Did you know that your car could produce up to 25 Terabytes of information a day? Now imagine if you owned that data and could use it to get discounts on your car insurance or possibly have your favorite mechanic virtually conduct diagnostics to ensure your car is ready for a big road trip!! Sounds futuristic, but host, Ian Andrews (CMO, Chainalysis) sat down with guest, Alex Rawitz, one of the co-founders of DIMO, a company that is using cryptocurrency and advanced vehicle telemetry to connect your car to the future.
Alex discusses his road from account executive at Chainalysis to entrepreneurship and explains what really happens with all the important data that your car produces. He describes the impact of this data on vehicle insurance and overall driver experience and how cryptocurrency, decentralization and NFTs will enhance vehicle ownership and usage.
Minute-by-minute episode breakdown
(2:33) – The founder’s journey into crypto without a game plan
(4:39) – How to get real world battery data about electric vehicles
(7:07) – What is connected car telemetry and what data is being captured
(12:55) – What would happen if you merged mining cryptocurrency with automotive data?
(16:48) –What data are insurance companies actually capturing and how can insurance products build on top of DIMO
(21:58) – Why Crypto? The reason why crypto is added to the DIMO technology and community
(26:55) - The decision to launch on Polygon and following inspiration from the Helium network
(31:50) - NFTs being used to create a digital representation of your car
(34:43) - Can DIMO assist in the surge of global car thefts with their technology?
Check out more resources provided by Chainalysis that perfectly complement this episode of the Public Key.
Report: The Chainalysis 2022 Geography of Cryptocurrency Report
Speakers on today’s episode
Ian Andrews * Host * (Chief Marketing Officer, Chainalysis) https://www.linkedin.com/in/ianhandrews
Alex Rawitz (Co-Founder, DIMO) https://www.linkedin.com/in/alexrawitz
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