German automaker Volkswagen has announced that it is testing blockchain systems.
Bringing #blockchain systems to the road: We’re working full steam ahead on making super-safe #cryptosystems available to our customers. For filling the tank, unlocking your car – and all kinds of other possibilities: #bitcoin #ethereum #iota
— Volkswagen Group (@VWGroup) August 8, 2018
The company said that the technology has a lot of potential for application in maintenance, logistics, self-driving vehicles, and specialized solutions such as tamper-proof odometers. Benjamin Sinram and Nicolai Bartkowiak from Volkswagen Group IT are working on potential applications.
“Blockchain technology also offers a lot of opportunities when it comes to self-driving vehicles. It can protect cars from hackers better than other technologies, and help with automatic payments at fueling stations or car washes,” Bartkowiak said.
Sinram said that the company wants to familiarize its customers with blockchain systems. They have built a network of nearly 300 employees in the Volkswagen Group, across all the brands, who exchange ideas on this emerging technology.
“Our contacts among the different brands enable us to work very efficiently. The atmosphere is open, and we’re happy to include interested individuals from any department,” Sinram said.
According to the announcement, the company is currently testing three concrete potential applications for distributed ledger technology (DLT):
- A mileage clocking system, which will make it difficult to tamper odometers as every odometer reading can be saved permanently using a blockchain.
- A blockchain model, being developed by Porsche in collaboration with Berlin-based start-up XAIN, aimed at protecting cars from hackers.
- Volkswagen Financial Services is currently running a pilot study in Great Britain to test a blockchain model that streamlines business contact between providers and customers of electric charging stations.
“We’re building our own blockchain solution,” Bartkowiak added, “regardless of whether they’re based on IOTA, Ethereum, or other crypto technologies.” The most important thing: “We want to create added value for our customers. More security, more transparency, and partnership approaches to projects.”


SK Hynix Eyes Up to $14 Billion U.S. IPO to Fund AI Chip Expansion
Bitcoin Reclaims USD 71,000 Milestone: Bullish Sentiment Resurges as Geopolitical Tensions Ease
Ethereum’s $2,200 Ceiling: Can Diplomatic Breakthroughs Dissolve the Bearish Resistance?
Bitcoin Retreats as Geopolitical Tensions Flare: BTC/USD Dips Following Iran’s Rejection of Ceasefire
Google's TurboQuant Algorithm Sends Memory Chip Stocks Tumbling
Trump White House Unveils National AI Policy Framework for Congress
Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI
FxWirePro- Major Crypto levels and bias summary
AMD CEO Lisa Su Heads to Samsung's South Korea Chip Facility Amid AI Expansion Talks
Ethereum Steady Above USD 2,000: ETH Tracks Bitcoin’s Lead as Bulls Eye a USD 2,770 Breakout




