BMW Pilots 'Gamified' Crypto Bonus System To Incentivize Passengers To Track Mileage

“Currently the system to track vehicle mileage across fleets inside BMW is via a card. When a driver fuels their vehicle, the gas channel is supposed to enter and keep the mileage of the vehicle, also printing the mileage on the fuel receipt. For lots of reasons such as mistyped amounts, oversight or even just being too active, this data is still at best inconsistent but often futile. ”

Based on DOVU’s blog article, optical character recognition (OCR) and machine learning will then recognize the numerics and convert them to an integer that may be verified and stored onto the blockchain. A smart contract would reward drivers using 1 DOV token for every submission.

Porsche came out in February of the year since “ initial” automobile manufacturer to check blockchain systems for use by drivers, as well as for driverless cars. Back in March, Cointelegraph reported to a blockchain-related patent bill by Ford, which similarly seeks to affect client behavior by utilizing the trade of crypto tokens to ease traffic circulation between cars.

The pilot tested a tokenized rewards system, whereas mileage data collection will nonetheless be manually input by drivers, but a DOVU token pocket app is going to be utilised as a bonus for drivers to take a snapshot of their dashboard at a specific time every week.
Within their blog article, DOVU points out maintaining the residual market values of leased vehicles is “literally where [BMW] creates its money,” and isolates automobile mileage because one most important factor that decides whether the resale value of the vehicle in question will be negatively influenced.

Published at Tue, 08 May 2018 15:49:33 +0000

Yet existing systems to manage mileage data are insufficient, as DOVU emphasizes:

BMW is now completed a pilot with crypto startup DOVU, an official blog article in DOVU outlined today, May 8. The pilot introduces a tokenized rewards system with DOVU’s ERC-20 token, DOV, that motivates drivers to track mileage on their vehicles that are leased.