Ford is test driving blockchain to improve fuel efficiency.
On October 15, the auto-tycoon stated it would utilize blockchain to monitor and automatically facilitate fuel-efficient driving modes for a fleet of automobiles in Cologne, Germany. This is a part of a more extensive pilot initiative also occurring in London and Valencia, Spain.
In partnership with the City of Cologne, Ford outfitted 10 plug-in hybrid electric cars with cellular modems that empower geofencing. As the automobiles enter low-emission zones, they will automatically change to electric-drive.
The metadata, like when the car enters or leaves a zone along with the miles driven, will be recorded to a blockchain.
The pilot tends to the issues municipal officials face in administering and executing the low-emissions zone by transmitting information to authorities in real-time.
“Security, trust and transparency of emissions data are of paramount importance to all stakeholders in this project, and are key for our vision of cleaner air in the city,” said Ford-Werke GmbH chairman of the management board, Gunnar Herrmann.
The pilot initiative is part of SmartCity Cologne, a partnership program to advance climate protection and energy transition.
On October 14, it was reported that 5 major automakers including BMW, Honda, and Ford are working with the Mobility Open Blockchain Initiative (MOBI) to execute automatic payments for tolls, parking meters, and comparable vehicular payments.