Toyota Uses Blockchain Technology to Advance Autonomous Vehicle Testing

For a number of years now, Toyota has been helping to define industry standards and push the envelope in terms of progressive automotive technology. The next frontier is the self-driving car, an innovation that’s right at the top of nearly every manufacturer’s list of targets these days. Toyota has a number of laurels in this department, with already available driver assist technology like Toyota Safety Sense™ and groundbreaking concepts like the Toyota Concept-i. Now they’re taking it to the next level with state-of-the-art developments for autonomous vehicles. Atlantic Beach and Jacksonville Beach drivers can learn more about what we already know regarding Toyota’s exciting experimentation in this area.

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What is Blockchain Technology?

“Big data” is one of the most commonly-used tech terms being thrown around these days, and blockchain technology brings Toyota into the big data game by allowing them to pool an incomprehensible amount of driver information. The Toyota Research Institute (TRI) is teaming up with MIT Media Lab to look into blockchain and distributed ledger technology in order to implement a network between millions of potential vehicles in order to monitor driver data that will be used in the development of self-driving cars.

What Else is at Stake?

In addition to allowing developers to potentially draw from an enormous wealth of available data, blockchain technology will also allow vehicles to safely and securely exchange a great deal of additional practical information to make your car do more for you. This will include:

  • Driver/Testing Data Sharing – This technology could let drivers share data within a secure digital environment.
  • Car/Ride Share Transactions – Once developed, this sort of technology could allow drivers to make money on their vehicle by selling rides or renting out the vehicle (or its cargo space) through a shared program.
  • Usage-Based Insurance – By monitoring the driving habits of a vehicle’s owner, drivers could potentially qualify for lower auto insurance rates.

How Can I Find Out More?

Whether you’d like to learn more about how blockchain technology could change the game for autonomous vehicles or are simply interested in exploring some of the impressive driver assist technologies already on offer across the current Toyota lineup, make the trip to Arlington Toyota, located at [di_dealer_option street_address=””] in [di_dealer_option city=””], [di_dealer_option state=””], not far from Atlantic Beach and Jacksonville Beach. Our staff is excited to discuss with you all that Toyota has to offer! Contact us at [di_option option=”di_phone_sales”] if you have any questions.

June 23, 2017
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