Volkswagen Patent Allows Vehicles to Communicate via Blockchain

Blockchain | Crypto News | Latest News

Volkswagen has applied for a patent allowing vehicles to communicate with each other through a blockchain-based network aimed to increase road safety by warning of nearby vehicles and alerting the driver to potential collisions.

The system could potentially be used to negotiate actions like merging lanes, overtaking, and a number of other high-risk activities on the road.

“In Vehicle-to-Vehicle communication messages are exchanged between vehicles to enable novel safety-relevant use cases. Most of the currently known use cases provide warnings to alert a driver about an imminent event, such as two vehicles colliding with each other,” read an excerpt from the patent. “To this end, Vehicle-to-Vehicle communication is based on single messages, which are signed by the sending vehicle.

FREE CRYPTO COIN JUNKY HANDBOOK - 147 page guide covering Crypto Fundamentals, Beginners/Advanced Crypto Trading Strategies, Crypto Mining Techniques, ICO Investment strategies, and so much more.

CRYPTO TRADING STRATEGY GUIDES - Whether You're Day Trading, Swing Trading, Or Just Investing...Our Extensive Guides Will Get You To Where You Want To Be.

The signature provides integrity and non-repudiation. A natural extension to safety warnings are cooperative manuevers, which allow increasing both safety and efficiency of road usage.”

The patent deals with self-driven and manually-driven cars and aims to either display information for a driver to see or simply inform self-driving cars on their next move. A cooperative inter-driver contract is described which will allow drivers to enter agreements aimed to increase their road safety.

“Cooperative manoeuvres can be performed in a variety ways. One efficient way is for two vehicles to negotiate a contract. Once this contract is complete, the manoeuvres of the negotiated contract are carried out. In case a need for a change of plans arises, this change needs to be agreed upon as well.”

The crux of the patent is the concept of exchanging inter-vehicular messages which are cryptographically signed and serve to create a network of nearby cars in order to better avoid collisions and work with the flow of traffic.

The patent explains that messages are first exchanged between one vehicle and another, with each message containing a “hash pointer” which indicates where relevant information is stored on a blockchain. After the messages have been exchanged the pointer to the last of the messages is signed by each participant and published on the blockchain. If the resulting contract has to be changed, a further message is added and the process continues.

Volkswagen is the latest major company to apply for a blockchain patent to enhance their business, with Walmart patenting a system for accessing medical records on a blockchain with other blockchain patents under review and Mastercard patenting anonymous blockchain transactions.  and Samsung seeking blockchain patents to improve their logistics and operational efficiency.

Ford Motors has also patented a cryptocurrency-fueled vehicle technology allowing for preferential lane access while on the road among other functions, with cryptocurrency exchange being a feature of the system. It’s possible that the Volkswagen contract system will handle similar negotiations if approved.

Leave a Comment

Latest Crypto News

Bitcoin Signaling Bottom As Volatility Reaches Yearly Low States President of Blue Line Futures

California Based Reality Shares Joining Bitcoin Hedge Fund Arena

California-based asset manager Reality Shares has become the latest competitor in the Bitcoin hedge fund space, an anonymous source told Business Insider August 15. Reality Shares, which became known in the cryptocurrency space this year after launching the first Chinese blockchain ETF in June, has reportedly already

High Times to Accept Crypto in Its Initial Public Offering

High Times Will Not Accept Bitcoin in Its Initial Public Offering

Marijuana culture media group High Times Holding Corp. has decided not to accept Bitcoin (BTC) in its initial public offering (IPO), according to an August 13 filing with the U.S. Securities and Exchange Commission (SEC). The decision runs counter to the

How the SEC Actions Correlate With BTC & Market Prices

How the SEC Actions Correlate With BTC & Market Prices

Earlier this week, the cryptocurrency markets slumped: Bitcoin (BTC) lost its $6,500 support, and Ethereum (ETC) dropped well below the $400 mark (rates stand at $6,620 and $319 respectively by the press time). While it’s important

Tether Issues $50 Million Worth of Tokens

Tether Issues $50 Million Worth of Tokens

Tether (USDT) has issued new tokens worth $50 million on August 11, according to block explorer OmniExplorer. In late March, Tether had released 300 mln USDT tokens priced at $1 per token. Over the past 30 days, Tether’s market

bitcoin long live the king

Bitcoin: Long Live The King

If you’re wondering how you should treat Bitcoin, as an investment vehicle, allow me to share with you guys my non-expert opinion. End of story, thanks a lot for reading. FREE CRYPTO COIN JUNKY HANDBOOK

Something’s Brewing at Facebook’s Crypto Division

Something’s Brewing at Facebook’s Crypto Division

It’s not entirely clear what exactly is going on in Facebook’s nascent cryptocurrency division, but several reports suggest that something is afoot. Facebook Meets with Cryptocurrency Project Stellar The first comes from Business Insider, who reports

Everipedia Launches First P2P Blockchain Encyclopedia

Everipedia Launches First P2P Blockchain Encyclopedia

Cayman Islands-based blockchain startup Everipedia formally launched its peer-to-peer (P2P) encyclopedia August 9, a press release confirmed. Designed to be an “autonomous encyclopedia without the need for advertisements or donations,” the project uses the EOS network to function and will reward

Dish Satellite Provider Adds Bitcoin Cash as Payment Option

Dish Satellite Provider Adds Bitcoin Cash as Payment Option

U.S. satellite service provider DISH has announced it has added Bitcoin Cash (BCH) as a payment option and migrated to the BitPay payments provider, according to an official press release August 9. The DISH Network Corporation was among the first

Binance Releases Demo of Decentralized Exchange

Binance Releases Demo of Decentralized Exchange

The CEO of cryptocurrency trading platform Binance Changpeng Zhao announced a demo of the platform’s decentralized exchange in a tweet today, Aug. 9. In a six-minute video attached to the tweet, Zhao presented a “casual, early, pre-offer”  demo of

Sign Up Below!
Airdroppin the Latest Crypto News, Trading Strategies, Tools, & Reviews



1
Bitcoin
Bitcoin
$6,419.31
0.34%
2
Ethereum
Ethereum
$292.54
2.84%
3
XRP
XRP
$0.2908
1.78%
4
Bitcoin Cash
Bitcoin Cash
$527.32
2.27%
7
Litecoin
Litecoin
$56.390
0.71%
8
Cardano
Cardano
$0.096829
-0.15%
6
Stellar
Stellar
$0.2191
-2.04%
15
NEO
NEO
$16.655
3.15%
5
EOS
EOS
$4.742
2.10%
12
IOTA
IOTA
$0.4673
-0.14%

Crypto Guides & Tutorials

 Crypto Reviews

Subscribe to Our Social Media Daily Crypto Memes
Follow, Like, and Share Our Memes With The World


Pin It on Pinterest

Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
Plus Free Crypto Trading Guides, Tutorials, Latest Crypto News,
and Altcoin Reviews. (Coming Soon: Pro Trading Signals)
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
Plus Free Crypto Trading Guides, Tutorials,
Latest Crypto News, and Altcoin Reviews
(Coming Soon: Pro Trading Signals)
DOWNLOAD NOW
We hate spam as much as you do. Unsubscribe anytime.
SIGNUP FOR YOUR FREE
CRYPTO COIN JUNKY
HANDBOOK