Filament launches automotive blockchain platform for connected vehicle apps

Filament, a provider of comprehensive enterprise blockchain solutions for the Internet of Things (IoT), today announced Blocklet for Trusted Vehicle Applications (TVA). Available as part of Filament’s Blocklet Kit for Trusted Vehicle Applications, Blocklet TVA is the industry’s first end-to-end automotive blockchain platform that allows vehicles to participate directly in blockchain and distributed ledger technologies (DLTs).

The hardware — which includes Filament’s Blocklet technology, as well as cellular connectivity, environmental sensing and access to vehicle diagnostics — makes it possible for automotive, freight and transportation companies to create new, large-scale connected-vehicle services and smart contract applications on top of a trusted blockchain foundation.

[perfectpullquote align=”full” bordertop=”false” cite=”Allison Clift-Jennings, CEO, Filament” link=”” color=”” class=”” size=””]“The Internet of Things and blockchain are a powerful combination. We believe this is especially true in the rapidly changing automotive and transportation landscape. Blockchain technology gives connected machines including passenger vehicles, long-haul trucks, and construction equipment, a voice of immutable truth that goes well beyond data gathering. Blocklet TVA helps corporations with connected vehicles quickly understand and tap into the potential of transparent, edge-authenticated and distributed data which will enable the next generation of intelligent mobility.”[/perfectpullquote]

To address the specific connectivity, identity, and security requirements of the automotive sector, Blocklet TVA combines the unique features of DLT-enabled connected vehicle applications with its end-to-end blockchain hardware, creating a turnkey product for vehicle integration. Blocklet’s software development kit (SDK) and hosted services are bundled in Filament’s Blocklet Kit.

Blocklet TVA includes:

Blocklet TVA is a secure and flexible platform that enables a wide range of new products, services and business models to be created at the intersection of vehicles and blockchains. As an example, Blocklet TVA can be used to create new dynamic leasing models where blockchain technology measures and validates vehicle usage to adjust lease rates accordingly.

Filament’s solution can also enable an immutable vehicle history with cryptographically verifiable service records that are maintained on a distributed ledger, used to determine an accurate value of pre-owned vehicles and support smart-contract based business logic. Original equipment manufacturers (OEMs) can use Blocklet TVA to build new supply chain services for vehicle components, ensuring their provenance, usage history, maintenance activity and use of genuine replacement parts.

Global Fortune 100 automotive manufacturers are currently using Filament’s Blocklet technology. Blocklet TVA is now available for real-world pilots and new product development.

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