AMO is a Korean team-backed blockchain project which serves automobile data. It provides an AMO DataMarket on its own chain. The DataMarket supplies all data generated about automobiles, including data gathered from the various environments that interact with vehicles.
Data producers can share data and receive compensation in $AMO according to the evaluated value of the data, while data consumers can obtain the rights to extract and use the data by paying that evaluated value in $AMO.
The car data generated by car users and the processed car data from service providers are uploaded online and stored on AMO Blockchain. At this point, all communications are encrypted and any transaction details, data ownership, and usage rights are stored and managed together as blocks.
On the other hand, raw data which includes personal information is encrypted and de-identified before storage on Peer Storage (Distributed File System). This data stored on Peer Storage is fragmented and stored in a distributed manner across multiple blockchain nodes. According to the disclosure, this mechanism is applied to increase the security of the blockchain and data, as even if physical access to Peer Storage were to be compromised, the data obtained would not have any value since it would be incomplete and thus not possible to decrypt.
$AMO is the native cryptocurrency on the AMO blockchain. It's the governance and utility token of the AMO ecosystem. $AMO could be used as a data-sharing reward, payment means within the platform, and staking/delegation compensation on AMO mainnet.