IBM joins a car manufacturer and a bank in a project portfolio blockchain

IBM has joined the automotive manufacturer ZF Friedrichshafen and at UBS investment bank, in order to build and develop a mobile payment system based on the technology of blockchain for the automotive industry. Announced last Tuesday at the auto Show in Frankfurt, the partnership aims to develop a method enabling the unmanned vehicle to automatically allow the payments. The platform will also act as the numeric operator for the vehicles of the future.

Because e-wallet, the intelligent assistant for the cars of the future

“Because eWallet is a digital assistant innovative that can fit in a car that allows payments safe and convenient, even on the move. In addition, it can also perform other tasks, such as opening the trunk or doors, ” said the consortium in a press release. According to the companies concerned, the use of technology blockchain will prevent the need to have a third-party provider or a calculation centre to process transactions and orders. It will rather be a ” registration of data to be reliable and unchanging. “

An innovation that opens up new opportunities for car manufacturers

The bank ZF Friedrichshafen first announced the system “Because eWallet” in January, promising to develop a payment system to facilitate the charging of electric cars. At the time, ZF stated that “Because e-wallet” would facilitate a system of car-sharing, while ensuring the delivery more secure of the parcel by throwing objects directly in the trunk of a car. IBM, meanwhile, should now use its infrastructure in the blockchain to develop a secure system that can carry out all the required operations. This infrastructure will also demonstrate to users of the authorized information which are relevant for their vehicles and perform transactions in real-time.

All in all, this innovation comes at an opportune time for the automotive industry that is exploring new potential applications with the technology blockchain. Also, last may, Toyota announced that it would try to develop an infrastructure blockchain. This was in order to support the development of “technologies of self” for the monitoring of the safety of passengers and the prevention of fraud, among others.