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Carios Ico Review : Decentralized Car Data Market and Automobile

About Carios

CariOS is a blockchain project to create and operate the CariOS Market, a market where car data can be shared and exchanged. Participants in the CariOS Market are all stakeholders within the automobile industry be it car users, automobile manufacturers, or automotive service providers. They participate in CariOS Market simultaneously as data producers and consumers in a cycle of value sharing and creation. A technology-enabled economic system, CariOS Market is built on the CariOS Blockchain and supports the fair valuation of data and distribution of rewards. Accounting for adjustments in supply and demand, payouts and purchases are made with CariOS Coin.

Basic Information

Token Name CariOS
Token Symbol CAS
Social Media Carios Ico Review : Decentralized Car Data Market and AutomobileCarios Ico Review : Decentralized Car Data Market and AutomobileCarios Ico Review : Decentralized Car Data Market and Automobile
Accepting ETH
Platform Ethereum
Soft cap 12,000 ETH (5,408,280 USD)
Hard cap 66,700 ETH (30,061,023 USD)
Country Singapore
Whitepaper Click Here For View Whitepaper
Website Click Here For Visit ICO Homepage

Unsystematic Collection of Data

While data from external and in-car sources about vehicle usage, equipment, and components has long been available, the systematic collection and management of the data has been extremely limited. Most car manufacturers and service providers rely on individualized systems for data storage and management. Only with the recent introduction of connected cars, have electric vehicles, and autonomous cars enabled the use of V2X data.

Inefficient and Uncompensated Data Provision

Access to car data opens up new business opportunities for service providers to offer customized services to car users. However, because there isn’t an equal relationship in data transactions between car users and service providers (such as car manufacturers,
developers of automobile services, car insurance providers, etc.), there is also no means of rewarding car users for their provision of data. Personal data only serves as evidence of contract fulfillment, rather than amounting to any generation of additional value. In particular, service providers that are unable to provide a high level of data protection can easily end up misusing customer data beyond the bounds of agreement and even leaking the data.

Insufficient Data Security and Privacy Protection

Car data can be categorized based on whether or not it includes personal information. Car data that includes personal information must be collected and stored in a manner that provides adequate privacy protection in accordance with the rights of the data subjects.

Features For Carios

Standardized Data Collection and Car Data as a Transaction Unit

Following a car’s entire lifecycle, from the first registration of the car, to records of any accident history or services engaged, to the final scrapping of the car, it is possible to systematically collect car data for a wide variety of uses, regardless of national boundaries or type of vehicle.

Compensation System for Data Provision

This compensation model provides incentive for market participants to supply car data. In the future, active market participation and data generation incentivized by the compensation model is expected to even countries without active automobile manufacturing to establish and grow their automobile-related businesses.

Applying Data Security and Privacy Protection to the Blockchain

Data in distributed storage is decrypted on request of the data buyer, only with the authorization of the rightful data owner. This process of verifying credentials and permissions is facilitated by CariOS Platform. However, CariOS Platform is only
involved in making the peer-to-peer connections and retains absolutely no access to the data.



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Quote This article is writing on 21 Aug 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- +13098896258


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Carios Ico Review : Decentralized Car Data Market and Automobile


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