Digital assets in vehicles

The increasing interest and popularity of blockchain and the digital assets this technology creates have highlighted its various impacts. Both innovations are gradually becoming the mainstay for many industries and, due to the steady growth and multiple security factors they encompass, many corporate sectors have grown receptive to their offerings. Companies such as Amazon and IBM oracle have introduced enterprise-grade blockchain systems that are scalable and secure. In the last few years, significant use-cases of blockchain and digital assets in many sectors have emerged, and the automotive industry is certainly not excluded.

In February 2022, Porsche became the first auto manufacturer to successfully use blockchain technology in its cars, with Oliver Döring, Porsche’s financial strategist, announcing: “We can use blockchain to transfer data more quickly and securely, giving our customers more peace of mind in the future, whether they are charging, parking or need to give a third par…