Blockchain Data Monetization Platform Developed By Hewlett Packard Enterprise And Continental

Blockchain, Innovation, News | February 26, 2019 By:

Hewlett Packard Enterprise (HPE) has teamed with tech firm Continental to develop a new blockchain platform for sharing vehicle data to enable new digital services that improve driver safety and convenience.

The new blockchain platform, which is expected to be available later this year, leverages a decentralized architecture based on blockchain technologies to help car manufacturers monetize their data and differentiate their brands. HPE Pointnext and Continental’s Interior division applied a complimentary approach to give data sovereignty to all participants in the ecosystem, while at the same time provide a highly efficient and secure procedure for monetizing vehicle data.

“The data-monetization platform will enable car manufacturers and other partners to trade data with each other – either to improve digital services for their customers or to monetize vehicle data,” HPE said. “However, trading is only feasible upon a driver’s consent. Therefore, the platform will integrate a consent management system and provide an easy to use opt-in and opt-out system for drivers. HPE and Continental take data privacy seriously to be compliant with GDPR and data protection regulations in other countries.”

The firms claim that the new platform, which is reportedly compliant with the VDA NEVADA Share & Secure concept, has already received overwhelmingly positive feedback from car manufacturers. In the future, they are planning to provide additional services to facilitate data trading and the integration of vehicle data into car manufacturers’ backend systems and services.

“We are sure that our platform cuts the Gordian knot of data sharing and data privacy,” said Helmut Matschi, Member of the Executive Board, Interior Division, Continental. “We invite car manufacturers globally to join our platform and collaboratively shape this quickly growing ecosystem.”