Startup DIMO Launches DePIN Venture in Japan to Help Automakers Monetize Vehicle Data
Japanese automakers have invested heavily in connected car technology, but much vehicle data remains inaccessible. DIMO, a U.S.-based blockchain startup, is entering the Japanese market through a joint venture with Hakuhodo KEY3 to address this issue. The partnership aims to assist automakers with high infrastructure costs and privacy regulations. DIMO's decentralized platform allows drivers to retain ownership of their data while providing automakers with aggregated insights for features like real-time diagnostics and usage-based insurance. Drivers can earn token rewards for sharing anonymized data. Japan accounts for about 10% of global vehicle production, and the connected vehicle market is expected to grow significantly by 2030. The collaboration will adhere to local privacy laws and involve community governance for major decisions, including a proposed $500,000 investment for equity in the new venture.
