The “Internet of Cars” is upon us. Thanks to IoT-based technologies, the very same data that empowers smart cars is in turn going to fuel the production of massive amounts of driver personal data. The reality is that connectivity for drivers is going to come with a price tag. How much this trade off is worth has yet to be seen. Though one school of thought is that distributed ledger technology (DLT) can help ensure that all of this new data from our smart cars will be handled in a secure and private manner. The following article takes a deep dive into how DLT works in this context.
Billions of devices are currently connected to the Internet of Things (IoT), and researchers are predicting tremendous growth in the coming decade.
One of the most exciting, challenging and potentially lucrative areas of the IoT is the automotive sector. The car is a major component of most people’s daily lives, and a “smart” car could do a lot to save people time and money.
At the same time, the “Internet of Cars” carries with it dystopian visions of increased ad noise and security threats. It’s worth considering for a moment what these scenarios look like — good and bad — and how consumers can educate themselves to ensure that the cars of the future are driving in the right direction.