“Google is working on self driving cars and they seem to work.People are so bad at driving cars that computers don’t have to be that good to be much better” — Marc Andressen
Self driving cars seemed like a car dream a decade ago but now, they are not far from becoming reality. Autonomous cars are expected to be much smarter with the ability to communicate with each other. The cars will be designed with a technologically advanced infrastructure. The cars will always know your destination, the time you have to make it to the place and information about every other moving vehicle.
The cars function by using machine learning algorithms to ensure safety and security of the vehicle. These algorithms go through millions of hours worth of user driving data and then learn patterns which are later used by the vehicle to make driving decisions. Autonomous vehicles have the ability to handle most of their own requirements like fuel handling, parking and other basic functions. Blockchain technology can help in the development of the vehicle as sharing of data can be made easier through blockchain technology.
Using blockchain technology, you can develop an optimization and prediction technology which will help you to get information about every other vehicle on the road with you and their future destinations. Important information like toll payments, speed controls, parking spots and reservations will all be taken care of during or before the ride, which is a huge asset.
In a self driving car regulated by blockchain technology, as soon as the user books the ridem, the user will be shown all the data. The data will include the cost, comparison of cost with other vehicles and the fastest route available.
Designers face an issue while performing machine analysis on the driver data. Different parts of the process depend on different data sets; hence, storing and regulating these data-sets is a challenge. Blockchain networks, as we know are tamper resistant and can save the driver’s data without being compromised. Blockchain technology can help the software markets to get information directly from the drivers, thereby reducing the time it takes for information to be collected and transmitted.
Also, the storage of data in a blockchain network ensures such safety that it becomes impossible for any hacker to breach. In a centralized system, there is the possibility of error or system failure triggered resulting from connectivity issues. These errors increase the chances of accidents. But with the application of blockchain technology in self driving cars there is minimal chance of a crash, and there is a guarantee that your data is safe. In today’s traditional model, hackers can easily access user’s data and use the data for illegal measures.
Blockchain technology improves the way taxis charge their customers. The account regulation can be smoother. The smart contract technology has the power to make the payment process easy by making sure that each party maintains their part of the bargain and in the event of any dispute, a consensus is reached without involving a third party.
As blockchain technology promises new innovations, the future can be assumed to be pretty bright. Soon enough blockchain technology could advance almost everything about the world we live in. Self driving cars are an example of how the technology is making life easier for us everyday.
Feelium is a blockchain-based platform that offers secure contracting services and wallet transfers. Feelium’s utility features can be used to prepare smart contracts for any purposes.