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Porsche is supporting the blockchain platform for vehicle management with a financing round of $ 6 million

Porsche contributed to the German startup Gapless in a round of financing of EUR 5.5 million (USD 5.9 million). the developer of a blockchain-based vehicle management system.

Among other things, Gapless had the FinLab EOS VC Fund, a joint venture between Block.one and FinLab, and the insurance company Kersten Jodexnis, Tech.eu reported on April 29.

Gapless will allocate the money collected Further development of the key product, an application that allows users to record a complete vehicle historyas well as increasing your user base. According to Gapless, the company currently manages more than 50,000 vehicles on its platform in Germany, the United States and the United Kingdom.

Invest in future technologies

Porsche is supporting the blockchain platform for vehicle management with a financing round of $ 6 million
Porsche is supporting the blockchain platform for vehicle management with a financing round of $ 6 million

Porsche told Cointelegraph that it was “Constantly researching and investing in future technologies and checking on a case-by-case basis whether Porsche can implement such products or services to improve the customer experience.” The company further stated:

“We evaluate and test different blockchain-based solutions. Blockchain can be a potential benefit for any trust-based interaction that requires a decentralized approach.”

Vehicle data is migrated to the blockchain

Tech companies and vehicle manufacturers have developed blockchain-based solutions to track the life cycle of cars and improve the driving experience.

Indian blockchain company Smart Sight Innovation recently developed a blockchain application to improve maintenance and inspection of various vehicles. The SSI application creates a summary of various problems, e.g. B. repair work and meeting inspection criteria that a vehicle is faced with, and allows users to share information with each other.

In early April, General Motors filed a patent application for a navigation map system that is constantly being updated. The system would use blockchain to integrate data from vehicle sensors and create a reliable map for autonomous vehicles.

Another leading automaker, the BMW Group, announced plans to expand its blockchain supply chain solution to 10 suppliers this year.

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