Blockchain Xdev To Use NFTs To Create Passports For Connected Vehicles
It has been announced that Blockchain Xdev is developing technology that allows NFTs to be used as passports for connected vehicles, representing the vehicle and all data throughout its lifecycle.
Giant car manufacturer alliance: Renault-Nissan-Mitsubishi, which includes car manufacturers that sell more than 1 in 9 vehicles worldwide has previously stated it wants to have 25 million connected vehicles created by 2026.
These vehicles are expected to be connected to their ‘Alliance Cloud’, representing what they state as ‘best-in-class digital experience for customers’.
Blockchain technology is thought to be a key component for connected vehicles as it will allow for the decentralized sharing of data in a trustless environment without intermediaries.
It will also allow the data to be publically verifiable, transparent and immutable. Smart contracts could also be used to allow for vehicle interactions.
Now, Blockchain XDev in collaboration with a new consortium are developing an NFT-based solution for…
