But how does it all work and why should we care?
The most recent effort is byCar IQ.
Vehicles can pay for fuel, tolls, parking, and more without a credit card.
Why use blockchain technology for in-car transactions?
Existing transactions using credit cards, debit cards, and electronic fund transactions require customer action.
They are costly, difficult to reconcile, and prone to fraud.
The most significant issues of M2M payments are security and authenticity.
An example is verifying the identity of a vehicle and ensuring it receives the services that it pays for.
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This eliminates the need for human use of credit cards to process payments.
What are other use cases for blockchain tech in mobility?
Otherwise, the data may be fraudulent or even tampered with by cybercriminals.
Walk me through all this again like Im an idiot?
So, I might own an autonomous vehicle.
To do so, it needs to find, authenticate, communicate and transact with those machines.
How else are mobility companies using blockchain tech?
Daimler Mobility is working onsmartVINto stop odometer tampering in second-hand car sales.
They aim to create a secure virtual vault to store vehicle information and history without being changed.
Berlin startuppeaqis developing a vendor-agnostic e-charging platform where customers can charge their vehicle at any station using roaming contracts.
Blockchain tech wunderkinds IOTA have also worked withJaguarto deploy smart wallet technology in their cars.
Yep, you could make cash from that escooter ride.
EVs will also use V2E (vehicle-to-everything) communication.
They could share traffic rerouting due to a lane closure.
Cars could be alerted of an approaching emergency vehicle.
A car in traffic could pay to overtake another vehicle.
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Story byCate Lawrence
Cate Lawrence is an Australian tech journo living in Berlin.
