Siemens is evaluating blockchain tech for carsharing
Blockchain

Siemens is evaluating blockchain tech for carsharing

By Emanuele Pagliari - 16 Jul 2019

Chevron down

Global giant Siemens, a leader in automation, electrification and digitisation, recently showed its interest in blockchain technology for a carsharing project.

In detail, the company would be considering the use of the blockchain in the transport industry, as reported in a report by Forbes on July 15th.

According to Andreas Kind, head of cybersecurity and blockchain at Siemens Corporate Technology, the company is looking to incorporate blockchain technology into its carsharing project through Siemens Mobility, one of Siemens’ subsidiaries.

Siemens: blockchain for carsharing

As reported on the CarShare Enterprise website, carsharing refers to the sharing, use and rental of a car for a short period of time by several customers. One of the most popular services reported is definitely Zipcar.

However, this system has a number of problems, one of which concerns the owner’s fuel cards. As reported by Kind, the use of the card is subject to a number of restrictions by the customer. For example, it is possible to use the card at only one petrol station or often they are stolen. This problem could be partly solved by the blockchain.

“It’s not only inconvenient for the drivers, it’s inconvenient for the companies because fueling cards get stolen [and] they get sold on the internet […] That’s an example where, in an industrial context, you need something, a technology, that brings together different participants that [don’t] fully trust each other […] That’s exactly where blockchain can add value.”

Siemens is also considering other areas of the transport sector where the use of the blockchain could be applied. The Siemens subsidiary presented a possible blockchain-based solution for smart parking at Bosch ConnectedWorld 2019 conference.

The company would also be considering other blockchain-based use cases within the supply chain, both in product delivery and production. Siemens would also like to use a permissioned blockchain, although it is still assessing the feasibility of the various use cases.

Emanuele Pagliari
Emanuele Pagliari

Telecommunications engineer with a strong passion for technology. His adventure in the world of blogging started on GizChina.it in 2014 and then continued on LFFL.org and GizBlog.it. Emanuele is in the world of cryptocurrency as a miner since 2013 and today he follows the technical aspects related to blockchain, cryptography and dApp, also for applications in the Internet of Things.

We use cookies to make sure you can have the best experience on our site. If you continue to use this site we will assume that you are happy with it.