South Korea’s largest automaker, Hyundai Motor, will use blockchain in its new tech for using electric vehicles (EVs) with smartphones. Sustainable mobility-focused news agency Green Car Congress reported on the progress on April 22.
Hyundai reportedly declared the development of smartphone-EV pairing based performance adjustment technology that permits users to customize primary functions through a smartphone application.
In the claimed industry-first, Hyundai is going to reportedly implement blockchain technology to avoid security issues while users upload and share their custom settings on the server.
As such, the upcoming system is going to encrypt major performance parameters on a blockchain network by forming new data blocks in the process of uploading and sharing custom settings in order to avoid unauthorized manipulation of data.
According to the report, drivers could adjust seven performance features including the maximum torque output of the motor, acceleration and deceleration abilities, regenerative braking capacity, highest speed limit, responsiveness, and energy use on climate control.
Previously this year, Hyundai’s financial services subsidiary, Hyundai Commercial, partnered with US tech giant IBM to transform its business model with blockchain. The partnership is concentrated on deploying open source Hyperledger Fabric blockchain technology to form a new supply chain financing ecosystem for the Hyundai Commercial network.
IBM has been granted a patent for a new system to control data and interactions for self-driving vehicles.