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MERCEDES TO USE BLOCKCHAIN HARDWARE CAR WALLETS IN THE FUTURE

MERCEDES TO USE BLOCKCHAIN HARDWARE CAR WALLETS IN THE FUTURE


According to a press release published on July 22, 2019, Daimler AG, which owns Mercedes, partnered with European Blockchain interface company RIDDLE&CODE in order to create an open car wallet solution. The latter company will provide an electronic device which will be integrated into future Mercedes cars.

Bringing blockchain to vehicles:
Daimler’s car wallet will be based on Secure Element 2.0 designed by RIDDLE&CODE – an electronic device which gives each individual vehicle a unique digital identity. The company claims that combining this digital identity with the real-world one, such as registration, “creates unique and secure ledger transactions”. 

This collaboration shows what role could blockchain play in the future of transportation. RIDDLE&CODE understands the importance of working with Daimler to create the DLT-based solution. Alexander Koppel, the CEO of the company, commented:

"This is a prime example of a global market leader betting on European industry collaboration and DLT-based innovation. A new generation of open mobility services will create new business models, and RIDDLE&CODE is excited to be at the heart of it with our hardware-based car wallet. It shows an ability to continue to offer disruptive value-added services creating new marketplaces for mobility, energy and finance."

Getting ready for the future of mobility:
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