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General Motors (GM) might be considering a blockchain platform to help them managed automated car data based on a recently published patent. GM is an American multinational corporation that designs, manufactures and distributes cars and sells financial services.
On Thursday November 29 a patent application was published that detailed the ability to store data on self-driving cars on a distributed ledger. The patent was produced by GM Technology Global Technology Operations LLC and filed with the US Patent and Trademark Office.
This is exciting news, once again companies are seeing the widely varied applications of blockchain technology. There is a lot of buzz about self-driving cars, and rightly so, they hold the ability to vastly reduce or almost eradicate road vehicle deaths. However, there is a vast amount of data needed in order to get self-driving cars to all interact smoothly and provide a safe and efficient environment for everyone on the road. Having a blockchain-based database could help immensely in this effort.
Navigation is one area GM considers that blockchain technology will be useful, explaining:
“It is desirable to provide locations information and densities of vehicles in regions in an online blockchain ledger for interoperable information sharing between vehicles of participants for use in navigating routes.”
GM has some real vision when it comes to how it foresees blockchain technology supporting self-driving cars. For example, it envisions that cars and vehicles would be registered via blockchain, holding information such as licenses, and capturing ticket information which can then be distributed appropriately. GM plans to begin its production of self-driving vehicles next year which is much anticipated by the industry.
GM has now joined other companies in a trend towards recognizing the potential of blockchain technology and they won’t be the last. As time goes on, more and more companies are experimenting with blockchain technology and analyzing what the blockchain could do for them. As this continues to happen, we will see the trend toward unique and promising uses of blockchain technology continue to grow.
Self-driving cars is an area of tech that blockchain really lends itself to. Such a vast amount of data need to be exchanged in order for the self-driving system as a whole to work, and this only becomes more demanding as more self-driving vehicles take to the roads. Having a blockchain-based system would help this data be transparent and easily accessible by companies and governments looking to improve the system as a whole.