Daimler is betting on a crypto-wallet developed by the start-up Riddle & Code to secure the exchanges of its autonomous cars.
Over the years, Blockchain technology has become essential to authenticate and secure transactions and contracts.
Daimler *, the parent company of Mercedes, announces its support for the development of a crypto-wallet based on DLT (Distributed Ledger Technology) from the Austrian start-up Riddle & Code, behind a technology called Secure Element 2.0.
Based on the Blockchain, it is located at the heart of an armored electronic box, the equivalent of an airplane black box, used to certify the identity of a vehicle.
This type of technology could make it possible to develop a wide range of functionalities secured by the Blockchain to prepare for the arrival of autonomous vehicles.
Crypto-wallets would also be capable of exchanging road traffic data in real time or of validating and authenticating data collected in accidents.
“Car wallets enable a wide variety of use cases ranging from carsharing to autonomous vehicles. Real-time exchange of secure traffic data between vehicles and smart city environments reduces congestion and premiums. insurance. Blockchain certified data can be used in the event of an accident ” indicated the start-up.
“Self-driving cars must function consistently in order to be trusted. Cars are already computer equipment. A secure identity ensures that the relevant authorities have approved the code executed inside the vehicles and the reliability of the data exchanged. “says Tom Fürstner, its founder and CTO.
Since the start of 2019, the German automobile groups Daimler AG and BMW have launched five joint ventures that develop mobility and autonomy services such as carpooling (Share Now), parking (Park Now) or charging ( Charge Now).
Daimler says more than 75 million people used one of its services during the first half of the year.
* Via its financial branch Daimler Mobility (formerly Financial Services)
Photo credit: @Riddle & Code