Blockchain technology has proved itself to be a transformative force with the potential to disrupt all aspects of human endeavour. Many businesses are exploring use cases of this technology successfully. The latest installment in its adoption has been of the Hyundai Motor Group. South Korea’s biggest car manufacturer, Hyundai, is gearing up to implement blockchain technology in its electric car series. The company’s blockchain backed tool would work to pair up smartphones with electric vehicles as reported by the Green Car Congress news portal.
Blockchain will Power Hyundai’s Smartphone-EV Pairing Tool
The new technology would give users the accessibility to customize vehicle functions through their smartphone application. Claimed to be a one of its kind innovation, this technology would allow drivers to manually adjust features of their electric car like motor torque output, acceleration and deceleration control, maneuver the speed limit, vehicle response, braking capacity and optimum climate based energy control.
Users can also customize their settings online, try the personalized settings of other users or Hyundai’s own recommended settings suited to various roads and terrains.
Other Key Features of the Tool
Blockchain technology would also address critical security issues. The company aims to prevent security leaks and data fallout by encrypting performance information in a highly secure blockchain network and storing them in a data storage system to prevent unauthorized access.
The smartphone application would provide for custom settings designed for your desired location by data analysis of the distance left and the motor’s energy requirement. The vehicle could also be tailored for sportier driving needs.
Hyundai’s Recent Blockchain Forays
The Hyundai Motor Group is all set to launch 44 eco-friendly vehicles by the year 2025 which would include a total of 23 electric cars. The company recently collaborated with IBM, America’s multinational information tech company to use Hyperledger Fabric blockchain technology for transforming its supply chain financing system.
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