Porsche test blockchain technology for cars

   Porsche have announced that they have begun testing blockchain applications in its cars. The aim of this is to make it easier to unlock and grant access to their cars, streamline payments and ultimately lead to better and safer vehicles.

   In late February, Porsche made the announcement that it was collaborating with XAIN, a German startup to successfully integrate and test blockchain in a car.

   In their press release published Feb. 22, Porsche stated that the company is “the first automobile manufacturer to implement and successfully test blockchain in a car.”

   Possible applications for blockchain technology range from locking and opening car doors via an app, with the possibility for temporary access authorization through encrypted data logging. Porsche also stated that blockchain technology could be applied in further improving the safety and capabilities of driverless cars.

   Porsche are confident that introducing blockchain can improve the driving experience. Their aim is that all local data that is collected on user blockchains could then be shared securely with other vehicles. This will lead to learning effects that will make the driving experience safer for all vehicles that are connected.

Potential of blockchain technology

Financial strategist for Porsche, Oliver Döring, is convinced of the tremendous potential of blockchain technologies:

“We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking, or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle. We translate the innovative technology into direct benefits for the customer”, Döring states in the press release.

   Although they are the first to test the blockchain, other car manufacturers have decided to work together. Take Volkswagen are working with IOTA, and BMW have also confirmed their partnership with VeChain Thor.

   So what is the future for Porsche and blockchain? If it moves beyond the simple proof of concept testing and out into real world use of this technology, blockchain really good be a massive game changer.

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