Packard Enterprise (HPE) and Continental have jointly announced a
blockchain-based platform that will share vehicle data to enable new digital
services in order to improve driver safety and convenience.
The platform, scheduled to be available in 2019, will provide
data sovereignty, security, efficiency and transparency and will help overcome
the technical issues concerning sharing of vehicle data.
Many digital ecosystems allow data sharing that is
based on an intermediary model wherein platform owners mainly coordinate data
flows and monetisation. HPE and Continental have applied a complimentary
approach to develop their platform by leveraging a decentralised architecture
based on blockchain technologies.
Phil Davis, president hybrid IT and chief sales officer
at HPE, said: “Sharing vehicle data across vendors can solve some of the
toughest traffic problems and improve driver experience by leveraging the power
of swarm intelligence. Together with Continental, we provide the key to unlock
the value of this data treasure, not by taking control of the data ourselves,
but by giving control to the drivers and car manufacturers.”
Last month Continental, alongside Siemens and Commerzbank , worked together to test blockchain technology so that it can be used for regular financial transactions in the financial market. During this pilot project, the initiation and processing of a transaction of €100,000 was held directly between Continental and Siemens for a term of three days. Continental was the issuer of the money market security that was established under the Luxembourg law, based on legal requirements in the form of a euro-denominated electronic commercial paper.
Interested in hearing leading global brands discuss subjects like this in person? Find out more at the Blockchain Expo World Series , Global, Europe and North America.
The post HPE and Continental announce blockchain-based platform for sharing vehicle data appeared first on The Block .