The world has entered the era of connected cars, and the value of it will become increasingly prominent. The combination of future connected cars, big data and blockchain will not only create many applications of intelligent transportation, but also bring about changes in people’s car lifestyle, and will also initiate many new business models. By 2020, the Internet of Vehicles is expected to usher in a trillion-dollar market.
Blockchain together with the connected car has following advantages:1. Use the blockchain characteristic that the stored data can’t be tampered. For example using the unique account of the vehicle VIN code to access the blockchain system. Due to the inability to modify the blockchain, violation information, vehicle failure, the site information of traffic accidents will be permanently recorded in the blockchain, which can achieve the solidification of evidence and solve the problem of vehicle data integrity.
2. The blockchain can play an important role in car business such as auto repair & auto parts, vehicle management, car manufacturers, car rental, insurance, etc. Smart contracts enable automatic execution of transactions. A blockchain can be used to record the complete lifeline of the vehicle.
3. Among vehicles, consumers and service providers, by sharing data protected by the blockchain, driving safety and service provider management efficiency are improved.
4. Data generates value. Through the collection of data inside and outside the vehicle during driving, the user has his own data and can share it with a third party. (such as the second-hand trading market, the car insurance industry) let the integrity data generate value and make users profit.
Introduction about the typical case of connected cars + blockchainProject: CarBlock, nonda
At the end of May 2018, CarBlock announced that it has signed cooperation agreements with first-tier auto companies such as BMW, GM and Ford. The cooperation with domestic manufacturers such as BAIC, SAIC and BYD is also under negotiation. The most powerful auto blockchain organization is established.
Alex Lee, the founder of CarBlock, founded the connected car intelligent hardware company — nonda, which is now the highest-selling connected car equipment provider in the US and the exclusive connected car equipment supplier to the mainstream US sales channels such as Wal-Mart. Last year, nonda’s smart car hardware shipments reached more than 1 million units, with more than 250 offline retail partners worldwide.
Now, nonda has a complete set of ZUS intelligent hardware, including batteries, entertainment systems, car keys, vehicle health monitors, car chargers, reversing images, etc., can collect data in 65 dimensions.
CarBlock and nonda are both Alex’s projects, but they operate independently with close cooperation. CarBlock has already cooperated with nonda and will develop on the basis of Nonda’s existing business. The project will start operations in Europe and America without any policy risk. In terms of technical aspects, the blockchain project (Ontology) will dock with carblock. In addition, CarBlock has established cooperation with YourMechanic, the largest automotive O2O maintenance service provider in the United States, other investors and cooperative enterprises are also very strong. From the perspective of project realization, CarBlock has more unique advantages than other connected car blockchain project does.
About CarBlock
CarBlock is the world’s first blockchain-based transportation solution built on data generated by smart devices. This circulation of car data on the blockchain is set to disrupt the entire connected car industry. You can find out more information about CarBlock, its partners, and current happenings find us at:
CarBlock official website: CarBlock.io
CarBlock Twitter:
https://twitter.com/carblock_ioCarBlock Medium:
https://medium.com/carblockCarBlock Telegram Group:
https://t.me/CarBlockGlobalCarBlock Wechat Official Account: CarBlock
CarBlock Reddit: reddit.com/r/CarBlock_io/
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