EY, part of the Earnest and Young accounting giant, announced the launch of a new product called Tesseract, a mobility platform underpinned by blockchain technology. The company says that cars and journeys are logged on the blockchain, with transactions automatically settled through a “usage-based payment system.”
Blockchain technology can make the future of the automotive and transportation industry integrated, on-demand, personalized and autonomous. Another big player, VLB Tokens (vlb.io), blockchain arm of CarFix, breaks down barriers to entry for all stakeholders, providing the means for safe data exchange and facilitate a truly integrated ecosystem.
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