Decentralized blockchain networks that use automated smart contracts can potentially reduce ride-sharing costs by 20 percent.

Disruptive technology in the automotive industry.

Nationwide; United States

Summary Information

This article discussed blockchain technology in the automotive industry and examined how the Ethereum network could connect automobiles and other Internet-of-Things (IoT) devices to support automated vehicle applications.

In most US cities, there are about 100 times more roads than mass transit lines leading to significant opportunities for improved ride-sharing applications.


Connecting drivers with riders using a decentralized blockchain network with automated smart contracts customized for ride-sharing would eliminate the 20 percent service fee required by large ride-matching services and enable drivers to save money and provide cheaper rides.

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How Blockchain Tech Could Move Self-Driving Cars Into the Fast Lane

Author: Reutzel, Bailey

Published By: Coindesk, Inc.

Source Date: 05/25/2017



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Goal Areas


Typical Deployment Locations

Metropolitan Areas


smart cards, Smartcard

Benefit ID: 2018-01232