Commuters become crypto users, as DOVU signs loyalty deal with rail service40

While blockchain emerged first as a platform for currency and value, its employment in the tokenization of data and information has become recognized as being of at least, if not more, underlying value. You could perhaps even use it to track movements on a grid associated with mobility. That was the underlying idea behind the launch a couple of years ago of DOVU, a London-based startup which aims to become “the global marketplace for transport data.” DOVU is backed by seed funding from InMotion Ventures, Jaguar Land Rover’s investment arm, and Creative England, a fund backed by the UK Government.

Founder and CEO Irfon Watkins aims to use blockchain to provide trust for corporates or individuals in data sets for public and enterprise use. The DOVU system works by creating a distributed marketplace for transport data. That would mean vehicle hire, insurance companies, ride-sharing and others could be connected to create a network of transport-related data resources.

Original source
https://techcrunch.com/2019/02/01/commuters-become-crypto-users-as-dovu-signs-loyalty-deal-with-rail-service/

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