Leading U.S. automaker General Motors (GM) has filed up a patent of using blockchain technology in car industry in order to improve the transfer of data related to vehicle operation between many IoT facilities. This is indicated by the patent application on the U.S. Patent and Trademark Office official website.
General Motors is an American corporation, which is considered to be one of the world's largest car manufacturers. It oversees the development of such world-known car brands as Chevrolet, Cadillac, Pontiac , GMC, Hummer, Opel, Daewoo, and many, many more.
According to the patent application, the new technology includes the implementation of a consensus on the interaction of blockchain chains between various objects operating in the network, to disseminate information about the event associated with the use of the vehicle.
Thus, using decentralized technology, General Motors wants to occupy the vacant place of technology leader in the automotive industry.
In fact, for the blockchain technology, this patent application is not something supernova in the automotive industry.
Earlier, for example, Toyota entered into collaboration with blockchain advertising analytics company Lucidity and Porsche announced it would increase its investment in blockchain venture capital activities by 150 million euros in order to gain access to the benefits of new technologies and business models.
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