InsideBitcoins.com

General Motors Looking at Blockchain Technology for Autonomous Vehicle Data

Canaan and Northern Data Join Hands to Work on AI, Blockchain and Datacenters

General Motors (GM), a Detroit-based car manufacturer, might be getting into blockchain technology.

According to a dated but recently published filing from the group, GM would be utilizing blockchain to build a map for self-driving vehicles.

“A system for updating a distributed navigation map for a motor vehicle includes one or more sensors that evaluates and characterizes a surrounding around the motor vehicle and a discrepancy detector that identifies differences in the surrounding compared to a known navigation map based on information received from the one or more sensors. The differences are transmitted to a blockchain map network,” the filing describes the project as.

Blockchain technology could help streamline and decentralize the data gathering process, which is why GM is getting involved, it appears.

Interestingly, a study predicted that blockchain technology would alter the automotive industry by 2021. Another study conducted by IBM claimed that a good percentage of CEOs in the industry agree with this claim, InsideBitcoins has previously reported on.

Elsewhere in the automotive space, State Farm was once looking into the technology to streamline its insurance claims.

More and more industries around the world are looking into blockchain technology. Of course, supply chain and finance are the more obvious use cases, but database use is a popular choice as well. Even the United States Air Force is taking a look at utilizing blockchain for that.

Top brokers for buying and trading cryptocurrencies

  • Platform
  • Features
  • Rating
  • Visit Site
  • Excellent choice for U.S. customers
  • Paypal accepted
  • CySEC & FCA regulated
  • Buy 12+ cryptocurrencies
4.5/5

Visit Site
75% of retail investor accounts lose money when trading CFDs with this provider.
eToro Reviews

    eToro Reviews

    https://insidebitcoins.com/visit/etoro-newsCreate your account
    Hide eToro Reviews
    • Best broker for non-US countries
    • Established stock-exchange listed company
    • Trade crypto CFDs, forex and stocks
    • No withdrawal or deposit fees and low spreads
    4.5/5

    Visit Site
    80.5% of retail investor accounts lose money when trading CFDs with this provider.
    Plus500 Reviews

      Plus500 Reviews

      https://insidebitcoins.com/visit/plus500-newsCreate your account
      Hide Plus500 Reviews
      Remember, all trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
      Avatar

      Cryptocurrency and games writer. Looking to the future by studying how these two industries can blend.