Bermaz bags Xpeng distributorship in Malaysia - premium EV brand likely to kick off local range with G6
Home News Auto News Porsche Brings The Blockchain To Their Cars Porsche Brings The Blockchain To Their Cars Auto News Aswan | February 27, 2018 04:05 pm We're still not quite sure what all of this is for, but Porsche has announced that they will be implementing blockchain applications for their products in their vehicles, working with Berlin-based start-up XAIN. Some of you may know the term "blockchain" from cryptocurrency, as part of the now infamous Bitcoin and many others, but Porsche feels that there are many automotive applications that the system would be effective for. The blockchain itself is simply a protocol for data transaction that's decentralized, in the sense that it does need to go through a central system to be verified. By being more peer to peer than requiring a system, it speeds up the process by a great deal - for example, unlocking a car door via an app takes just 1.6 seconds, which is 6 times faster than before. The other benefit of a blockchain is that it documents every action and process, and can be encrypted quickly and efficiently. In terms of applications, there are plenty that can be implemented for the car of the future - although Porsche and XAIN are setting their sights on the autonomous vehicle. The idea is to speed up car to user and car to car communication, which makes processing and decision making a lot quicker and results in a smoother, more streamlined autonomous vehicle. It would also speed up payment authentication at a charging station, improving the electromobility experience.But there is an important consideration to keep in mind. Blockchains are tamper proof as a result of their transparency in operation, but as they grow longer with each transaction the speed of processing begins to drop. Even with energy efficient mining processes for the transactions themselves, it may be something Porsche has to consider in the long run. With more and more functionality comes more events and contracts being tacked on to the blockchain, and in turn the time to process will increase. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Blockchain porsche Print Related News Penangites, You Can Now Buy And Service Your Porsche In Penang Auto News Hans | March 16, 2017 In the past, if you live somewhere in the Northern region of Peninsular Malaysia and wanted a Porsche, there are only two options – you can either ... Video: The Joys Of Working In Porsche Live Life Drive Kon | April 05, 2017 Many car enthusiasts dream of working for a car maker, and we reckon the chance to work at Porsche tops many of our wish list. Certainly, none of us ... Porsche Patents Active Rear Diffuser Auto News Eric | May 04, 2017 Porsche could be introducing an active rear diffuser to accompany its dynamic rear wing on selected models, as the company has just filed for a ... Class Notes: Porsche Media Driving Academy 2017 – Professional Course Insights Kon | August 09, 2017 Practice makes perfect, and where driving is concerned, there can never be enough especially when it comes to honing the finer elements of car ... Comments
Porsche Brings The Blockchain To Their Cars Auto News Aswan | February 27, 2018 04:05 pm We're still not quite sure what all of this is for, but Porsche has announced that they will be implementing blockchain applications for their products in their vehicles, working with Berlin-based start-up XAIN. Some of you may know the term "blockchain" from cryptocurrency, as part of the now infamous Bitcoin and many others, but Porsche feels that there are many automotive applications that the system would be effective for. The blockchain itself is simply a protocol for data transaction that's decentralized, in the sense that it does need to go through a central system to be verified. By being more peer to peer than requiring a system, it speeds up the process by a great deal - for example, unlocking a car door via an app takes just 1.6 seconds, which is 6 times faster than before. The other benefit of a blockchain is that it documents every action and process, and can be encrypted quickly and efficiently. In terms of applications, there are plenty that can be implemented for the car of the future - although Porsche and XAIN are setting their sights on the autonomous vehicle. The idea is to speed up car to user and car to car communication, which makes processing and decision making a lot quicker and results in a smoother, more streamlined autonomous vehicle. It would also speed up payment authentication at a charging station, improving the electromobility experience.But there is an important consideration to keep in mind. Blockchains are tamper proof as a result of their transparency in operation, but as they grow longer with each transaction the speed of processing begins to drop. Even with energy efficient mining processes for the transactions themselves, it may be something Porsche has to consider in the long run. With more and more functionality comes more events and contracts being tacked on to the blockchain, and in turn the time to process will increase. ✕ Let's Connect on Whatsapp We protect your personal information in compliance with the PDPA I agree with Carlist.my Terms of Use and Privacy Policy. I agree to receive personalised communication from Carlist.my and its car sellers, business affiliates and partners. Check out the best car deals in town! Prev Next Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price. Related Tags Blockchain porsche
Special offer - call now! days hours Avg. mkt. Why no price is listed? Sometime dealer wants you to contact for the best price. I Why no price is listed? Sometime dealer wants you to contact for the best price.
Penangites, You Can Now Buy And Service Your Porsche In Penang Auto News Hans | March 16, 2017 In the past, if you live somewhere in the Northern region of Peninsular Malaysia and wanted a Porsche, there are only two options – you can either ...
Video: The Joys Of Working In Porsche Live Life Drive Kon | April 05, 2017 Many car enthusiasts dream of working for a car maker, and we reckon the chance to work at Porsche tops many of our wish list. Certainly, none of us ...
Porsche Patents Active Rear Diffuser Auto News Eric | May 04, 2017 Porsche could be introducing an active rear diffuser to accompany its dynamic rear wing on selected models, as the company has just filed for a ...
Class Notes: Porsche Media Driving Academy 2017 – Professional Course Insights Kon | August 09, 2017 Practice makes perfect, and where driving is concerned, there can never be enough especially when it comes to honing the finer elements of car ...