🖥 User-Owned IOT System

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DIMO - decentralized vehicle data network

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DIMO - decentralized vehicle data network

One of the promised benefits of Web3 is decentralization – a decentralization that minimizes the reliance on platforms and also allows owners to have control over their data. The emergence of IoT in the automotive space is powering connected cars and creating a significant amount of valuable data – data that’s often being sold to third parties through OEM systems,without the knowledge of the owner. DIMO is a decentralized vehicle data network that allows drivers to submit their vehicle data to improve the future of transportation while managing the vehicle’s performance and health. The company is in the process of launching a token to compensate drivers for submitting their vehicle data but also to build an ecosystem for developers and data end-users to equitably access and use the network data.

Cars produce more data than any other consumer device – 1500x more data than web browsing. The DIMO platform has a multitude of uses today as the data can support things like insurance, maintenance, financing, used car sales, fleet operations, and charging infrastructure. As the number of connected cars increases, the platform is agile enough to support new applications.

At DIMO, we’re enabling people and fleets to collect data from their vehicles in as many useful ways as possible. Onboarding vehicles is the first step towards building a user-owned platform that can support open, safe, and clean mobility applications of the future.

Recently, DIMO announced the ability to add the vehicle by VIN, as well as the DIMO x AutoPi Data Miner, which is a hardware device that plugs directly into a vehicle to collect and store data from nearly any car that is less than 10 years new. Some of the newer cars can be connected through a software built by DIMO’s partner SMARTCAR.

Andy Chatham is the co-founder of DIMO. Dimo has raised a total of $9M in funding.