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DIMO is fundamentally a web3 project focusing on creating a decentralised and user-owned network specifically designed for vehicle data and mobility applications. Built on the Polygon platform, DIMO harnesses blockchain technology to establish a universally recognised digital vehicle identity. This identity encompasses aspects such as data transmission, permissions, vehicle control, and payment processing.
At its core, DIMO is more than just a cryptocurrency; it is a protocol that empowers vehicle owners, developers, and data consumers. Vehicle owners are provided with the tools to collect, utilise, and monetise data derived from their cars, while developers can create applications and services that benefit from the rich tapestry of information generated within the network. The project prides itself on its transparency and openness, as it is constructed with open-source components, ensuring that privacy and reliability remain paramount in its operation.