Hyundai Car Producer Aims To Pair Electric Vehicles With Smartphones Via Blockchain Tech
Hyundai Motor Group Aims To Pair Electric Vehicles With Smartphones Via Blockchain Tech
Blockchain technology is an honest and immutable ledger, and there are industries around the world that are working to see if the technology can adapt to their needs. Much of the implementation has been with supply chain management, but the largest car manufacturer in South Korea recently decided to add it for their own use as well. The manufacturer, Hyundai Motor Group, plans to integrate the tech into their electric vehicles to pair them with smartphones. The new change in the EVs was reported by Green Car Congress in a report today.
Hyundai stated that the reason for the use of blockchain tech in this circumstance is to let users customize their primarily functions through a connection with the corresponding app on a smartphone. Blockchain tech will be used as a way to protect users from security issues as the server uploads data from the user.
The new system will encrypt information by creating new data blocks that go on the blockchain, which are created as uploads and sharing features are established with the smartphone. Drivers will have the freedom to modify seven specific performance features, which include the motor’s maximum torque output, acceleration, deceleration, regenerative braking capacity, maximum speed limit, energy use on climate control, and overall responsiveness.
Hyundai Commercial, the financial services subsidiary of Hyundai, decided to enter a partnership with IBM, the well-known tech giant, earlier this year. The partnership is meant to help the deployment of the Hyperledger Fabric blockchain technology, which will establish a supply chain financing ecosystem that works on the Hyundai Commercial network. A patent was recently approved for IBM to work on a system that would watch the data and interactions involved with self-driving vehicles, which could be a great benefit for Hyundai.