This lecture revisits the joint white paper by MHP and Riddle & Code which looks at the current automotive situation and mobility trends. The future of mobility is digital, and that’s why today’s OEMs need to completely rethink their business models to survive in this data driven era.
Considering business processes and technology alone cannot create a successful DLT-based project. To be sustainable, whether for mobility or any other sector, Blockchain-based projects must, in the end, create sustainable financial models that can also be tokenized. Machine identity solutions are adding trust and addressability at a new scale, which in turn opens new marketplace opportunities.
The RIDDLE&CODE Car Wallet allows vehicles to become autonomous business entities that participate in transactions on their own. With the Car Wallet, OEMs and mobility service providers can embrace the market-to-market (M2M) era and start to interoperate with their neighboring counterparts, such as smart cities or logistics infrastructure providers. Blockchain-driven solutions have financial capabilities by design. With this new technology, stakeholders in the automotive sector can now own the data stemming from their machines and vehicles. In the future, connected vehicles and digital ledgers will unleash the massive locked capital invested in infrastructure with transportation assets becoming more productive and efficient.
Ultimately, relevant budgets are necessary in states, governmental departments, industrial corporations, banks, and universities alike. Investments are needed in startups and tech companies who have already developed the technological base and proven the plausibility of Blockchain technology.
About Sebastian and Katarina
Sebastian Becker is the Chief Commercial Officer at Riddle & Code, having joined the company in early 2017. He’s in charge of Riddle & Code’s business development and sales internationally and is also heavily involved in industry associations and the partner ecosystem. Before, Sebastian had set up his independent media strategy consultancy, doing product strategy and innovation projects all around the globe. Since then he’s a big believer in incentivization techniques. He is fascinated by the potential of blockchains and, having studied Political Science in the 20th century, would love to see it helping to turn the current tide back, by adding trust and transparency and sustainability to the business world and beyond.
Katarina Preikschat is a Blockchain Portfolio Development Manager at MHP and has an extensive background in blockchain research. In 2017, she was involved in the first blockchain prototype development. From there, Katarina has collected vast experience in E2E (end to end) problem evaluation, ideation, solution design, prototyping and development (Ethereum and Hyperledger Fabric).