AMO - Blockchain for the card data market
AMO is an automobile industry ecosystem based on blockchain technology for sharing and exchanging car data. AMO is for car users, service providers and for manufactures. Due to the rapid developement in the electric cars, smart cars, autonomous vehicles there is a need for decentralized marketplace for transactions in the automobile industry. Today car data is under control of specific companies, the data is centralized. Presently you will find lot of car manufacturers, each manufacturing company stores their car data and they will not share it to any other car company. With AMO marketplace car data will become public asset, everyone can access the data.
Problems with the current ecosystem :
Today cars are becoming smarter day by day, in the market you will find smart car, electric car etc. The car data includes user data, V2X data, car data with roadside units. This enormous data storing is out of control. Even the car insurance providers stores the car data and users data. The sustainability of the data is important. Car is a very complex unit. Automobile industry today needs a technology for storing car data. Today the car data is stored in unsystematic way. The problem with the format of collection of data is vary from manufacturer to service provider. In some cases the data is technically incompatible. And also the data we collect today is insufficient. It is unfortunate that even today we rely on portable devices for storing data. And the privacy is major concern here.
AMO's solution for these problems :
AMO wants to expertise automobile industry by creating a secure and reliable environment for storing car data. AMO collects and stores car data in the blockchain with AMO data collector. A software is embedded into cars telematics system, mobile application and data collector for V2X devices. These devices collects data with user data, in car data and V2X data. And stores the user chosen data into the blockchain. The data includes vehicle registration, driver habits, accident information, service and even scraping of car. AMO efficiently stores the data in an ordered manner. AMO also compensate users who share their car data with it by giving AMO coins. The shared data will help to provide quality service to the user.
AMO infrastructure is build by Penta security systems which has 20 years of experience in the automobile industry. Which helps to connect automobile industry with IOT (internet or things) environment. It's a great opportunity for you to invest in this ICO. Know more about AMO here : https://amo.foundation
Read Whitepaper : https://amo.foundation/downloads
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About Author : Abhijeetcg