Siemens Is Exploring Use of Blockchain for Car-Sharing

Self-proclaimed electrification, automation, and digitalization global giant – Siemens have shown an interest in adopting blockchain-based options. Specifically, Siemens is exploring using blockchain within the transportation industry, as per a report by Forbes on July 15.

In keeping with Siemens Corporate Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is seeking to incorporate blockchain tech into carsharing through Siemens Mobility — certainly one of Siemens’ subsidiaries.

In accordance with the Enterprise CarShare website, carsharing reportedly refers to utilizing or renting a car for a brief time period. As a popular instance, the report cites the rental service Zipcar.

One challenge with this technique, says Kind, is with the related fueling cards, which permit the car renters to refill on gas. Nevertheless, utilizing the card is topic to quite a few restrictions on the customer end, e.g., they’ll solely use the card at particular stations, and they’re sometimes stolen. The type mentioned he believes that this kind of technology might be improved through a blockchain answer.

Siemens can also be contemplating different areas inside the transportation sector for blockchain solutions. Siemens’ Company Technology reportedly introduced on a potential blockchain answer for “blockchain-based mostly good parking” at Bosch’s 2019 Connected World conference.

In line with the report, Siemens can also be contemplating blockchain use instances to provide chains and manufacturing. Siemens can also be leaning towards utilizing a permissioned blockchain. Nonetheless, the agency remains to be within the testing and discovery phase and continues to be reportedly exploring the viability of different use cases.