The Auto Industry Is Gearing Up for a Blockchain-Powered Future

We're all excited for self-driving, even autonomous, cars, and many tout blockchain as the technology needed to make that happen.

While that conversation is an exciting one today, CoinDesk's Consensus 2018 conference played host to an array of esoteric use cases for the mobility space that showcase how many executives in the automotive space are currently taking a more conservative approach to applying blockchain technology to the industry.

Henot believes the blockchain could eliminate this issue around mileage, "So nobody can tamper with it."

Another small step the automotive industry could take to harness the power of blockchain revolves around electric cars.

Spherity, a startup founded by a former technology innovation lead at the largest German utility company, Innogy, is also looking at applying blockchain to electric vehicle charging.

Still, even while some are starting small, many are fascinated by the future as imagined with blockchain.

Henot said the future of mobility is not only about making vehicles physically autonomous but also economically autonomous, whereby automobiles "Speak together, negotiate rights of way, parking and so on, using their wallets."

With this, the foundation hopes to see the full potential of blockchain bring about social change within the mobility industry.

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