German automobile manufacturer Porsche wants to explore the blockchain technology.
According to a press release, Porsche announced a new startup competition last week with the main goal of attracting companies that work in the blockchain industry as part of a bid to test potential applications.
This is the first time Porsche has talked about its interest in the distributed ledger tech.
Porsche is offering €25,000 in prize money and a three-month stint at SpinLab, an accelerator based in Leipzig that the automobile company supports.
Applications for this contest are due by May 15th.
Below you can read a statement published by the German company:
“Porsche aims to obtain external input on the disruptive potential of the blockchain transaction system by collaborating with the start-up scene. The central question is to what extent the application of this technology in the value creation chain of the company makes sense. Moreover, other forms of potential long-term collaboration will be investigated.”
Porsche is not the first automobile company to reveal its interest in exploring the blockchain for possible use cases.
In February, in fact, Daimler AG announced that it was joining the Hyperledger project, explaining how the blockchain is “a promising technology, not fully mature yet, but continuously growing”.
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