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Siemens Looks to Blockchain for a Solution to Carsharing

Sofia Cabrera

Summary: Siemens, German multinational conglomerate, is looking to branch out and adopt blockchain technology for carsharing with Siemens Mobility. Head of cybersecurity and blockchain, Andreas Kind, states that blockchain technology could provide a solution to facilitate user experience in regards to car rentals and fueling cards. A statement from Kinds follows, "It's not only inconvenient for ...

Siemens, German multinational conglomerate, is looking to branch out and adopt blockchain technology for carsharing with Siemens Mobility. Head of cybersecurity and blockchain, Andreas Kind, states that blockchain technology could provide a solution to facilitate user experience in regards to car rentals and fueling cards. A statement from Kinds follows, "It's not only inconvenient for the drivers, it's inconvenient for the companies because fueling cards get stolen [and] they get sold on the internet [...] That's an example where, in an industrial context, you need something, a technology, that brings together different participants that [don't] fully trust each other [...] That's exactly where blockchain can add value."

Author: Sofia Cabrera

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