• IoTeX and DIMO are working together to improve the driver and fleet operator experience for millions of vehicle owners worldwide.
• This partnership will enable Web3 developers access to zero-party mobility data, unlocking the potential for groundbreaking automotive dApps.
• The partnership aims to improve driver and fleet operator experience for the 250 million connected vehicles on roads worldwide today, which could represent a yearly income of $600 by 2030.

IoTeX & DIMO Partnership

IoTeX and DIMO are partnering up to improve the driver and fleet operator experience for millions of vehicle owners worldwide. To kick off this partnership, IoTeX will build a W3bstream integration on the DIMO network and invest in reducing the cost of the DIMO Hardware for users. By integrating W3bstream onto their network, Web3 developers will gain access to zero-party mobility data, unlocking opportunities for groundbreaking automotive dApps that enable consumers and fleet operators to take control of their vehicle data.

Benefits For Vehicle Owners

This partnership is set out to benefit vehicle owners in numerous ways. Not only will it provide them with enhanced mobility services, but also improved services such as automotive finance, insurance, shared mobility, maintenance etc. Furthermore, reports suggest that data profits could soon surpass vehicle sales themselves – with 95% of all vehicles sold expected to be connected by 2030 – representing a yearly income for those owners of about $600 according to McKinsey’s research.

The Numbers That Matter

In total there are currently 250 million connected vehicles on roads worldwide today – which represents 24% of all cars – with this number expected to increase up to 2.5 billion by 2030 according to experts. In order for these numbers and projections to be met however; Digital Infrastructure Inc Co-Founder Andy Chatham believes an open approach towards vehicle connectivity is essential in order “to put vehicle owners back in the digital driver’s seat” of their vehicles.

The Evolving Partnership

IoTeX is leading DePIN technology provider in this area as they aim “to drive global transformation of mobility services on DIMO”; providing Web3 developers access into zero-party mobility data that can help unlock potentials for dApps (decentralised Applications). On top of this pioneering work being done by these two companies; IoTex have further vowed “to invest in reducing cost” associated with the hardware required by users too – making it even easier than ever before for people across the world take full advantage from what this partnership has offer them!

Conclusion

The purpose behind IoTeX & DIMO’s collaboration is simple; they want people everywhere who own vehicles today or plan too tomorrow feel like they have complete control over their own personal data within it – i terms of both safety & monetization purposes alike! With reports suggesting profits from car data could soon overtake car sales itself – it appears as if these two companies may just achieve that goal together one day very soon!