Autonomous vehicles (AVs) are already on the verge of a revolution. The Decentralized Autonomous Vehicles Foundation (DAV) network enables people owning vehicles or charging stations to pay other counterparties with services they can provide them. Using this peer-to-peer system, users have access to a vast infrastructure that can take them anywhere or bring them anything. The DAV lays the foundation for a decentralized transport infrastructure that will have built-in incentives for all participants, i.e., consumers, businesses, software developers, hardware manufacturers, service providers, insurers, and arbitrators. How will the new auto world function without people?
Why Do Uncrewed Vehicles Need Blockchain?
The introduction of blockchain in various industries has changed how many key decision-makers approach the exchange of values. Blockchain-based industry applications allow for creating new ecosystems where value can be exchanged in a secure and immutable way.
A system of this nature is vital to ensure that large industry players, such as Tesla, Uber, or Alphabet, do not become monopolists in the field of Internet transportation industry. The vertical integration of all vehicles and infrastructure within one company does not currently seem to be a viable project since the industry is already too large.
“The DAV protocol refers to a set of interconnected systems that create an open-source transportation infrastructure. The entire network is predicated on these protocols, making it highly scalable and ensuring it has no single point of failure. By decentralizing protocols around communication and transactions and open sourcing its technology stack, DAV fosters cooperation in an otherwise severely fragmented industry,” said John Frazer, the CCO of the Decentralized Autonomous Vehicles Foundation. Also, according to him, the DAV open-access network technology helps remove barriers to the positive interaction of companies with one another and the use of a wealth of innovative solutions that otherwise disappear. In the AV sector, even small successes are determined either by the company or by geography, thus limiting the broader use of the technology.
Providing various organizations with equipment from different manufacturers to communicate with one another, for example, with vehicles and charging stations, plays an essential role in the spread of this industry. Use of the DAV open-source model would encourage innovation and allow a large number of people to control the pace and direction of change. Each participant (whether the vehicle client or the infrastructure owner) has a unique identifier on the network that allows the system to track transactions and create smart contracts that remain in the history of this identifier. All network members exchange information in a decentralized manner in two different ways: on the blockchain and outside of it. Communication with the blockchain is where all smart contracts are signed and where all payments and other transactions occur. Non-blockchain communication is a place where vehicles, infrastructure, and service providers “communicate.” For example, AVs will be subscribed to a certain number of service providers, who, in turn, will be subscribed to a certain number of vehicles. An AV will be able to send a message saying that it is looking for a charging station, a parking space, or a service station, and the corresponding stations in the vicinity will respond with available offers. Then the car will choose the best offer to get the desired service. Anyone can join a network intended for public use in transport, just like the World Wide Web.
As a rule, participants will be suppliers or consumers, and the latter will be those who use the services and infrastructure on the network. Consumers will be able to refer both to the people themselves and to the AVs when using such things as billing services. Suppliers can be divided into several categories. For example, vehicle suppliers are companies that provide vehicles for courier services, and infrastructure providers supply the network with charging, docking, and parking. Service providers offer the maintenance needed for the infrastructure and vehicles underlying the more extensive network. Arbitrators and insurance companies are third parties to the system. They are necessary to provide blockchain-based insurance contracts on demand and also provide independent dispute resolution. Perhaps most fundamental to the network itself is the final category of DAV members, software and hardware vendors, who are developing an open-source platform for user services that are accessible to everyone on the network. All these members using the DAV token can access the DAV network. Thus, with the help of a new system, uncrewed vehicles can become a common thing shortly, and the blockchain will ensure reliable operation of the entire network.