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15/10/19 08:40 UTC-5

BMW, Ford, and GM are testing blockchain for parking and fares payments

OtherCar manufacturers will work with the blockchain
Car manufacturers will work with the blockchain

Carmakers will start testing the blockchain-based car identification in November. Car owners will refund the fee or pay for parking without credit cards, as asia.nikkei.com reports.

Owners of electric vehicles will switch to blockchain

Renault, BMW, General Motors, and Ford have prepared a project that identifies vehicles. Car manufacturers use blockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details
technology to get drivers to pay a parking fee without cash. The idea of ​​the project was presented to the Mobility Open Blockchain Initiative international community.

The companies will start testing the system in a month. Each car is put in the register and assigned a digital ID. The blockchain structure also notes the date of purchase and service data. Electric vehicle drivers will automatically pay for the service so that the ride is comfortable.

Interesting in the section: Buy your next car using Bitcoins

See also: "Blockchain ICONLOOP startup raised more than $8 million"

#blockchain #BMW #GeneralMotors #FordMotor #Renault

Editor: Daria Mukhina
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