DIMO

DIMO, short for Digital Infrastructure for Moving Objects, is a cryptocurrency that aims to enhance the way vehicle owners interact with their cars. It provides a platform for users to collect, use, and monetize data from their vehicles. Built with open-source components, DIMO aims to increase privacy in IoT networks, thereby fostering trust among users and developers. It operates on the Ethereum Virtual Machine, using blockchain technology, cryptography, and real-world hardware to establish a blockchain-based identity for users, vehicles, and more.

DIMO operates by using licensed hardware devices and approved software APIs to cryptographically attach telemetry data to vehicles and trips. It allows companies to issue verifiable credentials or other blockchain-based identity primitives to users, vehicles, or trips, providing a claim. Users have the ability to self-custody their data and choose which data they want to share and with whom. Furthermore, app developers and data consumers can acquire a license to advance new technologies, build improved versions of existing businesses, and create entirely new app categories.

DIMO has potential use cases. It allows vehicle owners to get more out of their cars by collecting, using, and monetizing the data from their vehicles. Developers and data consumers can build apps and services on this open platform. Companies can issue verifiable credentials or other blockchain-based identity primitives to users, vehicles, or trips, making a claim. Users can self-custody their data and choose which bits of data they want to share with whom on a case-by-case basis.

The history of DIMO is rooted in the desire to improve the way vehicle owners interact with their cars. The platform was built with open-source components to aim for increased transparency, privacy, and reliability in IoT networks. It uses the Ethereum Virtual Machine, cryptography, open-source software, and real-world hardware to establish a blockchain-based identity for users, vehicles, trips, and more. Over time, DIMO has grown to allow companies to issue verifiable credentials or other blockchain-based identity primitives to users, vehicles, or trips, providing a claim. It has also given users the ability to self-custody their data and choose which data they want to share and with whom.