First Car To Implement Blockchain Tech

Pilot Peoject

Porshe has announced the first car to implement Blockchain Technology Using The Porshe Panamera.

This is absolutely great news as it further proves the use and strength of the Blockchain industry.

Okay, So basically what Porshe has done with the Pilot Project Is implement a trustless blockchain to log driving data securely on IPFS to analyse driving behaviour.
This means, more safety, more control and way more fun owning a Porshe!

So what is this device thing they install inside this fabulous car called? Wait for it..........The Hybrid XIAN node. You didnt expect that one coming didn't you? Okay, moving along.

As i mentioned above the first thing it does is Log data in this device to analyse driving behaviour.
Another thing it does is enable you to make use of a flexible key. This key can be shared securely & temporarily via the XAIN Blockchain to grant another account access to the Porshe, pretty cool huh? But wait for the ultimate feature!......This type of functionality can actually be used to grant a post man access to the trunk via his smart watch.....didn't see that one coming either huh? Haha

A safety measure they did take though, is the fact that keyless access is reduced from 10-15 seconds to a crazy 1.5 seconds. This works online and offline, sending the data to the network later!
The car owner will then know that the car has been accessed by a certain account.

Must say, i really like this feature.

The third feature is Online Access.
The car can be opened securely via an online transaction that is mined by the vehicle network. Ofcourse The network is a public permissioned blockchain with hybrid nodes inside the cars.

Each nod mines with PPoKW developed as an energy optimised consensus algorithm with support from our well respected Oxford University and Imperial College researchers.
This algorithm actually works in ECUs of cars or IoT devices. The network is then stabilised through anomaly detection.

In my opinion, this is a really great project and i believe some other car companies are going to be jealous and dvelope their own.

If you liked this article, please follow me and share. I might just do a very detailed article on this project, digging through then ins and outs.

Thanks for reading.