Ford To Begin Using Blockchain Technology To Track And Improve Fuel Efficiency
The major automobile manufacturer Ford is testing a new blockchain technology that has the goal of improving the fuel efficiency of its vehicles. According to the company, the technology will be used to monitor and implement driving modes that can use fuel in a much more efficient way.
Initially, the blockchain will be tested in a fleet of vehicles in Cologne, Germany. There are also some tests set to be made in London and in Valencia, too.
Ford outfitted 10 hybrid electric cars with modems that will enable geofencing and as soon as they enter a zone with low-emission, they will switch to electric energy. All the metadata of the cars will be stored on the blockchain, so the database will also have information about how vehicles are spending their energy.
According to the company, the pilot is important because it will help the local authorities to administer and implement low-emission zones. The officials can receive the data in real-time to see if the car owners are really following the law.
According to Gunnar Herrmann, chairman of Ford-Werke GmbH’s management board, security, transparency, and trust are all very important when it comes to having a clean city. With more initiatives such as this one, people will be able to have a cleaner world and to work together.
The pilot is also a part of Smart City Cologne, a new initiative to make the city more friendly to the environment.
In related news, five automakers including Ford and other giants such as Honda and BMW started the Mobility Open Blockchain Initiative, which is set to automate some payments made by the cars themselves to pay for parking, tolls and more.