latest Crypto World News

Search and discover the latest Cryptocurrency updated Stories in Categories.

24-7 Cryptocurrency News about Blockchain, Technology and much more, only from Top Leading Sources.

Daimler works with Riddle&Code to secure DLT hardware wallet

Daimler works with Riddle&Code to secure DLT hardware wallet
Austrian blockchain firm Riddle&Code has announced
details and context of its DLT hardware wallet that is powering a Daimler
Financial Services-led consortium to provide an open car wallet solution.

Alexander Koppel, CEO and co-founder, Riddle&Code,
said: “This is a prime example of a global market leader betting on European
industry collaboration and DLT-based innovation. A new generation of open
mobility services will create new business models, and Riddle&Code is
excited to be at the heart of it with our hardware-based car wallet. It shows
an ability to continue to offer disruptive value-added services creating new
marketplaces for mobility, energy, and finance.”

Car wallets allow a wide range of use cases from car-sharing to autonomous vehicles (below). The real-time exchange of secure traffic data between vehicles and smart city environments helps in reducing congestion and lowering insurance premiums. Moreover, the blockchain-certified data can also be used in cases of accidents.

In a 2018 interview with The Block , Koppel talked about his company’s vision and the concept of ‘machine identity’. He said: “IoT is already a growing sector with more and more devices being connected to the internet all the time. However, connected devices, their owners, the data they transmit and the servers which store collected data are open to the cyberattacks.

“All of these concerns can be addressed with blockchain technology that creates immutable and transparent records of transactions that occur between two nodes on the network and these records are simultaneously updated across the entire network for everyone to see,” he added.

In October, the automotive industry saw the sector’s first ever blockchain-powered ad campaign led by Toyota , along with blockchain advertising analytics company Lucidity, and international ad firm Saatchi & Saatchi. The main purpose of this collaboration was to introduce transparency into Toyota’s digital ad campaign buy, removing wasted spend.

Main picture credit: Riddle&Code

Interested in hearing more in person?  Find out more at the  Blockchain Expo World Series , Global, Europe and North America.

The post Daimler works with Riddle&Code to secure DLT hardware wallet appeared first on The Block . shares this Contents with License.

Thank you for Share!


Search Crypto News


The latest Top News, from up to 70 Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed simple and intuitive, usable by all Devices, fast and effective.


24h Most Popular News