Car

Mercedes’ parent corporation, Daimler AG, a German global automotive company headquartered in Baden-Württemberg, has declared a partnership with four other giant startups including a European distributed ledger tech (DLT) interface, to create a blockchain solutions for cars dubbed a mobility blockchain platform (MBP), a distributed software platform which enables mobility as a facility with end to end encryption.

In late 2017, the lead analyst of cryptocurrency exchange EXMO, Pavel Lerner, was kidnapped in Ukraine. On December 26th, men wearing dark-colored clothes and balaclavas forced him into a car and drove away. Lerner resurfaced only three days later, having paid a ransom to the kidnappers.

Blockchain enables us to use Bitcoin in transferring value in a secure, immutable and transparent way. It is now around ten years since when Bitcoin was created by Nakamoto Satoshi, but in this short period, various authorities have managed to come up with ways in which blockchain can be utilized to the fullest. Now, Siemens AG, a German global conglomerate firm and the biggest industrial manufacturing firm in the continent of Europe, has started its journey of evaluating blockchain for different business use cases, such as modernizing the carsharing market.

In an effort to improve the situation on the roads, U.K-based car manufacturer Jaguar Land Rover (JLR) is experimenting with smart wallet technology that will enable auto enthusiasts to be rewarded in the form of IOTA cryptocurrency for various actions like reporting traffic jams, potholes, accidents etc. to responsible local authorities.

New innovative technologies such as blockchain and distributed ledger technology adopted in day-to-day activities, continue to stand the test of time. With the growth of the giant companies turning to adopt Blockchain the trust in the future of this innovative technology grows respectively.

ACI and EY have officially proclaimed a blockchain technology-based Digital Vehicle Dossier project. EY has chosen to use a hybrid blockchain tech for this project so as to process a bulky number of transactions. They aim to create an ecosystem of interoperability.

Newly-launched mobility platform Moveco is well on its way to building a safer and smarter mobility industry that also makes it more efficient and affordable to do one of the most basic things of life: move.

ShareRing, an Australian startup aiming to revolutionize the sharing economy with blockchain, has been announced as one of the tech companies participating in the brand new MOBI consortium.

Four of the largest carmakers globally have amalgamated technology providers and startups to create the largest ever consortium focused on applying blockchain technology in the automotive zone.