Porsche and XAIN are testing and implementing blockchain technology for various car features. The German vehicle maker said it might also use the technology for autonomous driving.
Sharing the usage of vehicles is an out-lived concept that has been in existence for quite some time. However, vehicle ownerships, vehicle logging etc. are among the newest developments being tested and being incorporated in the block-chains technology.
The Blockchains Technology permits a divided access to information maintained through a computer network thereby eliminating third party access only.
The Auto-Mobile world has greatly been engulfed by the idea of the blockchains technology through applications that provide temporary car access authorizations and innovative business models.
For instance, Toyota Motor Corporations said that it was working with partners to develop usage-based insurance products using the blockchains technology.
Porsche, a German car manufacturer also announced that they aim to incorporate blockchains to improve their models security features such as locking and unlocking of the cars.
Blockchains is also expected to help in creation of a great and independent driving experience, which may later be used to develop an aerial learning effect, which may as well be shared with other automobiles.
Various opinions have also been given by different cryptocurrency experts who view blockchains as a concept aimed to create autonomy in the automobile world enabling the cars to park, fuel and able to pay for the services on their own.
The blockchain technology aims to provide the consumers with more agility through provision of a digital platform to measure and track the car’s life events. It incorporates every data that will enable tracking of where and how the car was driven.
The technology also enables the state to be able to measure the vehicles from the point of purchase to the most immediate usage hence able to effectively audit and provide recommendations on the environmental effects and the safety provisions.
The blockchains technology also aims to streamline the supply chains for the automobiles because it’s able to provide specific data from the point of ordering to the points of customer delivery hence able to measure feedback and remedy on the clients complains .