GM Files Blockchain Patent to Analyze Data from Self-Driven Cars

General Motors (GM) has filed a blockchain patent to manage data given out from the proposed cars of the future, self-driven autonomous vehicles. The application for the patent was published by the U.S. Patent and Trademark Office (USPTO) last week.

Blockchain Could Help with Adherence to Driving Regulations

The premier application by the American car manufacturing giant was filed on May 25, 2017, and it bordered on a system which would employ the use of the blockchain for security and full distribution of data and interdependent exchange between several self-driven vehicles and other entities, such as municipalities, regional authorities, and public facilities. Self-driven vehicles particularly need total openness in order to work with temporary event data, and the application of the blockchain would be compatible with both semi-autonomous and non-autonomous cars.
The filing for the patent states that the use of the blockchain allows for the interflowing of trust in which transparency of transactions can be evident and verification of the same operations can be carried out by participants in the blockchain exchange without the concession of discretion.
The patent proposes that the blockchain can be utilized in the distribution of information when it comes to the aspect of practical needs, resources, and legal records. It also includes but is not limited to finding directions on roads, services relating to refueling and charging, assertion of the legitimacy of permits and licenses for vehicles operating as “hacks, taxis, or other for-hire services,” as well as  “maintaining balances for charges related to tolls, parking, car washes, and access to other fee based services.”
The patent also counsels that it would be in everyone’s best interests if the blockchain is implemented to deliver to occupants of a self-driven vehicle an approved and secure location-based information. The patent further added that the blockchain could be employed in the interaction between highway and traffic management systems and users of autonomous cars in the form of a cloud blockchain ledger for the distribution of information from the National Highway Transportation Safety Administration (NHTSA).
The patent also stated that another type of data into the blockchain could help with drivers of autonomous vehicles driving responsibly and following traffic rules with a blockchain ledger created for data concerning actions of drivers, vehicles and the driver’s capability to adhere to the rules.
GM has joined BMW, Ford, and Renault as new members of Mobility Open Blockchain Initiative (MOBI), a joint venture with over thirty members including Bosch, Hyperledger, IBM, and IOTA.

Related posts

Bitcoin Positions Worth $1 Billion Liquidated in 30 Minutes Post BTC’s $5k Correction

Bitcoin price recorded its new all-time-high above $62K only a couple of days back, having spent a majority of February and the first week of March in a consolidation phase. However, the price recorded a sharp correction of $5K this…
NewsNews 1SocialTrading View

South Korea cracks down on tax evaders using cryptocurrencies

As prices in the crypto market surge, the other side of the market has been witnessing a rise in criminal activities. On Monday, South Korea’s tax agency reportedly caught 2,400 individuals who were hThe post South Korea cracks down on…
AnalysisEthereumNewsNews 1SocialTrading View

Ethereum Price Analysis: 15 March

Bitcoin once again pumped over the weekend and registered a new all-time high above $60k. As BTC chased new targets, the largest altcoin Ethereum [ETH] has also been moving higher on the price scale. The post Ethereum Story continues on…