Future Vision: Blockchain Can Help With Autonomous Car Claims

One of the key issues with truly autonomous cars has to be the question of blame when an accident occurs. And it will, no matter how advanced the tech. So maybe blockchain can help insurers, brokers and claims specialists in tracking down the exact moment an error occurred; driver, third party, software or mechanical component. Here’s the word from Minima;

Decentralised blockchain protocol Minima has announced that it is 1 of 11 global start-ups that have been chosen to create innovative mobility solutions with industry leaders in Vehicle and mobile communication through MobilityXlab.

MobilityXlab works closely with world-leading industry mobility partners: CEVT, Ericsson, Polestar, Veoneer, Volvo Cars, Volvo Group & Zenseact.  Their representatives are involved in every part of the process, from screening new applicants to leading the collaboration programs. In addition, to  be invited into the program, a start-up needs to be selected by at least two of its industry partners, which reinforces knowledge sharing and increases the outcomes for Proof-Of-Concept (PoC) and validation projects.

Starting in August, Minima will partner with the leaders in mobility solutions to create Vehicle-2-Vehicle communication. During the program, Minima will demonstrate a decentralised network of globally connected devices / cars benefiting from the security of the Layer1 distributed across all participating nodes.  This will allow cars to be autonomous economic units, with guaranteed security of data.  The Peer-2-Peer network of connected node also allows chat and communication features for users for messaging and information.  With cars running nodes also paves the way for rewards, sharing and loyalty programs.

Since MobilityXlab was launched in 2017, 80 start-ups have been part of MobilityXlab with 12 commercial contracts or partnerships reached after its 6-month program.

Katarina BrudDirector at MobilityXlab said; “To keep up with the rapid pace of innovation and technology development, companies can’t rely on doing it on their own anymore. Our role is to foster access to a productive collaboration network for all parts involved.”

The car industry is changing from people owning their own vehicles to a renting economy – so with that comes a need for the car industry to generate value from cars such as ride sharing, car rental and charging. MInima’s technology will be able to fulfill the growing need for immutable and censorship resistant transfer of mission critical data alongside rapid and cheap Vehicle-2-Vehicle communication.

Hugo Feiler, CEO at Minima said; “ We’re thrilled to be part of the MobilityXlab program and can’t wait to demonstrate the benefits of a truly decentralised network for mobility more broadly, and vehicle-to-vehicle communication in particular.

“When each car is a fully sovereign, functional node on the network, communication between them becomes more secure and resilient which we believe to be crucial for any future that involves autonomous vehicles.”

About alastair walker 9044 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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