Porsche Implemented Blockchain into One of Its Cars

Most recently, Porsche, a giant in automobile sphere, announced the implementation of blockchain technology in its cars. To do it, the automaker performed a competition among startups in the field of cryptocurrency, and then selected from 100 participants only one team, called XAIN.

According to Oliver Dohring, director of financial strategic planning at Porsche, the introduction of blockchain will allow for safer and faster operations, whether opening and closing a car door through a trusted application, or allowing another person to gain temporary access to a car.

“We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle. We translate the innovative technology into direct benefits for the customer” he said.

Porsche Panamera became the first car with the blockchain technology embedded  into it, which allowed the car to integrate its data blocks into the common chain, as reported by drive.ru

The company, with a help of XIAN, wants to create its own network, similar to Ethereum, which worked together with Porsche on Panamera and implemented into it an energy-saving mining process.

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