It is a blockchain-based ecosystem that connects all services, like the car dealer shops, mechanic shops and car rental companies, that touch your car to collect its lifetime data. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain. Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.
COVA is a new paradigm for data to be used as capital. Data is quickly becoming the most important asset in the world, yet currently there is no infrastructure to control how it is used. COVA provides a unique solution to this dilemma and allows data owners to take advantage of the commodification of data