CryptoSunday vol. 27


With the birth of cryptocurrencies, the blockchain technology started to develop fastly.

It is not only a support for crypto but also a tool that can be used in many other industries.

The potential, in the beginning, was not recognized. Luckily, right now more companies improve their work by creating processes based on blockchain technology. Quickly, it became quite “trendy”. The biggest trap for a firm that tries to be modern is finding a way to implement blockchain no matter what. Not even truly considering if this solution is really needed in the company.

Now, the next company is trying to implement blockchain technology into its processes. How will it work? We shall see.

Volkswagen tries its hand

A few days ago, Volkswagen AG, a German car company, released news about testing blockchain systems, explaining that they see big potential for “maintenance, logistics, self-driving vehicles, and specialized solutions such as tamper-proof odometers.” Volkswagen Group has also informed its followers on Twitter about further work writing that they try to “bring blockchain systems to the road.”

Among different ways to use the technology, the company mentioned filling the tank and unlocking the car. Using Twitter’s hashtag, Volkswagen has mentioned three cryptocurrencies: Bitcoin, Ethereum and IOTA. The choice is pretty strange, as these three are very different from each other even comparing the time of conducted transaction and time needed to mine a block.

Leaders of the project

Two people who are the face of blockchain project in Volkswagen are Benjamin Sinram and Nicolai Bartkowiak. As Sinram admitted, they built up a network of 300 employees to exchange ideas on this topic.

“Our contacts among the different brands enable us to work very efficiently. The atmosphere is open, and we’re happy to include interested individuals from any department,” says Sinram.

The words of Bartkowiak may reveal in which direction the company is looking to use blockchain technology. “Blockchain technology also offers a lot of opportunities when it comes to self-driving vehicles. It can protect cars from hackers better than other technologies, and help with automatic payments at fueling stations or car washes.”

It is not the first time when the Volkswagen Group shows some interest in using blockchain technology. Last month, we informed that Volkswagen had filled new patent application for a system which will allow vehicles to communicate with one another through a network based on blockchain technology.


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