Main Takeaways
- DLP Labs is integrating Sui, Walrus, and Seal to turn EV data into user-owned, trackable economic assets.
- The Driver Loyalty Program helps drivers potentially save $900 or more per year through insurance, energy, and carbon credit programs, and is available nationwide today.
- EV and energy data will be stored on Walrus with encrypted access via Seal, with plans for direct stablecoin payouts as value is generated.
Overview
Today, DLP Labs announced that it is integrating Sui and Walrus with Seal to support its mission of transforming electric vehicle (EV) data into an economic asset that lowers the total cost of ownership for drivers. DLP Labs will now build on the Sui network to tokenize carbon credits, virtual power plant (VPP) revenues, and usage-based insurance savings, allowing users to securely track these assets.
DLP Labs’ Driver Loyalty Program leverages EV data as an asset that can lower consumers' total cost of EV ownership. DLP Labs' insurance marketplace lets users compare quotes and bind a policy in minutes. The Driver Loyalty Program also helps users enroll in Virtual Power Plant (VPP) programs, distributed networks of energy devices designed to alleviate electrical grid pressure.
Additionally, Driver Loyalty Program members can claim verified carbon credits to potentially lower their total cost of ownership even more. These programs help users to potentially save $900 or more annually. The Driver Loyalty Program is available today nationwide in the United States.
Powered by Sui, Walrus, and Seal
Through DLP’s leverage of the full Sui Stack, all EV and VPP data will be stored on Walrus, with secrets-as-a-service tool Seal providing encrypted and permissioned access for users. The partnership’s near-term focus is to enable direct stablecoin payouts to users whenever their credits or energy-grid earnings are generated or sold, with future plans to leverage Sui for stablecoin rails.
Rebecca Simmonds, Managing Executive of the Walrus Foundation, said: “Walrus is becoming the trusted foundation for data that directly unlocks value for real people. Together with DLP Labs, we are building a world where real everyday data can be a powerful financial instrument, unlocking savings for average Americans by transforming the data that’s already theirs to begin with.”
Ryan Kuhel, Founder and CEO at DLP Labs, also commented on the news: “Data is an asset, just like capital and labor. But today, individuals often do not benefit from the value their data creates. The stack of Sui, Walrus, and Seal offers unprecedented utility, enabling us to create the trust and transparency layer that turns everyday EV activity into a new class of user-controlled economic asset.”
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