CloudThink is an open-standard (interoperable and freely available) for self-reporting sensing devices. These devices create digital duplicates of physical objects, mirroring key parameters and using these duplicates as input and output for applications.
CloudThink has been published for automotive applications here, and has been designed with security and privacy in mind. Consumers will own their data, and will have to opt in sharing through clearly visualized representations of what data are shared, and with whom.
A whitepaper describing the standard is available here: CloudThink Whitepaper