DAV is an Ethereum-based network that aims to develop a global and decentralized structure for the transportation industry. The platform enables the purchase and sale of transport-related services, such as the booking of journeys or deliveries. The currency required for this is the DAV utility token.
Manned rides are already possible (eg. Uber), but without decentralization. Among other things, DAV will offer a comparable service on the Blockchain, without middleman and without charge. But even here, there is no stopping, because the vision goes even further and would like to make possible future transactions with autonomous vehicles — on land, on water or in the air. Controlled by Smart Contracts, for example, autonomous drone deliveries become reality, completely without human intervention.
DAV Network Tokenmetrics
Token, Tokenprice and Presale
The DAV token is an ERC20 utility token. The price of one DAV equals the equivalent of 0.0001 ETH, which is 0.069 USD as of today. Presale has a 50% bonus. The token itself and the Crowdsale Smart Contract are being independently audited by Zero Knowledge Labs (which, however, is still in the final stages and is not yet fully completed).
Token distribution and Marketcap
40% of the tokens are reserved for investors (708,571,429 DAV). The maximum number of tokens is 1,771,428,571 DAV. Any tokens that are not sold during the ICO will be taken out of circulation and destroyed. Overall, the company’s goal is to raise $ 38 million. This value is not entirely ideal in the market at this time and may cloud the prospects for a significant short-term increase in value.
The picture above shows which parties will hold to which part DAV tokens. With just under 40% of investors’ tokens, the distribution can not be described as decentralized. Mitigating circumstances are provided by the 25% that are to be spent on bounties and partnerships and thus are not, positively, under the control of the team.
In addition to the aforementioned token burn, the team has come up with additional measures to stabilize the value of the ICO. Thus, the locked (‘locked’) tokens of the team are released only over a period of 15 months; Tokens that are in reserve are released over a period of 60 months and 95% of presale bonuses are blocked for 6 to 12 months. This means that participation in the ICO can be very rewarding, especially at the beginning, while most of the tokens are not yet transferable. However, there is still no information about when the tokens are traded on a stock exchange.
DAV Network project details
DAV, short for Decentralized Autonomous Vehicles, is a computer network designed to connect self-driving vehicles (cars, drones, trucks, etc.) with other users of the network. The ultimate goal is to develop a decentralized infrastructure for the transportation industry. The software should be able to easily communicate with the existing API of a vehicle and thus issue commands or read data.
DAV is based on Ethereum, and the DAV token is only usable on the DAV platform. In the future, however, the DAV ecosystem should not only be used to make manned rides or deliveries possible without middlemen, but above all to ensure that autonomous vehicles can interact with the system independently and thus perform services. For example, DAV has already started here and has had a first, autonomous delivery done by a drone. The entire transaction was controlled solely by smart contracts, without human intervention.
The DAV technology consists of the following 3 components:
· Decentralized Discovery — DAV enables the discovery of the different participants in the network. Vehicles, service providers and customers can locate each other.
· Communication Protocol — Standardized protocols intended to cover different transport scenarios. There are two types that can be distinguished as follows: (1) interaction by smart contracts on the blockchain and (2) direct P2P communication away from the blockchain.
· Trustless Cooperation Tools — Smart Contracts designed to facilitate the exchange of payments and service, without requiring trust in the system.
There are several ways to earn and properly spend tokens, eg by (1) providing their own vehicle for travel and deliveries, (2) offering infrastructure, eg charging stations, (3) offering customized insurance or (4) simply by further developing the platform and incorporating new ideas. The DAV code is open source and would like to actively encourage software developers to participate in the further development.
The above examples make it clear that the DAV token can be used in various ways within its own ecosystem and can perform various functions.
Market and competition
In order to be able to present the figures for the market as a whole, logistics turnover in Germany alone amounted to € 258 billion in 2016, with transport accounting for the largest share (45%). If one puts the numbers into relation and assumes that DAV can capture important market shares, in particular by the reference to the Blockchain technology, then the company still has some growth chances with a success of the project.
Self-propelling vehicles and drones are already on everyone’s lips, and large companies outside the blockchain, such as Google or Uber, are also trying to keep up with the times and invest heavily in technology. As far as drone deliveries are concerned, Amazon is immediately remembered, and DHL also seems to be making at least some mental advances in the direction of self-driving vehicles and thus starting a discussion for its own supply chain. While these companies can not be considered as direct competitors, if only because DAV offers the great advantage of decentralization, they should at least be kept in mind as indirect competition.
Project development and roadmap
In May 2018 there was already the Network Launch. The first to offer their services are companies that deal with flight planning and charging drones. This means that the DAV token can be used in connection with these services directly after the ICO. A big plus, since the token already fulfills a function at the beginning. The next big step is services in the area of travel — taxi companies, for example or a kind of Uber, Lyft (but without charge, the network is freely available). In Q4 2018, the platform should be ready and able to connect customers with providers.
Another highlight is DAV’s already published app — the name is “Missions” — which aims to connect customers and autonomous drones for delivery purposes. An integration with the first drone partner, Copter Express, is already in the works. For more information you can look here.
Still in the Q3 and Q4 2018 further milestones are to follow, as for example the first autonomous use of a charging station or the first autonomous boat mission.
In general, the roadmap will last until Q3 2019 and will not stop just after the token sale, which is a positive sign and proves that the project is designed at least in the medium term. Even small milestones are clearly visible and are scheduled at regular intervals. This makes it clear how exactly the company wants to achieve its vision.
DAV Network Team
The team consists of a total of 19 people, who can additionally draw on the expertise of 12 consultants. Also strategically valuable is the ‘DAV Alliance’, an association of members of the transportation industry to develop new standards and innovations for a global, decentralized network.
Noam Co pel (Founder & CEO) is no stranger to Isreal’s Blockchain scene. He has been an entrepreneur for 20 years and has built companies such as Metacafe Inc., VidPay and Gold Lock. In 2003, he developed the first smartphone encryption system sold in 50 countries. His knowledge ranges from decentralization and token economics to cryptography and blockchain technology.
Tal Ater (co-founder & CTO) wrote his first code at the age of 8. He uses his spare time to promote open source projects used by companies such as Walmart, SoundCloud, LinkedIn, FourSquare and jQuery. He is also an author at O’Reilly (the title of the work is “Building Progressive Web Apps”), a former R & D director & VP product at Somoto and an expert at the W3C Automotive Working Group.
John Frazer (co-founder & CCO) is the former External Relations Manager of the Ethereum Foundation and former senior member of the Devcon3 team. He has extensive experience in technology, strategic communications and marketing. He completed his MBA at Royal Roads University in Victoria, Canada.
Joe Lopardo (co-founder & CMO) has worked for big companies like Google, Oracle, Salesforce and SAP. He is also a founding member of the blockchain company Matrix Mining. He can prove his experience in the industry through his involvement in the Silicon Valley Blockchain Society.
It is clear that the management team has access to a wealth of experience in blockchain technology. The only exception is the CTO Tal Ater, who has no specialist experience, but is familiar in the transport industry. The skills and knowledge of all participants complement each other perfectly in this team.
DAV Network Consultant
All DAV Network consultants, a total of 12 in number, come from reputable companies and bring at least one relevant experience in one way or another. So is Dr. Alan Messer is the former CTO of General Motors and can assist DAV in the transport sector. Greg Colvin is the Lead Ethereum Virtual Machine Developer, and is well versed in the blockchain field. These are just two examples, other consultants worked or are still working eg at NASA, SAP, UPS or even IBM.
DAV Network ICO — Data
· Project Name: DAV Network
· Symbol: DAV
· ICO start: 11.06.2018
· Token Price: 0.069 USD
· Presale: 50% bonus
· Hard Cap: $ 38,000,000
· Token distribution: 40% for investors
DAV Network ICO Review — Conclusion
The idea needs a good team to make them successful. In the case of DAV it fits. The management has a lot of experience and brings a mix of blockchain and transportation. The advisors, who have worked for companies such as NASA, SAP, Ethereum or even IBM, speak for themselves. The founded alliance with companies from the transport industry as well as first partnerships with Copter Express or also the Australian company Slipstream show that the DAV solution approach in the economy is wanted and gladly accepted.
If one also considers the already existing hype about self-driving vehicles, drones, etc., it becomes clear that if DAV were to realize the implementation in the coming years, the company still has a lot of growth potential ahead of the general competition in the transport sector through the blockchain technology can settle. The fact that DAV already has an MVP, has completed the Network Launch in May and is testing the first autonomous drone shipments, shows that the team is making every effort to fulfill their vision.
It could be problematic in terms of technology, especially since DAV is built on Ethereum, which is particularly in focus for poor scalability. However, the team has already addressed the criticism in their FAQ and is looking for solutions.
Marko Vidrih @cryptomarks
@cryptomarks (@VidrihMarko) | Twitter
The latest Tweets from @cryptomarks (@VidrihMarko). Cryptocurrency trader, Researcher, Investor and Crypto enthusiast…
BitcoinTalk profile: https://bitcointalk.org/index.php?action=profile