Porsche introduces blockchain technology

It is the first manufacturer in the automotive industry to take this step

The German firm Porsche, together with the Berlin-based startup XAIN, is testing blockchain technology in their cars. Among the novelties they are experiencing with can be mentioned the locking and unlocking system of the car through an application.

They have also carried out temporary access authorization tests and new business models based on the encrypted data registry. Porsche has pointed out that now transactions are more transparent and secure.

These are key factors that led them to include their models in this business system that gives them greater security.

According to Oliver Döring, from the financial strategies plan of the brand, what they seek is to transfer innovative technology to the client, which translates into security and speed in aspects such as battery recharge, allowing the access of a third person to the car and parking.


Source: El Periódico

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