By bringing blockchain to the connected vehicle, CyberCar delivers a “membrane of trust” around the entire vehicle ecosystem, enabling a profound paradigm shift in connected car technology, facilitating new business models and lines of commerce.
Blockchain keeps an unchangeable ledger of data events and is made up of nodes, each with its own immutable record of the same data. This means that even if the data generated from the vehicle were to be altered in any way, the original data collected by CyberCar would remain unchanged and available for verification on a CyberCar blockchain node.
A blockchain is an immutable ledger. This means that once data is validated and recorded in the blockchain, it cannot be changed. The design of the blockchain assures that even the smallest attempt to change previously recorded blocks will be detected and revealed by the validation process and visible to all peers.
“CyberCar is revolutionizing the authentication of data coming off the vehicle gateways” says Pat Kennedy, founder and CEO of CyberCar. “Through the use and implementation of blockchain, our development team, leveraging more than 25 years of connected vehicle experience, has created secure, immutable data that’s easily viewed by multiple parties.”
Blockchain applications for vehicles range from cold transport, tracking regulated goods, autonomous vehicles, insurance, enhanced OEM services, and more.
CyberCar is a Colorado-based company that has brought blockchain to connected car security. CyberCar was founded by CEO Pat Kennedy in 2016 and is a spinoff from Cellport, a company founded in 1993 that secured 25 patents covering cellphone-to-vehicle connectivity, internet connected car, and vehicle security.