Blockchain technology moves into car sharing, mobility services

Blockchain technology moves into car sharing, mobility services

  • Accounting and consulting firm EY, part of Ernst & Young Global Ltd, said on Wednesday it was launching a blockchain based system that will enable companies or groups of individuals to more easily share ownership of vehicles and access to cars and trucks.
  • The concept of sharing the use of vehicles is not new to the auto industry, but the use of blockchain technology to record vehicle ownership, log the use of vehicles, and apportion insurance costs and other transactions is in its infancy.
  • T>, for example, said in May that its Toyota Research Institute would work with researchers at MIT and technology partners including BigchainDB of Berlin, Oaken Innovations of Dallas and Toronto and Commuterz, an Israeli startup, to develop blockchain based applications.
  • Toyota said it was also working with partners to develop usage-based insurance products using blockchain systems.
  • EY’s Simlett said blockchain systems could enable shared use and shared ownership of large fleets of vehicles, such as a group of cars parked in a high-rise building that residents could use as needed, gaining access using a smartphone app.

The technology underpinning the cryptocurrency bitcoin is migrating to the auto industry and vehicle sharing. Accounting and consulting firm EY, part of Ernst & Young Global Ltd, said on Wednesday it was launching a blockchain based system that will enable companies or groups of individuals to more
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Are You Missing Out? Bitcoin Explained With Chris Dunn

  • Bitcoin Explained With Chris Dunn
  • I will try to sum up what Chris taught me about Bitcoin but make sure to watch the video to really learn about it.
  • Over the last few years Chris has invested a lot of his time researching Bitcoin and has become an avid trader of the cryptocurrency along with others such as Altcoin.
  • Chris Dunn opened his first business as a teenager, detailing cars.
  • Like most beginners, Chris blew up his first account but became obsessed with the market during that time.

Fear of missing out (FOMO) is a human anxiety many people suffer from. Anyone interested in making more money or getting ahead in life definitely hates r…
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