Honda and GM to Jointly Conduct Research Using Blockchain

Asia Blockchain Review
June 9, 2019

Auto giants Honda and General Motors (GM) have been conducting joint research on electric vehicle (EV) and smart grid interoperability using blockchain technology.

As reported by Cointelegraph, the two carmakers are investigating whether EVs can be used to stabilize the supply of energy in supply grids, with the aim of developing data retrieval methods between EVs and smart grids. This would in turn allow owners of EVs to earn fees from storing power in vehicle power cells and exchanging it with the grid.

Wider Implementation

Honda and GM are working within the Mobility Open Blockchain Initiative (MOBI), an international technology consortium which aims to streamline mobility services. The MOBI platform was founded in early May by more than 30 participants including IBM, Bosch, IOTA, and Hyperledger.

GM has been taking an increasingly active role in blockchain development, having previously filed a blockchain patent for a solution to manage data from autonomous vehicles. The aim was to provide secure and robust data distribution and interoperable exchange between automated vehicles and other entities, such as municipalities, regional authorities, and public facilities.

The application further emphasized that blockchain systems were “desirable” for both semi-autonomous and non-autonomous vehicles as well.

In February, the U.S. auto manufacturer also joined blockchain startup Spring Labs’ partner project to enhance data security.

Other Applications

Other leading carmakers embracing blockchain technology include Mercedes-Benz, which developed a platform facilitating the storage of documentation and contracts while increasing transparency and sustainability in complex supply chains.

The German auto brand, a division of Daimler AG, collaborated with U.S.-based software firm Icertis in the development of blockchain technology for use in supply chains.

Source: cointelegraph.com


About Asia Blockchain Review

Asia Blockchain Review is the largest initiative for media and community building in Asia for blockchain technology. It aims to connect all blockchain enthusiasts on a regional scale and facilitate the technological foundation of blockchain through a range of group discussions, technical workshops, conferences, and consulting programs.

Our goal is to cultivate and encourage a collaborative community for our members to gather, share their experiences and endeavors in the blockchain space, and brainstorm the potential uses of blockchain technology.

Follow Asia Blockchain Review on:

    Related Article
    Cyber Attacks In India Surge In Post Border Face Off
    The clashes between Indian and Chinese troops at Galwan valley that took the lives of soldiers from ...

    August 8, 2020

    Silver Technological Bullet For India’s Economy
    If India is to rise from the ashes, she would have to harness the capitalist spirit through being se...

    August 8, 2020

    Improving Food Traceability Using IoT & Blockchain
    In recent times, we have seen use cases of Blockchain & IoT being used together to solve the problem...

    August 8, 2020

    Agmo Studios: Homegrown Excellence And Blockchain Synergies
    Asia Blockchain Review recently caught up with Tan Aik Keong, the founder and CEO of Agmo Studio Sdn...

    August 7, 2020

    We provide information about Asia Blockchain Review latest activities as well as global blockchain news and research. Subscribe to our Newsletter now or Contact us