BMW has partnered with the crypto startup, DOVU and has recently completed a pilot together. DOVU outlines the details in an official blog post. The pilot involves a tokenized rewards system which used DOVU’s ERC-20 token called “DOV” and will encourage drivers to track their mileage on a leased car. BMW and DOVU has struck a partnership and just recently

In the blog post, DOVU has stated that “preserving the residual market values of leased vehicles is literally where [BMW] makes its money,” and that car mileage is the most important factor that will determine the resale value of the vehicle. However, existing systems to track data about mileage is still not enough. As DOVU pointed out in their post:

“Currently the system to track vehicle mileage across fleets inside BMW is via a fuel card. When a driver fuels their vehicle, the fuel station is supposed to enter and store the mileage of the vehicle, also printing the mileage on the fuel receipt. For a number of reasons including mistyped numbers, oversight or even just being too busy, this data is at best inconsistent but often useless.”

BMW and DOVU’s pilot tested a tokenized rewards system. The system will still require drivers to manually input their mileage data, but a token wallet app by DOVU will incentivize drivers to be proactive in taking a snapshot of their dashboard during a specific time per week.

In addition, DOVU incorporated optical character recognition and machine learning to identify numeric that can be verified and stored on the crypto startup’s Blockchain. A smart contract will provide drivers with 1 DOV token as a reward for every submission.

Porsche was the first car manufacturer to use a Blockchain system for their drivers and their driverless cars back in February. Back in March, Ford was revealed to have filed a Blockchain-related patent, which aims to influence drivers’ behaviors by exchanging cryptocurrency tokens to navigate traffic flow between vehicles.