September 12, 2017Blog Posts

IBM Joins Automakers, Banks in Blockchain Wallet Project Expansion


IBM has joined car manufacturer ZF Friedrichshafen and investment bank UBS in an effort to build and develop a blockchain-based mobile payment system for the automotive industry. Announced today at the Frankfurt Auto Show, the partnership is being positioned as one that conceives how driverless vehicles might automatically authorize payments, as well as act as a digital operator for the vehicle, in the future.  “Car eWallet is an innovative, digital assistant in the car that allows secure and convenient payments even on the go. Moreoever, it can also perform other tasks, like opening the trunk or doors,” the companies said in a statement today.

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