Will EU blockchain investment and incoming EV battery passports … – Tech.eu
Right now, two key priorities preoccupy the minds of automakers developing vehicles to take us from now into the future. Safety always comes first. But the second is the transition to all-electric vehicles and carbon reduction in line with EU regulations. And the secret weapon for greater vehicle sustainability just might involve blockchain technology.
It’s not the industry’s first rodeos when it comes to blockchain.
Over the last decade, almost every major automaker has struggled with problems like mileage fraud prevention, usage-based insurance and identity verification.
They are also anticipating what future autonomous mobility will mean, so they’ve looked to resolve vehicle identity verification to facilitate car-to-car transactions. This has led to a decade of experimentation with blockchain proof-of-concepts or pilots.
But while there’s been promise, none of these has ever made it to market.
Why has this failed to live up to its promise? What are the lessons learned from past…
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source: https://news.oneseocompany.com/2023/03/05/will-eu-blockchain-investment-and-incoming-ev-battery-passports-techeu_2023030541469.html
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