You’re a passionate automotive enthusiast? Meanwhile desperately addicted to blockchain solutions? It’s all about you now. A Memorandum of understanding has been signed during the very fist Cybersecurity forum in Munich.
Blockchain and cars
The so-called blockchain finds a large field to demonstrate its multiple usage nature. Implemented in most of the modern sectors, this technology finally finds its road to the automobile industry. We’re speaking of information, stored in a decentralized manner in a database. This is more or less a network, where validity doesn’t rely on trust, but constant verifications from all the participants. All this provides an additional security layer, which helps to avoid any manipulations. For the purpose of achieving glorious and legendary functionality, two companies decide to unite the blockchain technology with an access delegation framework. The results? Organically providing flexibility and specific functions to the target audience such as keyless access to their vehicle, automobile sharing and optionality of insurance policies. Ultimately, customers will adjust their driving behavior, according to the built-in services.
Infineon and XAIN union
What these two companies aim for is to actually turn a car into a network participant – a node. The goal of their collaboration is to implement XAIN’s technology in Infineon’s manner into modern cars. As mentioned earlier, there was a conference this month, where the businessmen presented a demo version, showing the functionality, which is planned to get integrated. The particular example was about remotely accessing your car via a smartphone application. This is going to happen using a microcontroller, connected to the blockchain network. This will dramatically influence the car sharing case when a participant will be able to borrow its car for a certain period and with an exact speed limit. Have a teenager out there? This is your perfect match.
Who are they and what they do?
XAIN has initially created as an Oxford University project, but three years later it was incorporated as a Berlin company. It created intelligent systems for the purpose of sharing data via standardized control protocol. The company worked on a new hybrid model, which is able to make microcontrollers suitable for automobiles.
Infineon is a semiconductor provider, generating billions of sales per year with almost 40 thousand employees all over the world. The company’s role is to delegate access for the sake of freely retain control of an automobile to a third person. Of course, no private data is going to be kept by a central authority, so the nodes will be able to learn from each other, without bothering the user’s privacy. Avoiding the compromising element is what is going to drive further this combination between versatility and personal detachment.