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Daimler and Riddle & Code chain company have teamed up to produce a hardware portfolio of automotive chains, which was presented at the Startup Autobahn in Stuttgart, Germany.
The wallet is a tamper-proof enclosure, powered by Riddle & Code hardware and software, which can be installed in a vehicle to create a cryptographic identity of the vehicle. the wallet encrypts, signs and certifies data collected in the car and the surrounding infrastructure. The box has several use cases, including to track maintenance, pay tolls and sign smart contracts for rental cars.
The hardware portfolio is only part of Daimler's broader strategy to leverage blockchain in its business.
- Daimler operated the blockchain to streamline its financing activities. In June 2017, the company successfully used blockchain to issue a German bond of 100 million euros ($ 111 million) to enhance the effectiveness of its financing. Kurt Schäfer, head of treasury at Daimler, said the blockchain "provides for greater transparency and reduced red tape." Each of the three phases of a show (preparation, marketing and implementation) will benefit from digitization. . "
- The company also uses this technology to better understand its supply chains. In February 2019, its subsidiary Mercedes-Benz, Mercedes-Benz, announced that it was testing blockchain in its supply chain. Sourcing to enhance transparency beyond its direct suppliers, especially by plotting raw materials are of ethical origin. Harry Behrens, head of the block chain factory at Daimler Financial Services, said: "The chain of chains can open billions of new markets, markets that we could not even imagine to exist today." Daimler's hardware portfolio project will likely play a central role in opening new markets for Daimler, as it can be implemented in cars purchased by consumers and businesses and allow the company to offer a multitude of services. based on strings of blocks.
The largest image: Car manufacturers see the blockchain as an opportunity to expand their existing businesses with new services.
Daimler is not alone in developing blockchain solutions for the automotive industry. Leading automakers, including BMW, Renault, GM and Ford, are members of the blockchain open mobility initiative (MOBI), a consortium that promotes the use of blockchain in the mobility sector.
Blockchain is an area of interest for other automakers as it allows them to earn extra revenue from their vehicles. It could allow the auto industry to create a world market for additional services of more than £ 90 billion ($ 112 billion) over the next decade.
The hardware portfolio could help Daimler improve its mobility partnership with BMW. In February 2019, Daimler and BMW merged their respective mobility services, which included carpooling companies.
The merged company can take advantage of the blockchain portfolio, as it allows the company to track the health of its fleet and possibly track abused users – the portfolio can safely record the vehicle's mechanical condition and other telemetry data at the beginning and end of the day. the course of a user, for example. In addition, the company will have a way to automatically record maintenance, thereby enhancing transparency for users.
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