BMW, General Motors and Ford test driver payment blockchain system



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BMW, General Motors and Ford test driver payment blockchain system

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Five major global automakers – BMW, General Motors, Ford, Renault and Honda – will begin next month to test the identification and payment systems for cars based on blockchain technology. It is reported by Nikkei Asian Review.

The project was developed as part of the international consortium Mobility Open Blockchain Initiative (MOBI), created to search for blockchain-based solutions in the automotive and transportation sectors. The first system tests will be conducted in the USA,

It is assumed that the developed system will assign digital identifiers to cars associated with information on the history of vehicle ownership, maintenance, etc.

This identifier will allow owners to automatically pay for parking, tolls and even bills at roadside establishments without the need to use credit cards, cash or special tokens.

According to the developers, the payment will occur at the same time the next time the car is connected to the charging station.

Recall that earlier, Ford patented a blockchain-based information exchange system between vehicles. A similar solution was also developed by the second largest global automaker, Volkswagen.

BMW, General Motors and Ford test driver payment blockchain system



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