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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Now could be a good time to keep an eye on bitcoin again

Now could be a good time to keep an eye on #Bitcoin again

  • More ” Bobby Flay chops price on New York apartment to nearly $7M
  • Staffing 360 Solutions, Inc. , a public company executing a global buy-and-build strategy through the
  • While tech companies may come to the fore based on their ability to bring change in their respective
  • While financial tech companies offer tools to save time and money, it remains to be seen whether they
  • Canadians traveling within the United States this summer can expect long line-ups and wait times beyond 90 minutes when passing through security at most

Read the full article, click here.


@YahooFinanceCA: “Now could be a good time to keep an eye on #Bitcoin again”


Read ‘Now could be a good time to keep an eye on bitcoin again’ on Yahoo Finance Canada . The currency is now valued at €477 per coin, matching the valuation it had back in August 2014.


Now could be a good time to keep an eye on bitcoin again

Australian police to auction $13m in confiscated bitcoins

  • Auctioneers expect strong interest in the auction of 24,518 bitcoins, each of which is currently valued at about $530.
  • Victorian police confiscated the bitcoins as proceeds of crime, although only registered bidders will find out who from
  • Nikitins would not say who the bitcoins were confiscated from, but said registered bidders would be told.
  • Nikitins expects strong interest in the auction since the bitcoin price has become less volatile after the US auctions.
  • Bidders can register until 7 June for the 24,518 bitcoins on offer.

Read the full article, click here.


@mscgroupllc: “Australian police to auction $13m in confiscated bitcoins: Victorian police confiscated the bitcoin… #technews”


Victorian police confiscated the bitcoins as proceeds of crime, although only registered bidders will find out who from


Australian police to auction $13m in confiscated bitcoins