One of the industries that are being heavily affected by the changes in recent technologies is the transportation industry. Today we will review DAV a transportation and blockchain company.
What Is DAV?
DAV is the name of a new blockchain-based transportation company which has appeared on the market. The company is currently building a decentralized structure to use for transportation using the blockchain technology.
One the main aspects in which DAV is interested is in the creation of vehicles which drives themselves, something that we have been reading about on science fiction stories for a while now but which are going to be true soon. As soon as these vehicles start to be used by the population, you will not hire drivers anymore, but cars. “How do you hire a car” is the question asked by the CEO of DAV, Noam Copel.
The main goal of the company is the construction of a network which will possibilitate the connection between the people who need to use cars and the people who own cars which can be rented to transport them.
Some of the supporters of DAV are SAP, Google, Nasa, Equinix, Ethereum, Ups and GM. If some company is backed by Nasa and Google, then you can be completely sure that this might be a very special company indeed and worthy of keeping your attention. Companies like H³ Dynamics, Husarion, Scorpiox and Advanced Aircraft Company are already cooperating with the company too.
How Does DAV Decentralized Autonomous Vehicles Token Work?
DAV intends to create an open source protocol which will create a decentralized network of on-demand vehicles to transport people anywhere. Anyone would be able to purchase a vehicle and use it in the system. As this will be an open source network, many companies will be able to participate and offer their services in the system.
By using the system, you will be able to find cars near you and the system will make the connection between you and order them to drive straight to you. All the process will be made via smart contracts based on the Ethereum blockchain. Smart contracts are automatically enforced, so this means that everybody will receive their share in the process.
No company will control the DAV network, but every company will take part on the platform. This will be useful for a more free market in which every company can do its best to achieve the best results in the market. It does not matter if the company is small or big, they would all be connected to the DAV platform and have the same rights as the other companies. Even individuals would be able to participate in this market.
For the user, this can be a great idea because they will be able to get anywhere faster than by using Uber and can send or receive anything in minutes if they live in a city with many automated cars. Also, service providers can inscribe their business to the platform to make sure that the cars are running smoothly and doing their job well.
The decentralized protocol and the use of blockchain make DAV unique in the market today because there is no other company trying to do the same. The usage of the blockchain technology enables a global payment structure, a decentralized system and verification (and thus, security).
The company will use its own cryptocurrency, the DAV tokens, for all the payments on the platform.
DAV Network ICO Details
To invest in DAV you have to buy the DAV tokens during the Initial Coin Offering (ICO). The token sale will go from April 30 to May 13. The soft cap of the sale is $5 million dollars and the hard cap is $38 million dollars. With 1 ETH you will be able to buy 10,000 DAV tokens.
Is DAV a good investment? You can be completely sure that it is. DAV is a platform that not only seems to have a good grasp of business and a novel idea, but it also has companies like Google and NASA backing it. This is huge. If a company is supported by Google, you should definitely invest in it because it is very probably a great investment that can enable you to get a great return on investment.
Also, if you plan to use the system in the future, it is a smart choice to buy the DAV tokens right now. This service will probably only really be operational in the far future, so it might be an excellent idea to buy the tokens right now because their price will really go up from what it is today.
Our blog recommends this company as one that you should pay attention to. DAV seems really very interesting and it might offer you a great return on investment if you decide that this is the right investment for you to make right now.