NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin Reaches Forecasted All-Time High: Prophecy Predicts Bear Market Low In 364 Days

Porsche Becomes First Auto Manufacturer to Utilize Blockchain Technology in Cars

newsbtc
newsbtc
6 years ago
2 mins read
porsche

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Luxury car manufacturer Porsche, in collaboration with Berlin-based start-up XAIN, is testing the application of blockchain technology directly in vehicles, making it the first automobile manufacturer to do so.

According to a press release the company issued last week, the applications tested include locking and unlocking the vehicle via an app, temporary access authorizations, and encrypted data logging. Porsche hopes these applications can be developed further, to improve autonomous driving functions, for example.

Porsche

Porsche’s blockchain technology, which runs on the Ethereum blockchain, makes a direct offline connection possible without the use of a server, the company explained. The process of opening and closing the car via an app is up to six times faster than before, taking just 1.6 seconds. In addition, cryptographic encryption ensures that all activities are chronologically recorded in the blockchain in a safe, tamper-proof way.

In the words of Oliver Döring, Porsche’s financial strategist, “We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third party, such as a parcel delivery agent, temporary access to the vehicle. We translate the innovative technology into direct benefits for the customer.”

Further, the technology makes it possible to assign temporary access authorizations for the vehicle, as connection to vehicle data and functionalities can be established using blockchain. At the same time, it protects all communication between participants, and third-party providers can be integrated using smart contracts — without the need for additional hardware.

“With this modern technology, we are also fostering our electromobility offensive: ranging from a faster, easier and safer authentication at the charging station to the payment process,” said Uwe Michael, Porsche’s Vice President of Electronic Systems.

Porsche is also working on new business models based on blockchain: Through auditable data logging, processed data is encrypted locally in a distributed blockchain. The user is in control of the data, deciding how to use it depending on the situation; All activities are documented in the blockchain, making deletions transparent.

With this as a basis, the future of autonomous driving will see improved functions on offer. For example, local data can be used to obtain regional learning effects, which can be shared securely with other vehicles. The customer can also make use of swarm data, which is protected at the same time.

XAIN

XAIN won the first “Porsche Innovation Contest” on blockchain in the summer of 2017, beating over 100 other applicants in the process. Following the contest, interdisciplinary teams from across Porsche worked in collaboration with XAIN over the course of three months to develop and test applications.

XAIN offers various blockchain and artificial intelligence solutions, with a particular focus on intelligent industrial applications. Together with researchers from the University of Oxford and Imperial College London, the company has developed a blockchain system which significantly reduces the energy consumption of mining.

Tweet123Share346ShareSend
newsbtc
newsbtc

newsbtc

Comments 1

  1. Coinlet says:
    8 years ago

    They’ll have to convince the average Porsche buyer what value add this will bring. The mass doesn’t understand blockchain. All they hear is Bitcoin.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Comments 1

  1. Coinlet says:
    8 years ago

    They’ll have to convince the average Porsche buyer what value add this will bring. The mass doesn’t understand blockchain. All they hear is Bitcoin.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

XRP

Analyst Reveals Why XRP Has Not Followed Bitcoin’s Trajectory In 7 Years, And Why Everything Is About To Change

XRP’s price history and trajectory have always caused debates among cryptocurrency enthusiasts, especially when compared to Bitcoin’s growth. Bitcoin has...

Scott Matherson 1 day ago
nové bitcoin ATH október 2025

Cena Bitcoinu mieri na 150 000 $. Stihne to ešte do konca roka?

Len pred niekoľkými hodinami dosiahla najväčšia kryptomena nové historické maximum na úrovni 126 198,07 $, čo ešte viac posilnilo býčie nálady...

Nina Šefčíková 1 day ago
Ethereum

Ethereum Faces TD Sell Signal At Key Resistance—$4,100 Next?

An analyst has pointed out how Ethereum has seen a sell signal on the Tom Demark (TD) Sequential alongside the...

Keshav Verma 1 day ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

ethereum koers, ethereum verwachting, eth koers, ethereum verwachting, altcoin

Blackrock koopt $44M ETH – altseason 2025 kan niet langer gemanipuleerd worden

Lars Diederiksen 9 hours ago
Ethereum Price Rally Stalls

Ethereum Price Rally Stalls – Is A Deeper Correction Now On The Horizon?

Aayush Jindal 16 hours ago
Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows

Grayscale Stakes 32,000 Ethereum Worth $150 Million – Institutional Demand Grows

Sebastian Villafuerte 23 hours ago

Premium Sponsors

Press Releases

  • Следващата криптовалута, която може да избухне: Snorter може да превърне 500 USD в 250 000 USD, докато CIO-то на Bitwise подкрепя Solana

    Следващата криптовалута, която...

    53 minutes ago
  • Защо Snorter привлича толкова голям интерес?

    Următoarea criptomonedă care ar putea exploda: Snorter ar...

    1 hour ago
  • Ďalšia kryptomena, ktorá môže vystreliť: DeepSnitch AI môže zmeniť 500 USD na 250 000 USD, zatiaľ čo Token 6900 a Solaxy posilňujú svoju pozíciu

    Ďalšia kryptomena, ktorá môže vystreliť: DeepSnitch...

    2 hours ago
  • A következő kriptovaluta, ami berobbanhat: a DeepSnitch AI 200 000 Ft-ot 100 000 000 Ft-ra változtathat, miközben a Token 6900 és a Solaxy erősítik pozíciójukat

    A következő kriptovaluta, ami berobbanhat: a DeepSnitch...

    2 hours ago
  • Następna kryptowaluta, która może wystrzelić: DeepSnitch AI może zamienić 2 000 zł w 1 000 000 zł, a Token 6900 i Solaxy umacniają swoją pozycję na rynku

    Następna kryptowaluta, która może wystrzelić...

    2 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.