Automotive blockchain platform opens new opportunities for connected vehicles

November 14, 2018 //By Rich Pell
Automotive blockchain platform opens new opportunities for connected vehicles
Enterprise IoT blockchain solution provider Filament (Reno, NV) has announced an automotive blockchain platform for connected vehicle applications.

Blocklet for Trusted Vehicle Applications (TVA) is offered as the industry's first end-to-end automotive blockchain platform that allows vehicles to participate directly in blockchain and distributed ledger technologies (DLTs). The hardware - which includes the company's Blocklet technology, as well as cellular connectivity, environmental sensing, and access to vehicle diagnostics - makes it possible for automotive, freight, and transportation companies to create new, large-scale connected-vehicle services and smart contract applications on top of a trusted blockchain foundation.

"The Internet of Things and blockchain are a powerful combination," says Allison Clift-Jennings, CEO, Filament. "We believe this is especially true in the rapidly changing automotive and transportation landscape."

“Blockchain technology gives connected machines including passenger vehicles, long haul trucks, and construction equipment, a voice of immutable truth that goes well beyond data gathering," says Clift-Jennings. "Blocklet TVA helps corporations with connected vehicles quickly understand and tap into the potential of transparent, edge-authenticated and distributed data which will enable the next generation of intelligent mobility."

Blocklet TVA, says the company, is a secure and flexible platform that enables a wide range of new products, services, and business models to be created at the intersection of vehicles and blockchains. As an example, it can be used to create new dynamic leasing models where blockchain technology measures and validates vehicle usage to adjust lease rates accordingly.

The solution can also enable an immutable vehicle history with cryptographically verifiable service records that are maintained on a distributed ledger, used to determine an accurate value of pre-owned vehicles, and support smart-contract based business logic. Original equipment manufacturers can use Blocklet TVA to build new supply chain services for vehicle components, ensuring their provenance, usage history, maintenance activity, and use of genuine replacement parts.

Available as part of the company's Blocklet Kit for Trusted Vehicle Applications, Blocklet TVA includes:

  • Blockchain-native chipset for secure vehicle data apps and diagnostics: Ability to securely collect, attest, and transact vehicle data, such

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