While the auto industry is racing towards an autonomous driving future, there’s still the question of actually developing the technology that is giving companies pause. Even with a brand as big as Toyota, resources for collecting data can be a huge problem. This is why it is now considering the use of Blockchain in order to gather enough road driving data to get a jump in driverless car technology.
In a recent announcement post, Toyota’s chief officer of Strategic Innovation, Chris Ballinger explained how Blockchain can help the company get the kind of data that it needs to develop its self-driving technology. For the most part, it has a lot to do with the numbers.
“Hundreds of billions of miles of human driving data may be needed to develop safe and reliable autonomous vehicles,” Ballinger said. “Blockchains and distributed ledgers may enable pooling data from vehicle owners, fleet managers, and manufacturers to shorten the time for reaching this goal, thereby bringing forward the safety, efficiency, and convenience benefits of autonomous driving technology.”