Auto News

Daimler outlines blockchain vision

daimler mercedes
Self-driven vehicles are slated to be the future of the automotive industry, and car manufacturers are scrambling to come up with solutions to meet this demand. For this, German automaker Daimler is banking on blockchain to bring about a smooth business transition.  Daimler has been experimenting with blockchain and has run pilot projects in the past. It also has a separate division for blockchain development within the Daimler Financial Services (DFS) group, known as the ‘Blockchain Factory’. The auto firm revealed that is researching applications of blockchain with a three-pronged approach — mobility as a service (MaaS), digitization of contracts, and tokenization of assets.
Mobility
In terms of mobility, Daimler envisions a future with autonomous cars connected to a network with sensors. Other infrastructure such as charging stations, parking spaces, and payments will be connected and automated with smart contracts. The firm is looking at a universal platform for its MaaS projects. “With blockchain, you can consolidate and manage the supply and demand for fleets of tens or hundreds of thousands of vehicles. It will ensure that vehicles and services are available to end customers where and when they want, and that they are billed accordingly,” said Harry Behrens, Head of the Blockchain Factory at DFS.

Article continues …

subscriber padlock

Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.