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DAV is a transportation platform that works on the Blockchain technology. As an open-source software platform, DAV enables any individual to either purchase or sell services of autonomous transportation in a market that is fully decentralized.
DAV has been designed to consolidate in any kind of autonomous vehicles such as a car, ship or even a drone. This, in turn, gives these vehicles an opportunity to communicate, discover, and carry out business with one another using DAV as the digital currency.
The DAV Network ICO invites merchants who want to be part of a network of autonomous vehicles, which will definitely form the future of transportation.
The DAV Technology
As earlier indicated, DAV is a framework of a free, decentralized marketplace, open-source hardware, and an open-source software where any person can choose to either purchase or sell the autonomous transportation services using the DAV token.
The technology has been made up of three main components, which are listed here:
• Decentralized Discovery – DAV enables these uncontrolled vehicles to discover themselves, and even other clients and service providers that are close to them. Using a peer-to-peer protocol that does not operate with any kind of central server, DAV utilizes a decentralized node discovery. The nodes are instead listed in a distributed hash table that can be accessed more easily.
• Communication Protocol – This is the second component that makes up the DAV technology. For different transportation needs, DAV identifies a list of assimilated communication protocols. The communication is further subdivided into two main groups; off-blockchain communication that is carried out on P2P through the DAV Network’s protocols.
The other one is the on-blockchain communication that is carried out by calling smart contracts via the events they have emitted.
• Trustless Cooperation Tools – This is the last component of the DAV Network. Through using an assortment of specialized smart contracts, DAV is able to achieve trustless cooperation between transportation service traders. These smart contracts allow multi-party contracts that exist between the seller, buyer and even at times, the insurer, and arbitrator. They are connected directly to the DAV token. Thus, they assure great financial resolution for the transactions that are done between different parties without the need of a pre-determined trust.
The Team
DAV Network is managed by a team of professionals. It is currently headed by Dr. Alan Messer who is the current Automotive Advisor. Before joining DAV, Dr. Messer was the General Motors’ CTO. The Aerospace advisor is Dr. Scott Horowitz, who worked as an associate administrator at NASA and a space shuttle astronaut.
Summary
In the end, DAV Network seeks to offer a fully decentralized system that is not under the control of any financial organization, company or government. This would be the best payment standard that can be used between automobiles and their supporting infrastructure.
DAV also enables an easy-to-verify ledger that contains historical data regarding the autonomous vehicles, their users as well as other service providers. It can even assist other service providers as insurers.
It also comes with a built-in smart mission contract that allows trustless cooperation between service providers and a number of vehicles.
Coti strongly believes that in the near future, digital currencies will take the place that is currently taken up by cash, coins, cheques, and other payment cards. COTI’s main aim is to work as the Internet’s best digital currency that can be used by various customers across the universe.
At the moment, several payment platforms have failed to offer effective commerce transactions, leading to increased fees and reduced rates of approval. COTI introduces a payment system that is created to solve the payment challenges witnessed today and give the consumers greater peace of mind.
Powered by XCT as its native currency, COTI seeks to blend the best of the current processes of payments and blockchain technologies to provide not only the most effective but also a means that is trusted, fastest and easiest to pay with.
The COTI’s Crowd & Token Sale
The creation of COTI was mainly based on the idea of coming up with an advanced network of payment that would be widely used by both sellers and buyers. Its main hope is to be the main promoter of the application of the virtual currencies in use cases that involves payments.
Coti’s token sale is ongoing at the moment, just as the private sale is coming to an end. It has been revealed that a total of 80% of the tokens that had been earlier issued will be offered for sale as well as reserves.
Here are the main strengths of the COTI platform
As a payment platform, COTI is much aware of all the weaknesses that this industry has been facing for a long period. It is therefore determined in offering the users what they have been long waiting for. It has a mission of accomplishing a total of eleven objectives, which would, in turn, ensure that their main payment platform is effective than others that are currently used.
The hedging services and mediators will ensure that various businesspeople are convinced to begin using XCT, COTI’s native currency for digital currency payments.
COTI platform has been strongly built on the Trust Scoring Engine, which will give the merchants the peace of mind and confidence they need as they continue with their services.
COTI’s Team
COTI is made up of a diverse group of persons that have a good background in engineering, particularly software engineering. The current CEO is Shahaf Bar-Geffen, who also co-founded WEB3, a top ranking service provider for digital media adverts.
The Department of Software Engineering and Research is headed by a mathematician known as Erol Hallufgil. Erol has helped several fintech firms to come up with CRM solutions.
The team also has a myriad of advisors.
Last Word
Coti’s main commitment is to offer a positive user experience to its customers. This would, in turn, give the sellers and buyers an opportunity of transacting on a payment platform that has the most reduced fees and improved security.
Although it might take COTI considerable amount of time to be accepted as the best payment option for cryptocurrencies, it would definitely be the leading method across the globe.