Hot wheels of the future: Pre-fitted crypto wallets

Mercedes will soon implement a Mobility Blockchain Platform in its vehicles

Mercedes may soon have pre-installed in its cars a blockchain powered mobility platform that will do everything from managing your trip to processing digital contracts, “including the financial posting of the transactions in real time.”

In effect, the car becomes your crypto wallet!

Startup Autobahn Initiative

Mercedes is implementing Startup Autobahn, an initiative that works with startups and technology companies to develop next generation technologies relevant to automobiles. On July 16, Startup Autobahn completed six rounds of innovation and embarked on the seventh one.

Mobility Blockchain Platform

One of the Startup Autobahn projects showcased on July 16, and ready to implement, was the  Mobility Blockchain Platform (MBP).

Developed by the Blockchain Factory of Daimler Financial Services (DFS) in collaboration with four startups, the MBP is a “decentralized software platform that makes it possible to offer and manage mobility as a service with end-to-end encryption.”

One of the startups involved, Riddle&Code, innovated the “Hardware Wallet”, a digital wallet for cryptocurrency, to give the vehicle a network identity that enables it to handle transactions automatically.

So the car will pay and account for fuel, parking, tolls and maintenance. Mileage will be recorded on the blockchain and can’t be tampered with.

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Latest Alternative Investment News
FinTech: LatAm BNPL Provider Kueski Nabs $202M Series C Round
December 3, 2021     FinTech, News, Venture Capital

Kueski is one of the largest buy-now-pay-later (BNPL) and digital lenders in Latin America. It announced December 2 its close of a $202 million Series C debt and equity round….
Digital Assets: Renowned Investor Charlie Munger Sides With China On Its Crypto Ban
December 3, 2021     Digital Assets, News

Charlie Munger has shot off another broadside against bitcoin, endorsing China’s action in banning cryptos. A long-standing bitcoin skeptic, Munger was speaking in an interview for the Sohn Hearts &…
Venture Capital: 15-Minute Delivery Startup JOKR Raises $260M Series B
December 3, 2021     News, Venture Capital

New York-based instant grocery delivery startup JOKR has become a unicorn within nine months of its launch and raised a $260 million Series B within five months of raising $170…
Venture Capital: Porsche Buys A Stake In Sustainable Homes-Focused Startup 1KOMMA5°

Porsche, the German car maker, has taken a stake in Hamburg-based startup 1KOMMA5° through its venture finance arm, Porsche Ventures. The startup seeks to boost the rollout of presently decentralized…