Automotive

Four of the largest carmakers globally have amalgamated technology providers and startups to create the largest ever consortium focused on applying blockchain technology in the automotive zone.

Venezuela will pay the Russian Federation for providing automotive parts in its own digital currency, the Petro, according to the Venezuelan minister of foreign trade. Probably, the relations between two countries will not be limited to just auto parts trading.

The blockchain transport data initiative, which is backed by Jaguar Land Rover’s innovation arm InMotion Ventures, aims to revolutionise the way the mobility industry accesses vital information.

The Toyota Research Institute has announced it has partnered with MIT Media lab to explore Blockchain technology and the possibilities of using its advantages for self-driving cars.