Porsche to Utilize Blockchain Technology

It was revealed that Porsche is currently testing blockchain applications in vehicles in collaboration with the Berlin-based start-up XAIN
27 February 2018   235

As it is widely known, blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp and transaction data. By design, blockchain is inherently resistant to modification of the data.

It was recently revealed that Porsche is currently testing blockchain applications in vehicles in partnership with the Berlin-based start-up XAIN. Porsche will reportedly become the first automobile company to implement and test blockchain in car production.

As it was reported by News Room, through auditable data logging, the data to be processed is encrypted locally in a distributed blockchain. The user will control the data, deciding how to use it depending on the situation. All activities will be stored in the blockchain, making them transparent. The users can use the stored data, but it will be protected at the same time.

The start-up XAIN won the first “Porsche Innovation Contest” on the subject of blockchain in the summer of 2017. Currently, Porsche is working on applications for blockchain technology, which will be applied in the areas of charging and parking.

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   40

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171