A group of major automakers are about to hit the road with the first field testing of a blockchain-based vehicle identification network next month in the U.S.
As reported by Nikkei Asian Review, BMW, General Motors, Honda, Ford and Renault are working with the Mobility Open Blockchain Initiative (MOBI) on integrating the system to automatically make payments on typical commuting runs without the need for cash or credit and debit cards.
By assigning vehicles unique identities that store data such as ownership and histories on a blockchain, the industry initiative aims to remove the need for a human when settling tolls and parking fees.
Founded in May 2018 by multiple major car manufacturers, MOBI has been working to enable the sharing of road data between manufacturers, a step towards developing self-driving cars.
As Nikkei writes, participating vehicles would eventually be able to automatically pay expenses once plugged into other networks such as charging or refueling stations.
MOBI is also looking into incorporating cryptocurrencies. One such system involved compensating users in crypto for putting energy back into the power grid following an outage.
A number of automakers are looking at blockchain for facilitating processes such as payments and data sharing, especially for the not-so-distant future where automated vehicles have become the norm.
This summer, CoinDesk reported how Daimler – parent company of Mercedes-Benz – partnered with blockchain firm Riddle & Code to produce a hardware wallet for automobiles. Looking long term at solutions for self-driving vehicles and car-sharing platforms, the firms’ wallet would also create a cryptographic identity for vehicles.
Tech startup Nebula Genomics is launching DNA sequencing using blockchain, which eliminates the need for customers to reveal personal information. Per a blog post published on Sept. 19, Nebula has rolled out anonymous genetic testing, enabling clients to purchase whole-genome sequencing and provide their saliva samples without the need to share their personal data such as name, address or credit card number. Eliminating the dependence on data de-identificationTo achieve this, Nebula developed and implemented a blockchain-based product that enables transparent and controllable data sharing, and offers an option to conduct pseudo-anonymous payments using cryptocurrencies. For those customers who do not use digital currency, the company recommends using a prepaid credit card to protect their privacy. “Most importantly, enabling individuals to remain anonymous would eliminate the dependence on …
Three new models are rumored to be unveiled -- the iPhone 11 Pro, iPhone 11R and iPhone 11 Max
iPhone 11 Pro Max: 6.5-inch OLED display, 12-megapixel camera
512GB: $1,299 256GB: $1,199 128GB: $1,099 Release date: 20 September
iPhone 11 Pro: 5.8-inch OLED display, 12-megapixel camera
512GB: $1,199 256GB: $1,099 128GB: $999 Release date: 20 September
iPhone 11: 6.1-inch LCD display, 12-megapixel camera
256GB: $899 128GB: $799 64GB: $749
Rumor: Three rear-facing cameras for the 2019 iPhone Rumor: Bilateral charging coming to the iPhone 11 The biggest change coming to this year's iPhone will likely be the camera setup. Almost definite: The 2019 iPhone won't support 5G New mute button: Apart from the redesigned rear camera, the iPhone 11 is expected to closely resemble the iPhone XS, with a virtually identical steel-and-gl…
As we move into our second decade of Blockchain since its inception, it has certainly become more prevalent in recent years. Many enterprise & Fortune 500 companies have invested broadly in Blockchain, and many patents have been issued.
The intention is to decentralize data across many computers so that any involved record cannot be altered retroactively, without the alteration of all subsequent blocks. Blocks are files where data in the network are permanently recorded.
A block is a permanent store of records, which cannot be altered or removed since they are distributed among many participants on the Blockchain network. This is also called Distributed ledger technology (DLT); which Blockchain is a type of.
Discussions and commentary about how Blockchain is working through the ecosystem of tech and creating opportunity are forthcoming in this blog. We will also discuss matters of how it relates to industry, health care, commerce, a…