Porsche to explore the Blockchain technology
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”.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
IBM Watson uses the Blockchain in Singapore
IBM Watson and blockchain
Also, at the beginning of 2016, Chris Ferris, CTO at IBM, became the project leader of the aforesaid open-source blockchain project.
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Red Hat to help blockchain related startups
How Openshift works
Red Hat with Hyperledger
Open your free digital wallet here to store your cryptocurrencies in a safe place.
Hitachi is studying the Blockchain
In a press release, Hitachi explained:
“By establishing the Financial Innovation Laboratory in the Silicon Valley, Hitachi will accelerate research [and] development of blockchain technology, collaborative creation with customers, and development of solutions to support business innovation in financial institutions.”
Hitachi partners with Hyperledger
This statement follows a previous company’s news related to the blockchain: in fact, in February Hitachi joined the Hyperledger Project, an advaced blockchain technology that aims at “identifying and addressing important features for a cross-industry open standard for distributed ledgers that can transform the way business transactions are conducted globally.”
The Hyperledger Project is a Linux Foundation collaborative project that stars some of the most important companies in the world, including IBM, J.P. Morgan, Fujitsu and many more.
Open your free digital wallet here to store your cryptocurrencies in a safe place.