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Being a cryptocurrency supporter is something like a trend now. This has triggered politicians to become crypto-friendly to win the support of people. Did it help them to win elections?

Soon, owners of Electric Vehicles (EV) will have the chance to benefit from the first-ever blockchain car charging network.

Canada has recognized cryptocurrency handling companies such as exchanges and payment service providers, as legitimate ‘Money Services Businesses (MSB)’, as the money laundering and terrorism financing act (PCMLTFA) amendment started acting.

The automotive giant from Detroit, General Motors, has filed a patent for a blockchain-based platform that will be utilized by the company’s self-driving cars. The filing was submitted to the US Patent and Trademark Office on April, 2.

BMW Group, a popular luxury carmaker, will involve blockchain in its purchasing processes to guarantee the effective traceability of raw materials - from mines to smelters - and other important items. The new platform is expected to be launched at the end of 2020.

Ford Motor Company, an American multinational automaker, is planning to extend its plug-in hybrid electric vehicle (PHEV) test in different zones including Cologne, Italy and other parts of Europe. It will further explore how groundbreaking and advanced geofencing, distributed ledger tech (DLT) and blockchain could be of help in making accurate tracing and upturning the total amount of “green miles” compelled by automobiles.

Five giant automobile manufacturers including Renault, Ford Motor Company, BMW, Honda Motor and General Motors (GM) will start field tests by November this year in the United States for a vehicle identification system that is entirely based on blockchain and distributed ledger technology (DLT).

Former United States Democratic Congressman from Tennessee’s 9th congressional district Harold Ford Jr. has suggested that Washington should try to avoid half-measures as far as cryptocurrency legislation is concerned. A successful financial managing director believes that the government has been slow to react to the cryptocurrency and blockchain industry, and thinks that this might damage innovation in the future.

Volvo Cars, a Swedish luxury vehicles firm and a subordinate of the Chinese automotive firm Geely, has manufactured the first-ever cars using reprocessed cobalt delineated with the help of blockchain tech and has further entered an isolated initiative to oversee cobalt from different mineral-rich countries including the DR Congo (DRC), Uganda and others.