fbpx
The Daily Chain
No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List
No Result
View All Result
The Daily Chain
No Result
View All Result
Home All News Assets

Constellation Network and Schaeffler Tackle Data Exchange for Connected Cars in the MOBI Consortium

Carlos Park by Carlos Park
21st July 2020
3 min read
0
Constellation Network and Schaeffler Tackle Data Exchange for Connected Cars in the MOBI Consortium
0
SHARES
0
VIEWS
FacebookTwitterLinkedinTelegramEmailWhatsapp

The cars we drive continue to become more complicated machines. Aside from the standard sensors used for tire pressure and oil levels, self-driving vehicles require more complicated versions, including cameras and radar sensors. This creates an extraordinary amount of data that needs to be collected and processed. Constellation Network and Schaeffler Automotive have partnered to develop a standard for a new data network that will handle the petabytes of data these vehicles will produce.

So Many Use Cases

In the research paper “Why Automotive Data Exchanged Fail in a B2B Environment,” Schaeffler details the automotive data market’s issues. The current infrastructure for a healthy data economy is non-existent. While vehicles are creating massive amounts of data through sensors cataloging, speed, and driving habits, there is no way to aggregate and analyze it on a large scale. The ability to store and share this data between automakers and other businesses would create a healthy data economy. Using this data, intelligently could alleviate multiple issues, including traffic congestion, ride-sharing, and road maintenance.

To fix this issue, Constellation is working with the Mobility Open Blockchain Initiative (MOBI) to engineer a solution to this data problem. Constellation and MOBI share the goal of making transportation greener and more affordable using the blockchain. 

From the Schaeffler research paper: “The goal is to propose a working DLT architecture that enables a prospering data exchange in the mobility sector between stakeholders of both private enterprises and public agencies.”

Traffic on the Blockchain

Constellation’s blockchain technology allows compatible tech industries to connect to this data to analyze and act upon. The team has demoed an MVP tracking vehicle location in real-time. They go into detail about collecting data about other Internet of Things (IoT) in the future.

This data is recorded to the DAG blockchain, providing easily searched and transparent data. 

Data Monetization

Once vehicles are connected to the DAG blockchain, their data is increasingly valuable. Constellation and Schaeffer’s proposal is to implement a “pay-per-use” commercial model where businesses can purchase data as required. For example, during congestion times, this data could be used to re-route traffic or coordinate traffic lights to change their schedule. Drivers could be incentivized to take these alternate routes and even paid for sharing their information. This “just in time” approach would keep the drivers’ personal information private or kept off-chain. Even better if Constellation’s native DAG token is used to facilitate these payments. 

A permanent factual public record of vehicle usage marks the first step in creating automated infrastructure and “Smart Cities.” The advent of 5G and other IoT technologies will make Constellation and MOBI’s work extremely important soon.

Information on the Constellation Network can be found here.

Information on the DAG token can be found here.

Tags: ConstellationDAGIoTmobi
ShareTweetShareShareSendSend
Carlos Park

Carlos Park

Carlos has been actively involved in cryptocurrencies since 2014 and since then has authored multiple articles and reviews, edited podcasts, and acted as an advisor for several projects related to blockchain technologies.

Related Posts

Dogecoin Soars After Tweet From Adult Film Star DOGE HODLer
All News

Dogecoin surges as Other Cryptocurrencies Fall Sharply

19th April 2021
China’s Release Of The e-Yuan Cryptocurrency Attracts Global Attention from Investors
All News

China Plans to Introduce Digital Yuan to Foreigners Ahead of 2022 Olympics

19th April 2021
Crypto Adoption Hindered by Heavy-Handed Response from Regulators
All News

Crypto Assets are Investment Alternatives, says PBoC official

19th April 2021
Grayscale Crypto Holdings Now Records $13 billion AUM
All News

Rothschild Acquires Shares in Grayscale ETH Trust

16th April 2021
New Crypto Regulations in Hong Kong May Push Retail Investors to Unregulated Platforms
All News

Turkey’s Enthusiasm in Crypto Investment Halted by New Regulation Measures

16th April 2021
Could Ethereum Prices Spike After the August 4th ETH 2.0 Upgrade?
All News

Berlin Hard Fork Goes Live as ETH Continues to Surge

15th April 2021
Next Post
mxc-bsn

MXC and the Advent of Smart Cities

Ripple Youtube Scam

YouTube Brushes Off Ripple Lawsuit - Not liable for Crypto scams

Please login to join discussion
  • All News
  • Editor's Picks

DeFi Privacy Protocols: How Suterusu Stands Out

Dogecoin surges as Other Cryptocurrencies Fall Sharply

First NFTs, now crypto-payments -TIME to accept crypto for subscriptions

China Plans to Introduce Digital Yuan to Foreigners Ahead of 2022 Olympics

Ignore Bitcoin and Fall Behind, Warns US Lawmaker to Treasury and Fed

Join our newsletter!

Enter your email to receive our newsletter.


Don’t worry, we don’t spam
ADVERTISEMENT

Popular Posts

  • Robinhood - Doge

    Robinhood Accused of Restricting Dogecoin Trading

    0 shares
    Share 0 Tweet 0
  • Dogecoin surges as Other Cryptocurrencies Fall Sharply

    0 shares
    Share 0 Tweet 0
  • First NFTs, now crypto-payments -TIME to accept crypto for subscriptions

    0 shares
    Share 0 Tweet 0
  • Bloomberg Intelligence: BTC Has Far To Run Before Reaching Cycle Peak

    0 shares
    Share 0 Tweet 0
  • Spain Tax Authority sent 14,800 Warning Letters for failure to Disclose Crypto Holdings

    0 shares
    Share 0 Tweet 0

Market Updates

Bitcoin And Ethereum Prices Rebound As Crypto Market Recovers $250bn

Biggest BTC Market Price Movements Since 2009

14th April 2021
Bitcoin

Bloomberg Intelligence: BTC Has Far To Run Before Reaching Cycle Peak

12th April 2021
Binance Smart Chain Accelerator Fund Grants Six DeFi Projects $350K

BNB Momentum Continues Inching Closer to Flipping Ethereum

12th April 2021

Media

BNP Paribas S.A Primes Ethereum NFT Market for Explosive Growth

NFT Charity Event “Eazy Sleazy” Drops on April 15

16th April 2021
Bitcoin Price Consolidates as Hedge Funds Bet on a Big Pullback

Bitcoin Breaks Key Hurdles; ETH Looks Set For Fresh Run To $2K

18th March 2021
South Korea to Charge 20% Tax on Crypto Gains

South Korea Authorities Arrest Tax Evaders Hiding Assets in Crypto

15th March 2021
hashoshi-alts (2)

Altcoin Season Picks / Projects with Huge Potential

9th September 2020
cardano-ADA

Hashoshi: Cardano Shelley is live… but what’s next is WAY BIGGER

19th August 2020
hashoshi-alts

Hashoshi: Low Cap Alts you need to be watching in 2020

5th August 2020
The Daily Chain

The Daily Chain is a news platform and educational hub founded in January 2019. We are dedicated to providing unique and informative daily content across all facets of the blockchain and cryptocurrency industry whether it be news, opinion pieces, technical analysis, reviews, interviews, podcasts and more.

LEARN MORE »

Recent Posts

  • DeFi Privacy Protocols: How Suterusu Stands Out
  • Dogecoin surges as Other Cryptocurrencies Fall Sharply
  • First NFTs, now crypto-payments -TIME to accept crypto for subscriptions
  • China Plans to Introduce Digital Yuan to Foreigners Ahead of 2022 Olympics

Information

  • About
  • Contact
  • Site notice
  • Risk Warning
  • Privacy Policy

Categories

  • News
  • Markets
  • Features
  • Education
  • Media
  • Reviews

TheDailyChain © 2020. The Home of Digital Assets

No Result
View All Result
  • News
    • All News
    • Assets
    • Bitcoin
    • Business
    • Editor’s Picks
    • Technology
  • Markets
    • Market Updates
    • Live Cryptocurrency Market Prices
    • Press Release
  • Features
    • Articles
    • Opinion
    • Interviews
    • Quiz
  • Education
    • Blockchain
    • Trading
    • Investing
    • Safety
  • Media
    • Video
    • Podcasts
  • Reviews
  • Asset List

TheDailyChain © 2020. The Home of Digital Assets

At The Daily Chain, we are committed to protecting the personal data of our audience.
In light of the General Data Protection Regulation, we are asking our audience in Europe to consent to the use of cookies by The Daily Chain and its partners to continue to our site. These cookies are used to personalize your user experience (content and ads) and support and improve the site. Please click “I Agree, Continue to Site” below to consent to the use of this technology and continue to TheDailyChain.com. Visit our Privacy Statement to learn more. Cookie settingsAgree, continue to site
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are as essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

bitcoin
Bitcoin (BTC) $ 56,196.00 0.12%
ethereum
Ethereum (ETH) $ 2,199.48 0.82%
binance-coin
Binance Coin (BNB) $ 509.32 7.03%
xrp
XRP (XRP) $ 1.36 2.12%
dogecoin
Dogecoin (DOGE) $ 0.407119 21.19%
tether
Tether (USDT) $ 0.999744 0.16%
cardano
Cardano (ADA) $ 1.22 4.46%
polkadot
Polkadot (DOT) $ 35.50 5.86%
litecoin
Litecoin (LTC) $ 264.96 3.18%
bitcoin-cash
Bitcoin Cash (BCH) $ 916.63 2.55%
Newsletter

Join our newsletter!

Enter your email to receive our newsletter.

Don't worry, we don't spam