CarBlock eyes opportunities presented by the multi-billion car data market

China

4 min read

Nov 20, 2018

By Wang Zeyu

©CarBlock

This startup aims to transform the connected car and transportation industry by building a data circulation system based on blockchain

At present, as much as 25,000 TB of car data is collected daily, but only 2.5% of that data can be monetized legally due to privacy protection laws. This data represents an enormous treasure trove waiting to be uncovered. According to McKinsey & Company, the car data market could be worth US$750 billion by 2030.
Founded in 2017, startup CarBlock wants to help unlock the protected data. CarBlock has already begun to sell mining machines that can be used as smart devices in cars and to issue cryptocurrency, a step towards its goal to facilitate data circulation in the connected car and t...

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Edited by Wendy Lovinger , Wang Xiao'e

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IN THIS INSIGHT

STARTUPS CarBlock

China

Founders Alex Lee (Li Jia)

China Founder and CEO of CarBlock

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