Blockchain for better mobility: Siemens wants to optimize car sharing

Blockchain for better mobility: Siemens wants to optimize car sharing

Blockchain for better mobility: Siemens wants to optimize car sharing

The automotive industry and the transport sector offer a wide range of potential applications for Distributed Ledger Technology (DLT). Logistics, freight documents, electrical charging or self-driving cars are just a few examples. Siemens now wants to use blockchain technology for its Mobility business unit – with a trend theme as a use case.

This was stated by Andreas Kind, Head of Cybersecurity Technology and Blockchain, in an interview with Forbes. Now that the company has done a lot of research, they are at a point where applications can be used in a variety of fields, according to Kind. Specifically, it is about Permissioned Blockchains. At the same time, Siemens intends to focus on the mobility business. Here the topic car sharing is particularly interesting, according to the Blockchain expert.

Blockchain applications for better mobility

Spontaneously renting and using a car, even for a very short time, is indeed an attractive service, especially in big cities. For example, station-based carsharing in Germany recorded growth of 21.5 percent in early 2019 compared with the previous year.

But the worry-free concept also has its pitfalls. It happens, for example, that a user has to refuel by himself. This means that he can only drive to suitable filling stations, which cooperate with the car-sharing provider and must use a fuel card with its own PIN. However, these cards can be stolen and are often sold on the internet. This is a problem for everyone involved. That’s where Blockchain comes in.

In blockchain we trust

The Blockchain makes it possible to solve the trust problem technically: Whenever people who do not know each other want to get into business with each other. For car sharing, the blockchain technology offers an ideal field, with benefits for all parties – from users to car rental companies to various service providers, such as garage operators. Here, the block chain can ensure smooth processes, says Andreas Kind in the interview.

There are already numerous blockchain projects in the mobility industry, such as flexible access rights or autonomous driving. Siemens has been working for years with trend-setting distributed ledger applications. Among other things, the long-established company wants to promote the energy transition with the help of blockchain technology.

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About Shawn Morrison 246 Articles
One of the founders of BitzArena. Active with crypto currency since the rise of the bitcoin. Loves the innovative character of crypto and blockchain technology, and follows developments in the market closely. Likes to connect technology with business, and likes to make difficult concepts accessible to a wide audience.

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