Indian Industrial Conglomerate Tata to Track, Record, and Reward Drivers Using Tether Linked Platform June 3, 2023 June 3, 2023 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Market NewsJune 3, 2023 by Kelly Cromley

Indian Industrial Conglomerate Tata to Track, Record, and Reward Drivers Using Tether Linked Platform

Tata Elxsi, a design and technology entity of the Tata Group that focuses on the automobile industry, has disclosed a collaboration with Cultos Global. As per the BSE filing, the company has revealed that the collaboration is intended to create a pioneering Driver Reward Program.

The objective of the program is to meticulously observe the conduct of a driver by utilizing the comprehensive analytics of the TETHER-connected vehicle platform, which prioritizes cloud-based technology. Furthermore, it utilizes advanced technologies such as ADAS and driver monitoring capabilities to evaluate the driving behavior. A scorecard will be employed by the mechanism to facilitate driving, which will then be converted into tokens. The device will serve as a unique digital identifier for the user and can be utilized throughout the entire ecosystem.

Through this process, the platform will be able to recognize the driving habits of a driver. The monitoring system for driver behavior will utilize a blockchain model that ensures both high trust and privacy, thereby guaranteeing complete confidentiality during the compilation of driving data.

The insights derived from this program’s data will be utilized by automakers, insurance companies, and fleet proprietors. These entities can utilize this data to enhance the safety and reliability of systems related to mobility.

Nitin Pai, the Chief Strategy Officer and Chief Marketing Officer of Tata Elxsi, expressed his satisfaction with the collaboration with Cultos Global. He stated that they are pleased to announce their partnership and the integration of Cultos Global’s advanced blockchain technology into a distinctive Driver Reward Program. This program will be powered by TETHER, which is their Connected Vehicle Platform. This partnership signifies a significant achievement in our efforts to utilize innovative technologies and enhance the safety and satisfaction of both drivers and passengers. Whether it be a mobility provider, vehicle manufacturer, fleet operator, or road transport authority, our goal is to utilize gamification and incentives to encourage positive driver behavior and promote road safety. This approach also creates opportunities for building reputation, reliability, and monetization.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.