September 30, 2020

BMW, Renault, Honda, GM and Ford are testing blockchain automatic payment system

BMW, Renault, Honda, GM and Ford are testing blockchain automatic payment system

In November, a group of leading automakers will conduct open trials of an automatic payment system for vehicles.

BMW, Renault, Honda, General Motors and FordTogether with the Mobility Open Blockchain Initiative, they plan to integrate a blockchain solution that will allow you to make payments while traveling without the use of cash or bank cards.

The system will assign unique identifiers to vehicles with information about the owner and history of the car. The aim of the project is to eliminate the need for human participation in the process. Paying for parking or travel. In the future, cars will be able to connect to other networks to pay for refueling or charging.

MOBI is also considering the use of cryptocurrencies to pay the driver compensation for the return of energy to the grid after a failure.

The initiative will help automakers take a step closer to realizing the concept of unmanned vehicles.

In addition to this five, other automakersalso use blockchain to automate payments. Recently, the Daimler automaker behind the Mercedes-Benz brand has developed a hardware crypto wallet for next-generation cars that performs similar functions.

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