Highlights from Alan G. Miller’s TokenClub Broadcasting: The Future of CarLive Chain

IOV
IOV
Sep 4, 2018 · 8 min read

On August 16th, Alan G. Miller, CEO and Chief Marketing Officer of CarLive Chain Asia Pacific, made his debut on TokenClub broadcasting and shared his thoughts on the connected car ecosystem and its future value with the audience. He pointed out that the current bear market posed both a challenge and an opportunity for CarLive Chain. His view was widely recognized by the audience. The following are some highlights from the broadcast:

Host: Dr. Miller, could you please make a short introduction?

Alan G.Miller (M for short): I’ve lived in Asia for 25 years. My background is engineering. I spent 20 years running very large infrastructure projects. So I am very familiar with this area.

Host: Though we heard people talking about connected cars a lot during the past decade, we havn’t seen blockchain tech been applied in this industry yet. Could you please tell us more about the opportunities for blockchain technology in the connected car industry, and how we could make them possible?

M: That is a very interesting question. Firstly Technology is disrupting the Trillion US dollar, 1.3 billion car user automobile market . It is now going through a tremendous value revolution. The mobile internet has created a variety of ecosystems in the car industry:-

These are:

• Social network systems

• consumables (the things we use like oil changes, new tires or brakes)

• vehicle safety and in car applications

• automotive energy / efficiency and so on

So let’s talk about what is going to change. CarLive Chain is a decentralised and distributed blockchain, It does not belong to anyone.

Firstly, all that big data and who owns it.

Every day, simply massive amounts of data is generated by car users’ social behaviour, spending habits and driving location information. However, this data has gradually become private assets for centralised Internet platforms. The people who generated this data are excluded from the potential value creation that comes from such data. This is going to change.

The crisis of Trust

The long existing monopoly’s in the automobile market have resulted in a lack of trust between car manufacturers, third-party service providers and car users. Inefficiency has created a hotbed for hidden costs and excessive overcharging and a lack of competition, which makes car maintenance just too expensive for car owners. This is going to change.

Automobile safety and in car applications

Lets not forget all those various closed auto infotainment applications which pose a threat to driving safety. This is going to change. Open standards and seamless integration of additional services will be the future. Need help ? Your car will know and will call for help automatically.

So What is CarLive Chain working towards ?

Our ultimate goal is to build the worlds largest, globally connected token-based car user community across China, ASIA, the EU and North American markets. Levering YUTU, over 70 million active users, we are building a freeway for big data for car users while at the same time returning the ownership of such data to car users. We are now working to deploy global infrastructure to support this expansion.

Host: It took 2 years for IOTA, an IoT project, to really prosper in the secondary market. So my question is how investors could identify good connected car projects for mid-and-term investment to ensure a high ROI

M: The connected car industry is vast. REALLY VAST. Much like NASA from the US and aerospace solutions from Russia and China, there’s plenty room for companies to launch independent projects and work together. We welcome any team that focuses on the application of blockchain technology in the connected car field to work with us.

There are at least two aspects we need to consider when evaluating a connected car project. Firstly, the project should be based on true connected car scenarios, such as social communication between car users, ecommerce engagement, driving statistics and safety services. This is the right way for blockchain use in the connected car industry. Secondly, the project should have a large user base, including not just car users but also ecommerce shopper and generators of driving statistics/data.

Yes there is an absence of significant news about technology progress in the market.

Projects that were listed on the market on March and April this year are all focusing on research and development, and that takes time, so it will be later in the year, probably December before news on technical progress can be released. So from an investment strategy, individual investors should make medium and long-term investments in physical projects, as most physical projects are severely undervalued at the moment. Individuals can allocate/match their investments with the technical progress timeline. For air token projects and projects that only speculate with tokens, more than 80% of individual investors will see their investments zero out in the longer term. These kind of projects have little or no future because they do not generate any added value.

Host: What “blockchain + connected car” emphasize is decentralized data and token rewards, so how the tremendous amount of driving data can be converted to value for users?

M: The purpose of a self regulating blockchain community is to help create value for its users. Digital assets: driving data, social behavior of car users, ecommerce shopping data, and vehicle safety statistics etc, are only valuable if they can be used in real scenarios and real applications.Only then can that data generate reward/value for users.

Host: There are also some connected car projects on the market that encourage mining through hardware. But the rewards they offer for users are far more less than users’ cost to buy and maintain the hardware. So my question is, how much is IOV’s worth and how does its ecosystem look like?

M: Hardware mining projects really should focus more on the combination of hardware mining with token incentives, rather than just mining itself.

We are paying close attention to hardware-based mining rigs and we striving to combine hardware value with token value to benefit users in a real sense.

The core advantage of IOV token is that it is based on a real business model and a real market with over 70million active users.Most token projects have never had any real underlying closed-loop business model to support them..Nomura Securities has just signed an agreement with YUTU. They will serve as YUTU’s international financial advisor.

This is certainly a strong testimony.To develop a physical business requires a lot work, we have already succeeded in creating a real business environment.

CarLive Chain is building a huge ecosystem. CarLive Chain’s basic chain is based on IOV token, and so we actively seeks to develop IOV ecosystem. To this end we have established IOV Capital, one of the world’s biggest blockchain foundations. We have also launched IOV private advisory board, an IOV community partner initiative and CarLive Chain partner initiative, and this will both engage and encourage more users to contribute to that ecosystem. At the same time, we have been actively working with car companies, maintenance service providers and OBD service providers to develop side chain applications. Leading companies such as BYD, NürnbergMesse, Exxon Mobil, Zhonglin International Group, BDS are looking to join CarLive Chain’s ecosystem.

Technology is the key to build the ecosystem. We have achieved a lot in developing our basic chain for far. We have established R&D centers in Silicon Valley, Tokyo, Hong Kong, Shenzhen and Guangzhou and are actively building blockchain research labs partnerships with universities around the world. We are now working hard on developing and deploying the global infrastructure required to support IOV, such as our supercomputing centres. CarLive Chain’s consensus algorithm is certainly on its way to becoming a world leading blockchain technology.

Questions from the audience

Audience: How many staff are there in the Carlive Chain team?

M:There’re more than 40 technical staffs and more marketing staff.

Audience: Where’re you now? Dr.Miller

M: I’m in HK now.

Audience: When do you plan to step in to interfere with the price? And do you have any solutions for the falling price?

M:We can assure everyone here that we will not interfere with the market. This is something that fake projects do. Any projects that aspire to develop blockchain technology will disdain such thing. I myself is an early investor of BTC, and I have seen its crazy pricing spikes and drops, and now it’s time to return normal. I think everyone here should be grateful that some projects can actually stick to their own value and focus on technology and their ecosystems. Only mid and long term investors can gain true value from blockchain projects. Speaking from my experience, 99% of short-term investors will zero out. I hope you are the 1%, but it depends on you.

IOV will continue to focus on technology and ecosystems and this is the one thing that we can fully devote ourselves into.

Audience: When do you plan to promote IOV in a larger scale? When do you plan to list IOV on HUOBI?

M: We have been communicating closely with world’s top 10 exchanges and will list IOV once everything is ready. We have also noticed that many people are cashing in on the price differences between the two exchanges that IOV are listed on. We believe the exchanges are also working hard to regulate such behaviors and will introduce more international practices.

Audience: Why do you think IOV will surpass EOS as we haven’t seen any technological progress from you?

M:Well if you look more deeply you’ll find that projects listed during March to May are different from other projects. Normally, it takes 6–9 months for them to achieve technology milestones and that is the reason why little news is presently being seen. You will see their results probably December and early next year. By that time, air projects that have no technology developments will be forced out of the market while true projects will prevail and flourish.

IOV is still developing our core technology. We are very results oriented and our top staff are from Alibaba, so we do know how to build value and to achieve things in the longer term.

Thank you for being patient with us, we look forward to bringing more good news to you soon.

Official Info

Website: www.carlive.io

Telegram : https://t.me/CarLiveChainOfficial_En

Twitter: https://twitter.com/CarliveChain

Facebook: https://facebook.com/CarLiveChain

Github: https://github.com/CarLiveChain

Medium Blog: https://medium.com/carlive-chain

For more information, please visit www. carlive.io

IOV Blockchain

A Blockchain Infrastructure Supporting Multi-scenario Use for Smart IoV Community

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A Blockchain Infrastructure Supporting Multi-scenario Use for Smart IoV Community

IOV Blockchain

A Blockchain Infrastructure Supporting Multi-scenario Use for Smart IoV Community

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