|Automobile companies BMW and General Motors are now considering their future self-driving cars to be powered by blockchain technology / Photo by: Softeis via Wikimedia Commons|
Although big companies have varying opinions about what the self-driving car industry might look like in the years to come, BMW and General Motors are planning to speed up the introduction of their own contributions to the self-driving market, aiming to tap into blockchain technology “to share data from their self-driving cars.”
The announcement, which was reported by Inside Bitcoins, is part of the two companies’ goals to bring autonomous cars on the road “sooner rather than later,” as they argue that utilizing blockchain technology will help in the somewhat non-privatized methods they wanted to use.
Instead of keeping self-driving car information private, GM and BMW want to take the opposite road, opening up that information because they believed that privatization will only serve to hinder the advance of technology. Through data-sharing, the companies believe that they have a better shot at speeding things up “exponentially.”
Both autonomous vehicle data markets chair for GM, Michal Filipowski, and BMW’s blockchain lead, Andrew Luckow spoke to Coindesk about the initiative of the two companies. And from their excited declarations, one can feel the palpable excitement that they have tagged when blockchain technology takes off and helps usher along a future of automated cars.
Luckow said, “With the advent of blockchain, decentral[ized] data management can be implemented in a privacy-preserving and efficient way. Further, emerging technologies, such as decentral machine learning, secure multi-party confidential computing, and decentral data markets, will provide the fabric for data processing in the autonomous age.”
But what about accidents? Or more pedestrians that could get harmed during testings? This was what Rand Corp. (American nonprofit agency) stated was the main source of BMW and GM’s open data-sharing initiative, because the report said that it was only through sharing data that companies in the business of introducing self-driving cars could overcome the current challenges of the technology.