The cars of today are generating and processing unforeseen amounts of data. The advancement of the automobile industry has brought with it developments like the connected car, the electric vehicle, and the autonomous car. Cars are now becoming moving hubs of information, not merely a means of transportation to take one from point A to point B. This new concept of automobiles is changing how we think about time, money management, entertainment, and life overall.
The five key elements driving the smart car revolution are Security, Platform, Autonomous, Connectivity, Electrification—also abbreviated as SPACE. Each element contributes to the car data used to improve the quality of automobile services. In the automobile industry, car data plays a central role in supporting service development; hence the success of business efforts tends to be determined by the availability of car data. This is why there is an urgent need for a car data market that both smoothly facilitates the sharing of car data and also guarantees the security and credibility of the car data and the market itself.
CariOS Market is a car data market centered on CariOS Blockchain and CariOS Platform. CariOS Blockchain and CariOS Platform will be developed by security experts through the application of blockchain technology to Cheetah mobile’s existing technologies, namely AutoSafe, AuthentiCA, and CariOS CryptoWallet. CariOS Market will contribute significantly to revitalizing the automobile industry by deriving additional value from car data and incentivizing participation and interaction in the CariOS Market.