Feb 262018
Porsche Panamera Blockchain

Premium automaker Porsche claims to be the first to successfully test car-based blockchain applications.

Says Porsche’s Oliver Döring, financial strategist: “We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle. We translate the innovative technology into direct benefits for the customer.” 

Porsche is looking at applying various blockchain benefits, such as security and decentralisation, to its range of vehicles. From remotely opening cars in a secure way, to integrating third-party providers through smart contracts without needing to develop specific hard or software to serve as bridges between a Porsche, its owner and the provider.

Porsche’s blockchain work targets the future of the automobile industry through developments such as autonomous driving, where the German carmaker feels it can offer improved functions and data management with blockchain technology.