- Enabling drivers and fleet operators to own and monetize their connected vehicle data
- IoTeX continues to take demonstrate why it is the leading DePIN technology provider
- DIMO puts vehicle owners back into the drivers’ seat offering enhanced mobility services
IoTeX and DIMO are working to improve the driver and fleet operator experience for millions of vehicle owners worldwide. To kick off the partnership, IoTeX will build a W3bstream integration on the DIMO network and to invest in reducing the cost of the DIMO Hardware for users. IoTeX’s goal is to drive the global transformation of mobility services on DIMO.
Integrating W3bstream, the first smart device-to-smart contract off-chain compute infrastructure, onto the DIMO network, allows Web3 developers access to zero-party mobility data, unlocking the potential for groundbreaking automotive dApps that enable consumers and fleet operators to take control of their vehicle data. These dApps will also unlock significantly improved services, including automotive finance, insurance, shared mobility, maintenance, etc.
Numbers that matter
The DIMO-IoTeX partnership aims to improve driver and fleet operator experience for the 250 million connected vehicles on roads worldwide today, which represents 24% of all cars. By the end of this year, that number will increase to 350 million; by 2030, experts expect it to reach up to 2.5 billion. Furthermore, there are reports that data profits could surpass vehicle sales.
A McKinsey report recently revealed that by 2030, 95% of all vehicles sold could be connected, and in that same study, they estimated that by then, data from advanced vehicles could represent a yearly income
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Author: Adrian Barkley
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