The Toyota Institute (TRI) presents a boldWright CoinsBlockchain strategy.
at the 2017 consensus meeting yesterday, the Toyota Institute unveiled a series of partnerships and published a vision that broadly outlines how blockchain technology can drive the future of the car industry giant. And the Toyota Institute has worked with the MIT Media Lab to study how blockchain can affect car data exchange and even how to support the next generation of autonomous vehicles.
The Toyota Institute's partners include the giant chain Database (BIGCHAINDB), Oaken Innovations, Commuterz, and Gem, each of which is collaborating with Toyota's North American subsidiaries to explore a different potential use case for this emerging technology.
Why this is important: While these startups have been working on the Internet of Things (IoT) applications, the Toyota Institute has become a potentially new and important supporter of the company because of its association with Toyota Motor.
Moreover, given the company's brand coverage, the Toyota Institute may be the right choice to form the industry alliance. And this has been done in the Internet of things and the insurance industry, and dozens of industry companies have pledged to invest further in this technology development.
price of the Wright coin The release also positioned the blockchain as a potential driving force for the larger-scale movement of autonomous vehicles-in theory, like a wallet on a blockchain, gas cars can have a variety of new features that can accept and execute complex instructions.
Neha Narula, director of digital money programs at MIT's Media Lab, said in a statement:
"We want other industry stakeholders to come in and give their share of the effort to bring safe and reliable autonomous vehicles into reality." "
strategy: As the Toyota Institute outlines, they have as much interest in the specificity of the strategy-the company says it believes the blockchain could have an impact in three areas-data sharing, carpool trading and user-based insurance. https://www.okcoin.cn
In addition, it provides details about its objectives, each area and the partnership that helps it refine the idea.
--Data sharing: As Ballinger puts it, blockchain can provide the basis for new ways to process data, which he sees as a critical issue for automation in the automotive industry.
Ballinger said: "Blockchain and distributed ledger technology can reduce the time to achieve this by consolidating data from owners, fleet managers and manufacturers, thus improving the safety, efficiency and convenience of autonomous driving technology." "
in this way, the Toyota Institute has positioned the technology as a technology that can connect the various onboard sensors used in today's cars, while allowing consumers to truly own ownership. And its partner giant chain database (BIGCHAINDB) is building a data exchange platform for driver data sharing as part of a partnership with the Toyota Institute.
-Carpool: It also envisages how to use blockchain to make cars more profitable. The Toyota Institute plans to use this technology to help vehicles provide more value to their owners by making use of seats, trunk space and other unused but potentially valuable resource currencies to trade.
"Blockchain can store data on vehicle usage and information about owners, drivers and passengers," the company said. "
in this regard, the Toyota Institute and Oaken Innovations (the company entered the final in the CoinDesk 2017 consensus start-up competition), as well as the Israeli company Commuterz cooperation, together for a day may be realized in the carpool to provide a point-to-point application.
--Usage-based insurance: last (but not the most important), the Toyota Institute is also envisioning how blockchain can help users save money on insurance rates, and work with the gem of the start-up company to conduct research in this specialized area.
"by allowing vehicle sensors to collect driving data and store it in the blockchain, owners can increase the transparency of their insurers, thereby reducing fraud and empowering them to obtain driving data to measure their safe driving habits, thereby helping owners reduce their insurance costs," the company wrote. "
This concept caters to the broader range of blockchain opportunities in the insurance industry.
Toyota Research and Development Division establishes Blockchain Alliance, dedicated to autonomous driving technology
