We’ve heard about the lovefest between blockchain tech and mobility for ages, with lots of hype around peer-to-peer (P2P) payments for autonomous vehicles, vehicle sovereignty, and car-sharing. But how does it all work and why should we care? The most recent effort is by Car IQ. The company has developed the first payment network to allow connected cars and trucks to pay machine-to-machine (M2M) transactions. Vehicles can pay for fuel, tolls, parking, and more without a credit card. Why use blockchain technology for in-car transactions? Existing transactions using credit cards, debit cards, and electronic fund transactions require customer action. They…
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