Tata Elxsi, Cultos Global Collaborate to Integrate NFT Token Mechanism for Driver Reward Program
Article By : Tata Elxsi
Tata Elxsi and Cultos will integrate a blockchain mechanism with the TETHER Connected Vehicle Platform for a Driver Reward Program.
Tata Elxsi has partnered with Cultos Global to integrate a blockchain mechanism from Cultos Global with its TETHER Connected Vehicle Platform, to create an innovative Driver Reward Program. This unique proposition of tracking driver behavior using rich analytics from the cloud-first TETHER connected vehicle platform, augmented with ADAS and driver monitoring features, enables an entirely new way of positively impacting driver behavior, incentivized through a high-trust and high-privacy blockchain model.
This integrated solution will provide mobility players with a dynamic rewards platform that enables consistent engagement and positive behaviour modification through gamification. The driving scorecard which gets translated to tokens is a single digital identifier for a user and can be used across the ecosystem. It will give access to first-party data for mobility providers with enhanced privacy for end consumers. It has a wide range of applications ranging from use for insurance, to incentives for safety and reliability, etc.
“We are pleased to announce our partnership with Cultos Global to integrate their cutting-edge blockchain mechanism into a unique Driver Reward Program, powered by TETHER – our Connected Vehicle Platform. This collaboration marks an important milestone in our journey to leverage emerging technologies and enhance driver and passenger safety and experience – whether it is a mobility provider, vehicle brand, fleet owner, or a road transport authority that aims to positively impact driver behavior and road safety using gamification and incentivization, and creates reputation, reliability and monetization opportunities,” said Nitin Pai, CSO & CMO at Tata Elxsi. “By harnessing the immutable nature of blockchain, we are elevating the program’s integrity, security, and transparency. Through this integration, we aim to create a seamless and rewarding experience for our drivers, fostering trust, loyalty, and long-term engagement. Together, we are redefining the future of driver rewards and setting new industry benchmarks.”
“Cultos complements TETHER offering by providing a single digital identifier for every customer. This not only increases engagement for mobility providers and their customers in the form of tokens that can be redeemed for different Loyalty/Rewards, but it can also be interoperable and can be liquidated,” said Pavan Govindan, CEO at Cultos Global.
