Volkswagen Applies For Inter-Vehicular Blockchain Based Network Patent Volkswagen has applied for a patent letting vehicles to communicate with each other via blockchain-based network intended to increase road safety by warning of adjoining vehicles and warning the driver to would-be collisions. The system could possibly be used to exchange actions like merging lanes, overtaking, and a number of other high-risk activities on the road. The patent continues dealing with self-driven and physically driven cars with a purpose to either display information for a driver to see or simply inform self-driving cars on their next move. It lets drivers enter agreements with an objective to increase their road safety. Apart from financial and personal assistance, the company will be offered with help from mentors, trainers as well as the Volkswagen R & D team. The company designs numerous application programs on the basis of the decentralized car history registry. During 2014-2020 its performance has been maintained Operational Programme by the European Union Funds. Over here messages are exchanged between the vehicles after the messages have been swapped the indicator to the last of the messages is hired by each member and published on the blockchain. If the subsequent contract has to be changed, a further message is added and the procedure continues. Volkswagen and Blockchain Volkswagen is the up-to-date chief company to apply for a blockchain patent to improve their business, with Walmart patenting a system for retrieving medical records on a blockchain with other blockchain patents under Mastercard patenting nameless blockchain transactions and Samsung seeking blockchain patents to improve their logistics and operational efficiency. Ford Motors has conjointly proprietary a cryptocurrency-fuelled vehicle technology providing advantageous lane access whereas on the road among alternative functions, with cryptocurrency exchange being a feature of the system. According to CCN, 2018 will be a turning point in the history of blockchain technology as blockchain being a feature of the system the Volkswagen contract could handle similar negotiations if approved. Must Read recommended by The post Volkswagen Applies For Inter-Vehicular Blockchain Based Network Patent appeared first on OWLT Market.