Bitcoin
BTC$68 144.21

-2.18%

Ethereum
ETH$2 432.74

-3.15%

Tether
USDT$0.999849

0.03%

Binance Coin
BNB$559.14

-2.72%

Solana
SOL$161.74

-3.59%

USD Coin
USDC$1.000206

0.03%

BMW, GM use blockchain to trade AD data privately


09 Apr 2019

#Bitcoin

GM and BMW are both looking to blockchain technology to solve the autonomous driving conundrum that has plagued car companies over the last few years. The problem with autonomous driving data is that it was all kept separate. Each and every single company had their own own data silos where they used their data exclusively.

Considering the fact that hundreds of billion miles of real-world driving need to take place for an AI to start learning properly, the challenge is getting enough data together while there are relatively fewer cars out there. That is BMW and GM are looking to create a system that will pool all the autonomous driving data they have gathered to try and reach this billion-mile figure as soon as possible.

The work being done under the auspices of the Mobility Open Blockchain Initiative is looking to unlock the silos that companies who are working on autonomous driving keep hidden away. General Motors will chair the next workgroup of MOBI. The workgroup will focus on the so-called autonomous vehicle data markets. GM has clearly been looking to get into the business of vehicle data for quite a while. They patented a system for a fleet of self-driving cars at the tail end of 2018.

Micheal Filipowski, the chairman of the working group had this to say:

“I am excited to chair the AVDM working group and kickoff the development of our collaborative efforts with the other OEM [original equipment manufacturers] and supplier MOBI members.”

Clearly, things are moving in a positive direction. BMW, who is a founding member of MOBI, is expressing interest in this new field. This would be the first time they are looking to blockchain to share data, though they do have experience using blockchain in other ways. They previously used distributed ledger technology to keep track of the milage used in leased vehicles.

BMW's Andre Luckow told CoinDesk that keeping autonomous driving data in silos is stifling the industry as a whole. He says it is a major barrier to widespread adoption and change needs to happen. He further goes on to state that with blockchain technology maturing in interesting ways over the last year, the time has finally come to pool data from various innovators.

The key aspect is that blockchain can give everyone access to the data in a private way effectively. He heralds the coming autonomous age as relying on a key number of emerging technologies, all underpinned by blockchain. He cites decentralized machine learning, secure multi-party confidential computing, and decentralized data markets as the basis of a future where autonomous driving is ubiquitous.

The data that companies like Waymo, who is affiliated with Google, or Uber hold is looked at by the respective companies as their crown jewels. Something that no one else should ever get for any reason. However, experts from the Renault-Nissan-Mitsubishi Alliance Innovation Lab say that this is not the case.

That thinking should stay in the past, and decentralized, secure and private data marketplaces were the future. Blockchain was a key driver for this. It would allow the transfer of data under clear guidelines for use.

Author: Ali Raza for Crypto-Rating.com

Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 40 $68 144.21 -2.18% 1.79% $1 347 686 332 613 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 88.4% 21 $2 432.74 -3.15% -1.50% $292 933 112 862 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $0.999849 0.03% 0.13% $120 558 503 347 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 90% 3 $559.14 -2.72% -4.18% $80 571 389 671 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 68% 65 $161.74 -3.59% -5.66% $76 152 698 387 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.4% 1 $1.000206 0.03% 0.05% $34 881 687 500 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 92% 6 $0.500590 -2.82% -2.60% $28 467 867 628 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 60.4% 78 $0.148946 -8.26% 7.81% $21 840 127 813 DOGE 7 days price change
9 TRON (TRX) TRX TRON predictions 90% 4 $0.164096 -2.02% -1.03% $14 186 736 232 TRX 7 days price change
10 Toncoin (TON) TON Toncoin predictions 91.2% 13 $4.76 -3.35% -3.00% $12 108 039 231 TON 7 days price change
11 Cardano (ADA) ADA Cardano predictions 89.2% 7 $0.338480 -6.20% 1.96% $11 845 120 349 ADA 7 days price change
12 Lido stETH (STETH) STETH Lido stETH predictions 92.4% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
13 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 96% 1 $0.116354 -0.46% 0.23% $10 171 995 609 WTRX 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 92.4% 1 $65 806.83 0.78% -2.68% $10 083 957 608 WBTC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 80.4% 29 $0.000017 -5.57% -0.81% $9 910 281 096 SHIB 7 days price change

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.