Trials of Blockchain-Based Vehicle ID System to Begin in U.S. Next Month

 

 

 

 

A group of major automobile manufacturers are planning to begin field testing of a new blockchain-based vehicle ID system in the United States next month, Nikkei Asian Review reports. The system reportedly uses blockchain technology to enable drivers to pay highway tolls and parking costs automatically.

The system, as envisioned, assigns digital IDs to individual autos, linked to information such as ownership and service histories. This data covering the lifetime of the vehicle would be used to recognize cars on the road, allowing for fees to be paid automatically by the owner with no need for the specialized tags required in current electronic toll collection systems.

The initiative is being backed by five major manufacturers, including BMW, Ford Motor, General Motors, Honda Motor, and Renault. The group had partnered to create the new Vehicle ID system, and reportedly envision its eventual use for electric autos as well. According to Nikkei, the system could eventually record a driver’s highway tolls, maintenance, and purchased rest stop snacks, and allow for those costs to all be paid at one time during the vehicle’s next charging session.

 

Author: Ken Chase

Freelance writer whose interests include topics ranging from technology and finance to politics, fitness, and all things canine. Aspiring polymath, semi-professional skeptic, and passionate advocate for the judicious use of the Oxford comma.

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