gearing up to create policies that will cost a fortune if one decides to drive his car instead of letting the AI system at the wheel, driving your car is soon to be just fun but dangerous past time. With the advent of disruptive technologies like blockchain, however, we need to create a reliable infrastructure that can support scalable and reliable self-driving systems.

The DAV ecosystem

The Decentralized Autonomous Vehicles network or DAV aims to connect all potentially self-driving vehicles via a decentralized system that allows route discovery and communication using a utility token. Simply put, think Uber but without having to deal with the drivers as the vehicles will be driven by AI systems. Users of the platform will be able to call a vehicle at their location, drive to the destination and then pay with DAV tokens via a Smart Contract that ensures the scalability and reliability of the system. Coupling AI with blockchain technology can sprout substantial economic opportunities for unmanned rides and delivery services.

The challenge

For this to work though, leading organizations that are developing the self-driving technologies need to hire armies of software developers, solve issues around the perception of self-driving vehicles as people will not just give up and entrust their lives in a piece of machinery. Additionally, these vehicles eventually need recharging, maintenance and docking places. Trying to solve these issues in a centralized way, however, may restrict the pace at which research and development are conducted thus also reducing the incentives to collaborate across multiple disciplines that might accelerate the mass adoption process.

The Solution

With the help of the DAV decentralized technology stack and other decentralized protocols around key components like payment flow, mission statement and discovery, the research and development of the field will increase at an exponential rate, bringing proof of concepts to life! Having the opportunity of a decentralized, open source network means that anyone can take action to poorly served markets from around the world.

The DAV token is hard capped at 38 million USD with a Soft Cap of 5 million USD. Being an ERC20 utility token, you get 10 000 DAV tokens for each invested ETH. 40% of these tokens will be sold during the token sale while 15% is reserved for the core contributors and advisors. 20% of the raised money will consist the heft of the long-term budget, and the rest of 25% will be reserved for bounties and strategic partnerships.