Monetize your car’s data using this blockchain IOT solution

CEO: *Slaps hood of useless product.* This bad boy offers no new features but uses blockchain.

I’ve been in crypto since 2017 now and I’ve seen projects come and go. I’ve also seen a lot of projects adding blockchain to random products that don’t need it.

But now and again, a new product comes around that offers a new experience, more features, and quality of life improvements as a result of leveraging the blockchain. That brings me to DIMO, a blockchain-based IOT solution that adds new functionality to your car and even lets users earn a monthly income by choosing to share their car data with the network.

I had a recent conversation with Rob Solomon, DIMO’s co-founder where we talked about DIMO in detail, so this article is largely based on this podcast, which you can listen to down below if you like:

🎧 Listen on Spotify | Apple Music | Youtube

Cars are not smart (no really)

Before I go into how to monetize your vehicle, it’s important to understand the protocol used to do that, and what problems it promises to solve.

The problem that DIMO have identified is that cars lag drastically behind in the realm of connectivity and smart technology.