Cube (AUTO)

What Is Cube (AUTO)?

Cube is an autonomous and connected vehicle security blockchain-based data platform. The network security company of Cube utilizes blockchain, cloud-based intelligence, and deep learning (in-depth learning) to seek to ensure a secure automotive network. According to the whitepaper, Cube seeks to create a system to prevent vehicles from different cyberattacks to prevent loss of life. Cube aims to prevent such attacks using a multilayer protection system including the blockchain, endpoint, and the cloud.

The amount of data that can be collected while driving a vehicle is estimated to be around 4 Terabytes per day. Such a large amount of data could affect the operation speed of the CPU of conventional systems. Centralization reduces the operation speed and also threatens the privacy of the driver. For instance, a simple hack on the central server can give access to the driving record and personal identification of all drivers. Cube aims to solve these issues that conventional security systems such as privacy, centralization, and safety are plagued with.

Cube aims to resolve the above-mentioned problems by using a decentralized security platform. Cube platform seeks to leverage the impossible-to-hack nature of blockchain technology whilst providing rapid data transfer. As mentioned in the whitepaper, Cube blockchain technology seeks to deliver next-generation security for the automobile industry.

Cube (AUTO) is the native token of the Cube platform. Cube token owners can use their tokens to receive services at Cube affiliates. These affiliates can be repair shops, gas stations, insurance companies, or car dealers. Moreover, the Cube tokens can provide the holders with services such as vehicle maintenance, insurance discount, gasoline discount, vehicle purchase discount, and cashback service. Furthermore, data consumers such as traffic information providers, insurance companies, and automobile companies can compensate the producers with Cube tokens to purchase mobility data.

History of Cube (AUTO)

Richard Biggs, a graduate of the London School of Economics, is the CEO of Cube. He has several years of experience working as an analyst in the financial consulting sector.

Ryu Hae Yeon is the CFO of Cube. She finished courses in artificial intelligence at Sloan School MIT. Dr. Jae Sung Lee is the director of the autonomous car department. Robert Cooke is the director of the London office.

According to the Cube’s roadmap 2019 mentioned on the website, the Cube platform had four different stages of development. In the Q1 stage, a business briefing session, training, and field test of Cube Car were completed. The Q2 stage of development included P2P trial drive or Cube Car. The Q3 stage initiated the development of an autonomous valet parking management system. Finally, the service consideration launch of Cube Car in Asia was completed in the Q4 stage of 2019.