Category Archives: autonomous cars

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Back to the Blockchain Future with Autonomous Cars Level 5

Blockchain has the ability to guide autonomous cars from level 2 through to 5 (proposed stages of autonomy), while simultaneously providing solutions to future issues. Blockchain can help improve on existing systems, like route optimization as well as creating a foundation for trading services around these systems. A decentralized solution achieves this, guaranteeing higher user safety and data security, against growing hacking threats.

Route optimization and other blockchain benefits

GPS tools currently are able to find the quickest route based on historical data and minimal live data from accidents or congestion. With the use of blockchain’s timestamp function, real-time data could dynamically update routes to prevent congestion or provide useful data to consumers via an application. This could lead to better response times of emergency services and increased reliability of public transport.

With cars being fully autonomous at level 5, combined with a cryptocurrency trading platform, this paves the way for priority optimization of the roads. Drivers could be subsidized by other drivers for taking longer to get to their destinations. The application for your taxi or car could have a parameter on time for varying degrees of urgency. For slower drivers clearing the road, they would be paid in crypto, reducing their journey cost.

Autonomous car owners could earn crypto while their cars are not in use. Many of us commute to work in our car, which otherwise just sits in the car park. Leasing a car would be initiated via a smart contract. Toll payments, parking reservations and road priority could all be settled via a smart contract and crypto payment during your journey. GPS optimization would then ensure that the vehicle would be available to collect the owner or notify them of any delays.

Problems surrounding current systems

With current systems working on a centralized model, there will be limitations on how the solution can scale as the number of vehicles grows. Systems need to be able to support the high levels of network traffic in order to prevent unresponsive servers. Centralized technology can suffer from suspension of service as a result of denial-of-service (DOS) attacks.

Large amounts of personal data on individuals will be stored and analyzed for these systems to operate effectively. Centralized data servers have the potential to be compromised, with data being tampered with or sold to third parties. Hackers infiltrating a server would be able to control cars and traffic systems. With road safety being dependant on data and system security, a more robust infrastructure needs to be in place.

Blockchain’s security bonus

The progression to autonomous cars introduces the issues of data security, data infrastructure and system manipulation.

Blockchain runs on a decentralized architecture with large amounts of nodes to participate in the database. This almost eliminates failure, as every node would have to cease operating to bring the network down. Encryptions in blockchain allow data to be accessible by the owners or people with granted permissions, providing enhanced security.

A common hacking method is by remotely install software and disrupting data. In the autonomous car industry, this could lead to hijacking control of core functionalities of a car such as braking, steering, acceleration and any other systems. The use of cryptography and private keys could prevent this. Software updates could be signed by exclusive private keys which are only available to the owner and manufacturer.

Although blockchain may not have all the solutions for the automotive industry, it has the potential to assist progression to level 5 and layout foundations for a solid and secure data infrastructure. From this, a variety of applications and services could be developed which would change how we view and travel in the future.

 

New Ford Innovation Proposes Blockchain Technology

 

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Blockchain Driving the Future of Autonomous Cars

Autonomous cars are no longer a thing of science fiction and will be arriving sooner than you think as they approach “level 2″ technology. The technology is in its infancy and has many future problems to overcome. Cars will boast deep learning supercomputers, in the form of Nvidia’s flagship architecture Volta. This hardware platform is the perfect foundation for a decentralized travel service. Blockchain’s security and peer-to-peer structure will provide a safe and secure system for self-driving cars to advance to their level 5 autonomous stage.

How will blockchain speed up the transition to level 5 autonomous cars?

Blockchains timestamp feature combined with GPS and statistics from the cars onboard computer will be encoded into the ledger for later analysis. Manufacturers, consumers and application developers will be able to use this data to increase road safety as well as provide updated or new services. The more data manufacturers can collect on traffic patterns and risk assessment, the faster the technology will advance. A decentralized solution offers easier accessibility to trusted data that can be publicly accessible to all autonomous AI developers.

Blockchain will help automate and reshape user services

Oaken has been working on a system for short-term leasing of vehicles. This could drastically change use and ownership of cars. Smart contracts encoded with journey distance and time taken statistics will be used to calculate fees. The cost of travel would then be exchanged in crypto rather than fiat. With customers no longer necessarily requiring standard 12-month insurance plans, we could see usage-based plans emerging. Augmented reality (AR) systems built on blockchain displaying information to the driver will alert them of potential hazards or relay diagnostics, directions and points of interest. Smart contracts will remove the need for interactions to purchase fuel or pay for maintenance, with the receipt of sale cryptographically encoded, saving time and money on transaction fees.

Knock on effects to society

With autonomous cars on the horizon, this will affect society financially and environmentally, while providing a better standard of living and improve infrastructure. Leasing vehicles will cost less, making cars more available to lower earners and provide increased transport in rural areas. Car sharing will reduce pollution, use of raw resources and ease congestion and parking limitations. Your car could earn its own crypto for fuel when stationary. Making use of the Nvidia GPUs to contribute power to mining pools would also increase transaction times on the network.

Car crime will become a thing of the past. Vehicles will opened via a privacy key which associated with owner details in smart contracts. GPS tracking time-stamped into the blockchain with other statistics will make speeding and evading car crime difficult. Driving penalties will be instantly charged to your wallet.

Current development

Toyota Research Institute has already instigated startups to explore future application layers of blockchain technology. Enthusiasts are already racing to develop these systems for a not-so-distant future. Hopefull,y blockchain will be able to provide the infrastructure in the coming years to develop a safe, secure and economical solution.

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