Car industry at a crossroads. We are racing towards the future of electric cars and self -ruling driving, but it seems that something meaningful slides: the joy of ownership of cars. The emotion and personality that was the culture of cars that was once identified, and which was replaced by a less exciting world where the vehicles are just transport devices.
This article is part of the new Coindsk DePin verticalCover the emerging industry of decentralized physical infrastructure.
But what if the unlikely mix of Blockchain technology and the world of cars can this spark?
This is the place where decentralized physical infrastructure networks (DePin). While a lot of encryption focuses excessively on speculative trading and other exclusive digital products, the DePin networks link Blockchain to the material world. from HeliumDecentralized wireless networks to MakeGPU distributed platform, innovators find ways to build a better infrastructure while making ownership of physical assets more rewarding, more attractive, frankly, more enjoyable.
So, how is this related to cars? Enter Don’t do thatDEPIN network designed to improve auto ownership experience through advanced vehicle integration technology. It works by giving vehicles an identity on the chain and placing owners control the car and its data to completely cancel the services of services, experiences and new economic opportunities.
For most people, their car is the second largest purchase that they make after their home. Every year, it will cost them about 12,000 dollarsIt requires a painful pilgrimage to DMV, and perhaps even sabotage a trip with a sudden examination engine or a flat frame.
We have the opportunity to revolutionize industries only, but to change how people interact with the value around them and extract them around them
It is 2024. Modern technology should have made ownership cheaper, easier and more rewarding now. Not only you must save more money on expenses and automate all the troubles, you must earn money by liquefying your car data, something experts say it can be worth 800 billion dollars by 2030And you should be able to access a rich ecosystem from the applications and services that have been created for you and your car. The strict approach that auto manufacturers have followed in implementing smart car technology has led to the emergence of this future. It was a disaster Security, privacy and openness.
Imagine the codes of encrypted symbols just to have a car, while the data You Participation in participating in improving traffic management, better urban planning, cheaper insurance, and ultimately better value for your car. Suddenly, your reprehensible balance becomes a source of negative income.
But Debine’s potential exceeds mere financial incentives. It is related to a revolution in the entire property experience. Remember when customizing your car is a pride point? Your father may have spent weekends under his engine in 1987 Firebird. A few Polaroid may have a hideout in front of him inside a shoe box on your basement.
Debine can restore this feeling of allocation and society, but in a clearly modern way. Imagine a world where your car has a digital twin on the chain, allowing you to customize its appearance, and participate in virtual cars offers or even digital versions of the race for your true car. Your car becomes a completely new ecosystem. This distinction can extend to the ownership of cars to the real world as well. Blockchain -based systems can be equivalent to safe driving, or carbon displacement in the real world. Suddenly, your daily journey becomes a game, with valuable rewards at stake.
But perhaps one of the most exciting cases of use of Depin in the automotive world is to convert trade and registration. In our future that supports Blockchain, you can get the address, finance your car, secure it, and register in seconds, whether you are buying a new one from a merchant or a random man named Bert in Craigmost.
Your car will have its own wallet, which is able to pay for fuel, fees, or Starbucks. Don’t wait for an hour in DMV just to be informed, “You have a kind of wrong paper work, count tomorrow.” No further pulling or downloading a bad government application to pay the price of parking lots in the streets. It will be impossible to create an open and reliable system enough that can coordinate all these complex transactions, without Blockchain and DIMO.
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Of course, for DePin to really succeed in the area of cars and beyond, it needs to overcome the issue of access. For a very long time, the encryption world was a technology club, with high barriers in front of entering technical knowledge and financial risks. DePin projects need to focus on creating easy -to -use interfaces that hide the complexity of Blockchain technology. The ordinary car owner should not need to understand smart contracts or special keys to take advantage of these systems.
This is not the dream of pipes. The foundation is placed in Dimo today, where almost 100,000 cars Connect and infrastructure that will make scenarios such as a reality.
For those who are passionate about both technology and the material world, it is an exciting way in front of us. We have an opportunity not only to revolutionize industries, but to mainly change how people interact with value and inhale the value.
The principles on which DePin applies to vehicles can be expanded to almost any physical assets. Your home can win symbols by contributing to the decentralized energy network. Your smartphone can be rewarded to participate in the distributed computing network. The key is to create systems that provide immediate and concrete benefits for users while building towards a more central future centered around the user. It comes to the use of Blockchain technology not as an end in itself, but as a tool to enhance our interaction with the material world.
So, the next time you reach the wheel, imagine a future that your car does not revolve only from moving from A to B, but a smooth extension of your daily life and your personality in the real world and online. This is the future that we build. Who knows? It may make having a cold car again.
Note: The views expressed in this column are those of the author and do not necessarily reflect those of Coindsk, Inc. Or their owners and subsidiaries.
