Blocklet TVA (Trusted Vehicle Applications) is a new platform based on a proprietary blockchain for cars, which allows individual vehicles to participate directly on the blockchain with their own data.
The system is based on a mix of hardware and software that includes specific sensors for the detection of the environmental situation, car sensors, a system of connection via mobile network and, of course, blockchain technology, necessary to distribute the data between all cars.
In this way, it is possible to build a complex information system available to both individual operators and transport companies, which also allows the use of smart contracts.
Among the services applicable through Blocklet TVA, there would also be the possibility to build systems for leasing or renting cars customized and based on smart contracts, creating a completely new market for this industry.
In addition, Blocklet will be able to save the data of a car in a non-modifiable way thanks to the blockchain, providing an important and unalterable guarantee for the used car market: buyers can be sure of the km travelled, maintenance and repairs done.
The CEO of Filament, the parent company of Blocklet, said:
“The Internet of Things and blockchain are a powerful combination. We believe this is especially true in the rapidly changing automotive and transportation landscape. Blockchain technology gives connected machines including passenger vehicles, long-haul trucks, and construction equipment, a voice of immutable truth that goes well beyond data gathering. Blocklet TVA helps corporations with connected vehicles quickly understand and tap into the potential of transparent, edge-authenticated and distributed data which will enable the next generation of intelligent mobility“.