Episode 28 of Public Key, the Chainalysis podcast, is here! In this episode, we talk with Alex Rawitz (Co-Founder, DIMO) about using cryptocurrency, NFTs, and advanced vehicle telemetry to connect your car to the future and maintain important data.
Public Key Episode 28 preview: Using crypto and vehicle telemetry to connect your car to the future
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 today’s guest is 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.
Quote of the episode
“You know, it’s interesting that explanation resonates so much more for me than the people who are like, “Oh yeah, your social media profile, you’re gonna own that in Web3.” You know, the way that Twitter or LinkedIn or Facebook and your relationship to them and the ownership of data or content that’s produced there, has never really struck me as like a good reason that we need to change the status quo. But what you’re talking about here with the data coming off the cars, that to me is maybe one of the best web3 use cases that we’ve encountered this year on the podcast actually..” -Ian Andrews (Chief Marketing Officer, Chainalysis)
Minute-by-minute episode breakdown
- (2:33) – The founder’s journey into crypto without a gameplan
- (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.
- Website: DIMO: Connect your Car. Claim your data
- Documentation: Intro to DIMO: Digital infrastructure for moving objects
- App: DIMO Mobile App (Apple App Store)
- App: DIMO Mobile App (Android App Store)
- Article: Telematics Insurance
- 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)
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