Defining technological innovations has been the pinnacle of human activity in the past. These activities has been either intended to improve the human lifestyle or create something that makes it better. At the forefront of these innovations is the amazing introduction of Decentralized Autonomous Vehicle, DAV, a project with every intention to revolutionize the transport sector.
The project’s focus is to create a reliable, dependable and interactive platform where the transport service consumers can easily connect with the service providers. Sounds basic right? Hold on, the distinguishing factor of this project is that the vehicles involved are autonomous (Self-Driven) and the community of users are able to freely interact with the owners on the platform to get transportation services, either in person or delivery of goods and services.
We are talking about self-operated trucks, cars, rovers and drones. Transportation doesn’t get better than this. With Decentraization, transportation from one point to another is a click away with a common DAV token used as the medium of pay.
The service consumers an the vehicle owners are not the only active members in this platform, also Included are the software developers,who ensure that the applications operating the autonomous vehicles are up to date, the Hardware makers tasked with the physical composition of the vehicle, The maintenance crew who ensures that the vehicles are in proper working conditions, Insurers and Arbitrators. Business opportunity also opens up for the charging station owners. In the long run, a coordinated an interdependent community is created. A win-win situation is created as everyone is fairly compensated for the service provided.
The platform Created by DAV ensures that every transaction is made available to all and every service needed at a particular time publicly advertised. Through your Pseudo account, you can see where and when transport service is ordered for, maintenance service is needed, find charging stations and respond to software update request.
Why Decentralized Autonomous Vehicles?
Your curiosity may drive you into asking what’s special about this project. What does it offer and why would you want to be a part of it? Well, we’v got some answers for you. Here are 3 reasons as to why you should embrace DAV.
1) DAV is Trust Wrthy and Reliable.
The Contrasting feature that separates DAV’s blockchain and other Blockchains is that it offers a more reliable service delivery confirmation system. While it’s possible for smart contracts to authenticate financial transactions, it’s almost impossible to tell whether the physical package was delivered.
DAV solves this through its public display of transaction history, involvement of third party insurers and third party Arbitrators. It advocates for transparency and strict access control to ensure that quality service is delivered across the platform,
2) DAV is Organized
Pulling together a fleet of Autonomous vehicles, service providers and consumers, and setting them up to function properly and effectively requires high levels of organisation. DAV brings these stake holders together and ensures that they function at optimum levels.
3) Coordination
For such a project to succeed, proper coordination is a necessity. There is interdependence between the service providers and the consumers. DAV effectively coordinates operations by connecting the consumers to the service providers while stating a clear cut means of payment.
The consumers pay in tokens in exchange of the transportation services while the vehicle owners avail the means of transport. The caring station owners are also paid their due in the process. All these transactions are coordinated across public and secure DAV blockchain.
The initial step to creating an autonomous ecosystem is to create a communication network among the active platform users; autonomous vehicles, service providers and consumers. DAV avails a communication protocol built to facilitate successful exchange of services within the network. A consistent mission flow is therefore created from the initial statement of need, through bidding, service fulfilment and finally payment.
The DAV smart contracts then come in to support transfer of DAV tokens once the mission is successful. That’s how good the DAV system is orchestrated. No room for error and everything is systematically handled.
Interestingly, DAV network has kept its doors open for developers to make contributions in the project. This gives room for improvement on the already promising project. See, DAV is committed to providing satisfactory services to all. This is the reason behind the inclusion of the third party actors in the platform in form of Arbitrators and Insurers.
Arbitrators’ provides two types of services: Automated services such as being an extra key-holder in a multisignature contract, such services are often offered for free, and provision of Human intervention in case of a dispute at a fee. The fee in this case can take a form of refundable deposit from either parties involved or be deducted from the value of translation, this way disputes are amicably solved and the cohesion in the platform remains intact.
The Insurers on the other hand come in to cover the risks from unseen events that may lead to loss of value. The insurers have full history of all the parties’s transactions thanks to the decentralised nature of the DAV network.They use this data to estimate the level of risk and make adjustments on the insurance premiums accordingly. Users can therefore transact with ease knowing that they are covered.
Summary
Change is here and the sooner you embrace it the better, DAV represents a revolution in the transport sector that will not only improve the way we move around but also guarantees safety and efficiency. You get to use cryptocurrency to pay for these services which make things easier and more convenient.
What then are you waiting for? The token might just be the most valuable thing you have in your possession in future, Start now and avoid the future rush.
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