BMW, GM, Ford, Renault and Honda …

BMW, GM, Ford, Renault and Honda will test blockchain payment system for cars

Five major automakers will begin operational testing a vehicle identification system that will allow drivers to automatically transfer parking or toll payments without the need for cash or credit cards, Nikkei Asian Review reports..

The project is a joint initiative of BMW, General Motors, Ford, Renault and Honda, which have developed a vehicle identification system for use in the United States as part of the international consortium Mobility Open Blockchain Initiative.

As conceived by the developers, the system will allow assigning individual identifiers to vehicles, linking information about the owner and service history with them. In the future, they intend to begin to enter into the system data on goods and services provided to the driver on the road, including purchases in roadside cafes. Payment of all bills will be carried out at the same time when the car is connected to the charging station if it has the appropriate opportunity.

BMW, GM, Ford, Renault and Honda ...

In July, it became known that the German auto concern Daimler AG, which owns the Mercedes Benz trademark, is developing a blockchain-based hardware wallet for its cars. The development of the company will allow creating cryptographic identifiers of cars and equipping them with telematics command modules, thanks to which they can receive, sign and evaluate information from sensors located both on the cars themselves and in their environment.

BMW, GM, Ford, Renault and Honda ...

Similar articles