Review Pre #ICO #AMO Token AMO Foundation – Blockchain for the Car Data Market
Check out –> Data Trading ICO
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Car Data shared and exchanged on the AMO Market includes all data related to connected cars, electric
vehicles (EVs), autonomous cars, and smart cars. With the rapid development of these areas, there is a need
for a decentralized, open marketplace for transactions.
Market participants are all users related to automobiles be it automobile users, automobile
manufacturers, or automotive service providers. They participate in the AMO Market as data producers and
consumers, or “pro-sumers.” And as AMO Market is built on the AMO Blockchain to be a technology-based
economic system, it supports the equal participation and trading of participants involved.
The value of the data is determined by demand and supply, and the AMO Coin is used as means of payment.
This means that private data is no longer used randomly by a select few, but is used with express consent of the owner
with his/her control by those in the AMO Market. If service providers or manufacturers purchase
rights to access car user data, the owner must give consent, and even then all information and sensitive data is protected using cryptography.