Dimoa platform for developers to build apps and enable drivers to monetize their data is migrating between Ethereum scaling networks, the developers told exclusively Declutter—from polygon to the foundation of Coinbase. Co-founder Rob Solomon believes this move opens doors for valuable partnerships in the future.
The project is a ‘global API layer for cars’ that aims to make every car on earth smart and programmable. This could manifest, the company says, in a future full of AI car mechanics and smart parking garages, as well as users who make money when their data is sold.
So far, Dimo has continued to build Ethereum side chain network Polygon. but has decided to make the switch to Coinbase-incubated Base Layer-2 Necklace. Solomon says this is largely driven by the plethora of collaborations that could result.
“Base is popular with builders [so] we could build deeper partnerships,” Solomon shared Declutter.
Meet the new DIMO
This is more than a new paint job: today marks the beginning of a new chapter. This winter will be filled with product updates, partnership launches, racing competitions and giveaways that redefine DIMO. The journey to a billion cars starts now. 🚘pic.twitter.com/f3sdTFrmvX
— DIMO (@DIMO_Network) November 19, 2024
In concrete terms, he points out Carioa project that offers car ownership titles in the chain, as a possible cooperation partner. As well Blackbirda restaurant loyalty company, which Dimo could connect with their food trucks or Daylighta DePIN project for energy devices such as car chargers.
Dimo’s migration isn’t expected to happen until “late 2025” as the team is still sorting out the technical details of the move. Users of the platform likely won’t have to do anything, Solomon said; at most it would be the push of a button.
“We love Polygon and they are great,” the co-founder shared Declutter. “Base makes a lot of sense for Dimo because of the influence and credibility they have with the type of large enterprises we work with. They build great products optimized for Base (e.g. ramps, paymasters, wallet systems), and their community and technology are world class.”
Created by Coinbase, Base is an Ethereum layer-2 scaling network that is the on-chain home for the major crypto exchange’s products. Considering the prominent company behind it, Base started dozens of projects committed to building and supporting the ecosystem, including Oracle Chain linkblock explorer Etherscan and the DeFi protocol Aaf.
This, according to Dimo, is a great foundation for the crypto project to achieve its long-term goal of becoming an integral part of every car company.
“In 1990, no company had built its workflow on the Internet and email. If these things were to disappear today, companies would fall apart overnight because they have become dependent on those protocols,” Solomon explains. “Dimo will be the same.”
He envisions a future where Dimo’s blockchain-based vehicle identification system will replace the current system vehicle identification numbers (VINs) – which allow you to track things like warranty claims, insurance coverage and more – which are typically stored in a read-only database.
“The blockchain will be the new de facto ledger for registrations and ownership,” he said. “All payments will be made on-chain. All credentials (insured, licensed, registered) will be cryptographically linked to identifiers in the chain.”
This future that Solomon outlines, he believes, will all be supported by Dimo’s technology becoming a crucial part of the future of the automotive industry. And this vision, according to the company, can be more easily achieved on Base.
Edited by Andrew Hayward
Credit : cryptonews.net
