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The Application of Blockchain Technology in Car Networking
Jun 25, 2018

The Application of Blockchain Technology in Car Networking


Blockchain and car networking is the trend of the industry nowadays. We are working hard to apply new technologies such as blockchain and big data to the car networking industry. We hope to build a new car networking ecosystem and excavate more commercial value.


With the help of a new generation of information and communication technologies, the company will be able to achieve a full range of network connectivity for in-vehicle, vehicle and vehicle, vehicle and road, vehicle and human, vehicle and service platforms. Big data is an important foundation for the application of car networking. It has been applied to all aspects of the car networking industry, forming a diversified business service ecosystem.


A small car box carries the functions of recording and transmitting the big data of the Internet of Vehicles. There are millions of boxes in the box market. However, when the blockchain technology is applied, the ecology of the entire vehicle networking system will change drastically.


With the increasing number of vehicles accessing the Internet, in recent years, the competition in the internet market has become fierce and slow, and the data on driving habits and behavior patterns collected in the car network has increased geometrically, and various kinds of car networking products are inevitable. The collective has encountered the problems of data trust, security, and sustainability. So, how to deal with this huge data effectively has become a problem that must be solved.


Blockchain technology is a decentralized distributed storage technology. Through the decentralized consensus mechanism, the security and privacy of the system will be effectively improved, and the exchange of data between the connected smart devices will be facilitated. "The blockchain technology in the smart car chain can really make the value of big data owned by the data owner and allow the data owner to gain profits."


Currently, blockchain technology can solve the problem of authenticity, security, and privacy of VTL big data. By setting up an industry platform, it can expand the dimensions of big data, thereby greatly broadening the scope of application of industrial data; at the same time, based on the characteristics of blockchain It can also change the status quo in which data owners are limited to liquidation.


The data owned by the owner’s individual or institution is encrypted with their own public key, and other individuals and institutions cannot infringe the ownership of the data. At the same time, during the data access process, smart contracts can be used to specify whether a particular data needs to be authorized by its owner before it can be accessed, and how much the data visitor should pay for its owner.





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