The Swabian car manufacturer Porsche has tried Blockchain-based parking in a “proof of concept”.

The Porsche management sees the Blockchain as “the key technology of tomorrow”. In the car she could help with everyday things. The possibilities of locking and unlocking the vehicle via temporary access authorizations granted by the owner were sufficient, as well as the improvement of autonomous driving functions.

Parking tickets and tolls per Blockchain

Also payment transactions can be handled safely with blockchain technology: parking tickets, tolls or the electricity bill after charging an electric car. In terms of parking fees, Porsche is now jointly offering the Dutch specialist Quantoz a prototype. The network for this is based on blockchain technology.

Porsche assumes the role of the gateway. This means that the car manufacturer opens up for service providers who offer their services via the Porsche platform, in this case the uncomplicated billing of parking fees.

This is how it works: The Porsche customer drives his…

Click to continue reading on its source location…

Source: https://thebitcoinnews.com/you-owe-me-proof-of-concept-porsche-allows-parking-by-blockchain/