Hi, this is Jade from Block Info
I took off my braces today
so my pronunciation is not good
and I spit a lot
so please understand my situation here. Thank you.
Today let's talk about AMO project
'AMO is a project that shares car data
able to sell and buy car data
A company that made AMO has long experience in the security field.
The company name is Penta Security
this company started in 1997 as an IT company in Seoul, Korea
so it's been about 21 years now
and from 2007 to 2018
they ran car data business for 11 years
Penta has about 120 developers today.
They also have company in Japan and US.
I personally like this kind of strong company's project with many developers
of course, I can't be like "oh wow I'm gonna invest right away"
because blockchain is another type of technology
Penta started to work on blockchain since 2015 for about 2-3 years
Currently, I'm in their airdrop event
So, if you want, check out the end of this video to know how to participate
So AMO store every car data in blockchain A to Z
The user, the driver can provide data and get AMO coin as a reward
so when you drive from work to home, you can sell that data
Then, manufacturer and car insurance company will purchase that data with AMO coin.
So car data from users go into AMO blockchain and market
manufacturers buy the data
with AMO coin, I can charge gas, eat food at the gas station, pay parking fee
Or I can exchange it into KRW or USD
This cycle would make a good environment for AMO market
There are 3 car data
In-car data from inside of a car
V2X data from connecting car with the road, other cars, traffic lights etc.
and user data
Just like folder phone -> slide phone -> smart phone,
The cars also developed into electric cars,
and into self-driving cars
people call this smart car
But your car also can be a smart car. How?
There's a OBD port you can install in your car; AMO Data Collactor
this can get in-car data
so you know which part of the car is broken,
and alert you when you have to change some car componants
with this data collector, data can be share and stored
even for electric car, when you charge it, it can sync the data too
just like when I charge my phone on a computer, data also sync
so in-car data can be shared easily
for example, a distance of driving
speed, gas fee, tire pressure, oil quantity, etc
Second, V2X data, connected car
you car connects with a car next to you, in front of you and behind you
a pedestrain passing by
also connects with the roads, signs, traffic lights, cars
when cars connet like this
self-driving cars can be popularize more easily
And your current car also can be a connected car, HOW?
If you install communication module,
there are smart roads in Daejun and Sejong city in Korea
they already have connected roads, signs, and traffic lights
which support safe driving just like this car in the video
it's already working in Korea with 5G
this is happening right here, right now. And it's V2X.
Lastly, user data
drivers don't have to drive in self-driving cars
so what would they do in cars?
they can sleep, use smart phones, or use smart car services
car app ecosystem would develop just like phone app ecosystem
In self-driving car, data such as which gas station I go,
which stuff I purchase, in-car payment system
you don't have to get in line in gas station,
Just like Mc-Drive, I can buy and pay for foods ahead
So everything is possible in car except going to a restroom
these are the user data
so these data can be stored in AMO blockchain and can be exchanged
another example, paying toll with AMO coin in car
if the black box get crashed with the accident,
you can look into data
Another special thing about AMO,
They do the reverse ICO
originally, ICO -> get funds -> make wallet, service, etc
AMO already created 4 crucial services before ICO
1. Autocrypt, car security total solution
2. AuthentiCA, connecting smart car, smart factory, etc, IoT authentication service
3. Penta crypto wallet, strong security hardware wallet
4. AMO data collector, the OBD port I talked before
can get in-car data
These 4 techs are already there
so AMO will add blockchain to these tech and make AMO market
so you don't have to worry about "what are they doing? is this technology possible?" etc
this video is Korea University students testing Penta Security car hacking system
this was amazing. they control this car by a laptop
so they do have good tech
but there's no perfect project in this world
electric car, self- driving car, still takes a lot of time to be propularize
even for blockchain
AI is slowly coming into our lives these days
self- driving subway, it feels like you're on a roller coaster
still, for self-driving and blockchain, there are many law and regulation to overcome
it would take a lot of time
they already have 4 major tech ready
but in roadmap, test-net in Q1 2019
main-net in Q3 2019
realising wallet very soon, May 28th
wallet stands for, some kind of nodes or new system here
a bit different from normal wallet we know
it's better than short, simple, and impossible roadmap,
some projects, I really doubt their roadmap
since AMO has many expereince in this field
it's better to go step by step
After main-net and wallet, I wonder how they are going to make people engage into AMO market
because good tech with no users, is useless
Personally, these types of tech, I think govt should take a lead and support them
because I think this technology can help to minimize people getting car accidents
and AMO will be listed in DAYBIT the new exchange from Chain Partners
I don't know when but it's gonna list AMO
and for the airdrop
click 'bounty' on AMO website
do the telegram event
feel free to join this airdrop event if you want
like I said, this review is only covering basic infor of AMO
They have nice one-pager, whitepaper, whitepaper summary on their website
please read them carefully
they have them all in Korean and English
Don't invest money without research
Don't trust every whitepaper, it's just a paper
Please do your own research this is not a financial advise
Thank you for watching. See you
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