The Blockchain, an essential solution for autonomous vehicles
Automotive technology has revolutionized civilization. It conditions the way we live and work. Commercial production gives rise to new industries and infrastructure, which in turn generate new jobs and new methods of dispersing goods.
A new transformation is taking place in the transport sector. Vehicles driven by humans will be abandoned in favor of autonomous cars, driven by software as well as sensors.
It is true that the concept of an autonomous vehicle is based on the optimization of safety, efficiency and respect for the environment. Many points have to be taken into account in the design, which augurs a bumpy and costly course at the same time.
The issue of payment for the autonomous vehicle service is quite complex. No driver is needed and no one perceives the service.
How can I get a quote for a car or a drone? How do you pay for a vehicle that takes you from one place to another alone? Things get complicated because the human is removed from the equation.
Even more difficult, imagine that delivery cars like trucks communicate with drones to get to their destination. The system would be completely self-sufficient, meaning that autonomous vehicles use other autonomous vehicles.
However, there is no infrastructure for such a system.
Amazon’s Prime Air UAVs, Domino’s pizza delivery robots and Waymo’s autonomous taxis are examples of empowerment, but there is currently no conjunction linking them. These companies use the same closed platform model. Emerging UAV and robotics companies use proprietary, closed and non-inclusive networks.
There are almost no incentives for cooperation. Large companies deigning to invest in autonomous vehicles are focusing more on dominating their own market. Technologies that promote communication between competitors are then minimized, which contributes to inefficiency.
The Blockchain can be the key to introducing a leading platform to the market
The problem of communication is solved by the technology of the large distributed register. Autonomous vehicles could recognize each other with the use of a common communication protocol, powered by the Blockchain.
Complex communications will be simplified by smart contracts, including digital contracts. Multi-party contracts will exist between buyers and sellers as well as other stakeholders in the sector, such as insurers. Otherwise, the vehicles would be incompatible.
The Blockchain offers new features that cannot be acquired anywhere else. Autonomous vehicles will be able to operate in any environment and according to individual needs. Although artificial intelligence has shown the way to empowerment, the decentralized, peer-to-peer global transport network will be the catalyst making it all work.