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At the VeChain Summit 2019 on April 18, 2019 in San Francisco, Cihan Albay, the IT leader at BMW Group Asia’s Tech Office in Singapore, presented the firm’s VerifyCar app, a “vehicle digital passport on the blockchain” which it developed in collaboration with VeChain, a blockchain startup focusing primarily on supply chain...
Though blockchain use is still in its infancy in the automotive industry, a handful of companies are pioneering its adoption, believing that the technology will radically transform the sector. According to a new study by IBM, 62% of automotive executives are convinced that blockchain will be a disruptive force in...
“The whole thing was going haywire, even the brakes failed. Very scary.” said a driver after an automotive security company hacked his vehicle in a controlled environment.   With more than 125 million cars set to be connected globally by 2022, and Gartner predicting that a fifth of all cars will have...
BitCar, a Singapore-based blockchain startup, has announced that AlphaBit, a fund launched last year, has purchased a "substantial number of BitCar tokens." BitCar is currently conducting a token sale to fund the development of its blockchain platform, which intends to facilitate the pegging of cryptocurrency to scarce hard assets such...
The creators of CarFix, a Russian car service startup, are working on a new blockchain project that's going after the US$1.8 trillion auto industry. The new venture, called VLBToken and based in Estonia, is developing the Vehicle Lifestyle Blockchain (VLB), a platform that promises to offer transparency into the data...