HPE and Continental announce blockchain-based platform for sharing vehicle data

James is editor in chief of TechForge Media, with a passion for how technologies influence business and several Mobile World Congress events under his belt. James has interviewed a variety of leading figures in his career, from former Mafia boss Michael Franzese, to Steve Wozniak, and Jean Michel Jarre. James can be found tweeting at @James_T_Bourne.

MWC19 Hewlett Packard Enterprise (HPE) and Continental have jointly announced a blockchain-based platform that will share vehicle data to enable new digital services in order to improve driver safety and convenience.

The platform, scheduled to be available in 2019, will provide data sovereignty, security, efficiency and transparency and will help overcome the technical issues concerning sharing of vehicle data.

Many digital ecosystems allow data sharing that is based on an intermediary model wherein platform owners mainly coordinate data flows and monetisation. HPE and Continental have applied a complimentary approach to develop their platform by leveraging a decentralised architecture based on blockchain technologies.

Phil Davis, president hybrid IT and chief sales officer at HPE, said: “Sharing vehicle data across vendors can solve some of the toughest traffic problems and improve driver experience by leveraging the power of swarm intelligence. Together with Continental, we provide the key to unlock the value of this data treasure, not by taking control of the data ourselves, but by giving control to the drivers and car manufacturers.”

Last month Continental, alongside Siemens and Commerzbank, worked together to test blockchain technology so that it can be used for regular financial transactions in the financial market. During this pilot project, the initiation and processing of a transaction of €100,000 was held directly between Continental and Siemens for a term of three days. Continental was the issuer of the money market security that was established under the Luxembourg law, based on legal requirements in the form of a euro-denominated electronic commercial paper.

Interested in hearing leading global brands discuss subjects like this in person? Find out more at the Blockchain Expo World Series, Global, Europe and North America.

View Comments
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *