The rise of Blockchain for Automotive: mobility services

By | 1 minute read | January 4, 2018

It’s been more than six months since I wrote my last blog post on Blockchain for Automotive.

And in the interim, interest in Blockchain from the Auto industry has really taken off. Some of this is, no doubt, sparked by the run up in the world of crypto-currencies. But multiple auto and related companies have also announced Blockchain pilot programs for a diverse set of use cases.

One of the most promising areas is Mobility services. It’s already a focus area for OEMs. And the threat posed by Uber, Lyft and Didi and others to shake up industry norms for car ownership and car usage looms very real. Nearly all the big OEMs are experimenting with investments in car sharing, ride sharing and ride hailing schemes.

Mobility Services: read all about it

IBM Institute for Business Value recently published an Experts Insight paper on “Blockchain for Mobility Services: Personalised Mobility through Secure Data.” This paper elaborates on multiple Blockchain usage scenarios. It also introduces IBM’s partnership with ZF Friedrichshafen and UBS bank. The goal: build a car eWallet and micropayments platform to automate payments for future electric and autonomous vehicles.

As people move from one vehicle to another, their personal information and preferences need to follow them, so the car they use feels like their own. Blockchain is defined as a shared, immutable ledger, and it can address many of the challenges that new types of personal mobility present.

Learn more about Blockchain

If you’re interested in learning more about blockchain, I invite you to read my other blog posts from this series and stay tuned for new posts in 2018. You can also learn how IBM can help you on our website.

And if you’re at CES, please stop by the Las Vegas Convention Center, say hello and see how #AccessibleOlli is changing transportation.