Daimler has partnered with blockchain company Riddle & Code to create a hardware wallet for vehicles.
The tamper-resistant hardware was shown at Starupautobahn in Stuttgart recently. It offers vehicle fleets a cryptographic identity for vehicles to record a vehicle’s performance and to make sure it has up-to-date maintenance.
The unit integrates with the vehicle telematic control unit to receive, sign and attest to sensory data from the car and even the surrounding infrastructure. It could be used in relaying traffic patterns and to communicate with smart city signals and other infrastructure. Accident information could be transferred to insurance providers using blockchain-certified data, Riddle & Code said in a statement.
With blockchain technology, a secure identity will ensure that the right authorities have approved code executed inside of the vehicles “and the trustworthiness of data exchanged,” said Tom Furstner, CTO of Riddle & Code.
With cryptographic hardware, distributed ledger technology will “turn automobiles into future market places," he said.