Connected Car Data - Creating new business models
Lead Participant:
THINGFUL LIMITED
Abstract
This project assesses the feasibility of real-time vehicle data sharing within a decentralised system of data
producers and consumers, making use of data from embedded automotive connectivity modules. We
demonstrate a system for making vehicle data accessible to a variety of third parties through an IoT system that
mediates access via a decentralised and trustless transaction management system, with drivers' explicit
consent and incentivisation. It will be built on technical and business model innovations that we at Thingful are
already developing for other verticals. The potential of connectivity and increasing level of sensor based
automation in vehicles is not being harnessed due to a lack of a clear value and business proposition for
automotive OEMs. This feasibility work will demonstrate that creating a sesnor data service for automotive
aftermarket channels, app developers and other parties (that are affected by or have a direct interest in the
automotive value chain) accelerates value creation in the industry and will show how a technology like Thingful
enables and supports it.
producers and consumers, making use of data from embedded automotive connectivity modules. We
demonstrate a system for making vehicle data accessible to a variety of third parties through an IoT system that
mediates access via a decentralised and trustless transaction management system, with drivers' explicit
consent and incentivisation. It will be built on technical and business model innovations that we at Thingful are
already developing for other verticals. The potential of connectivity and increasing level of sensor based
automation in vehicles is not being harnessed due to a lack of a clear value and business proposition for
automotive OEMs. This feasibility work will demonstrate that creating a sesnor data service for automotive
aftermarket channels, app developers and other parties (that are affected by or have a direct interest in the
automotive value chain) accelerates value creation in the industry and will show how a technology like Thingful
enables and supports it.
Lead Participant | Project Cost | Grant Offer |
---|---|---|
THINGFUL LIMITED | £240,113 | £ 168,079 |
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Participant |
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INNOVATE UK |
People |
ORCID iD |