Blockchain may propel driverless vehicles into express lane. – Bitcoints


Published on May 25th, 2017 | by bitcoin


Blockchain may propel driverless vehicles into express lane.

Oaken sees itself taking care of the attestation of vehicles, inputting data on the blockchain to give vehicles a kind of digital identity.
Once this identity is in place, Oaken can use GPS to follow the car, time-stamping its location on the blockchain.
But before autonomous cars, Oaken is looking to equip today’s cars, those that could be manned by a human with the ability to purchase services using cryptocurrency.
And while manufacturers might be selling less cars, Johnson continued, they’ll get more revenue per car – or rather than selling cars, offer pay-per-use models.
Johnson said:
“The discrimination of usage-based insurance – autonomous cars could solve this.”
Futuristic car image via Shutterstock


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