Disruptive technology in the automotive industry.
Nationwide, United States
How Blockchain Tech Could Move Self-Driving Cars Into the Fast Lane
Summary Information
This article discussed blockchain technology in the automotive industry and examined how the Ethereum network could connect automobiles and other Internet-of-Things (IoT) devices to support automated vehicle applications.
In most US cities, there are about 100 times more roads than mass transit lines leading to significant opportunities for improved ride-sharing applications.
FINDINGS
Connecting drivers with riders using a decentralized blockchain network with automated smart contracts customized for ride-sharing would eliminate the 20 percent service fee required by large ride-matching services and enable drivers to save money and provide cheaper rides.