Commerzbank has developed a blockchain automatic settlement system for unmanned vehicles
aeternity Universe One – Consulting & Business Uses of æternity #blockchain by Helmut Müller #aeUni
German banking concern Commerzbank has tested a blockchain-based payment solution that allows unmanned trucks to pay for charging without human intervention.
The system is designed to provide autonomous operation of next generation machines with a high level of automation. For the full functioning of the system, the bank tokenized the euro, and the trucks used these digital assets for settlements..
Commerzbank did not disclose details of exactly how transactions and payments are processed, but did report the successful completion of the trials. According to the representatives of the concern, the pilot project proved that in the future the process of paying by transport can take place independently of the person. This will increase their efficiency and allow similar solutions to be applied in other industries using communication systems between machines..
In addition to the bank’s research department, specialists took part in the development of the project. auto concern Daimler, which recently reported on the development of a crypto hardware wallet for next-generation cars.
text: Ivan Malichenko, photo: ebayimg