Five major automakers — BMW, General Motors, Ford, Renault and Honda — will start testing a blockchain car identification and payment system next month in the United States.
Automakers envision self-paying cars, digital IDs
Nikkei Asian Review reported on Oct. 14 that the partnership aims to test the vehicle ID system developed under the Mobility Open Blockchain Initiative. As part of the project, cars are assigned digital IDs linked to ownership, service history and a wallet allowing the vehicle to automatically pay fees without specialized hardware.
The alliance reportedly envisions the system being applied to connected electric vehicles so tolls, maintenance and rest stop purchases, for example, can be recorded and paid automatically when the car is plugged in to charge its battery.