Siemens Evaluates Blockchain Potential For Carsharing

With the invention of bitcoin came a new, secure method of value transfer, via its underlying technology blockchain. Since bitcoin’s inception ten years ago, a plethora of mainstream entities have investigated various ways to channel blockchain’s potential. Automation giant Siemens is evaluating the technology for various enterprise use cases, including improving the carsharing market.

Siemens is following the trend of mainstream giants looking to incorporate. “We are in the space where we want to come up with industrial extensions of blockchain systems, systems for enterprises,” Siemens Corporate Technology head of cybersecurity and blockchain Andreas Kind said to me in an interview. Kind mentioned use cases pertaining to areas such as supply chain, mobility, manufacturing, etc.

When entities are interested in making the move toward blockchain, they generally undergo periods of testing and discovery before choosing the most effective and applicable use cases, Kind explained. “Siemens is exactly in this kind of phase,” he added. The company just completed a period of exploration, Kind said, adding, “Now we’re at the point where we’re really zoomed into a set of use cases that are related to Siemens’ business.” Siemens is looking toward permissioned blockchain usage in particular, Kind noted.

Blockchain In The Mobility Arena

The cybersecurity and blockchain head mentioned the area of mobility as one of Siemens’ particular application focuses. Siemens has a separate branch devoted to the mobility sector. Siemens Mobility, a daughter company of the German-based Siemens AG, works to provide “transport solutions,” relating to the movement of “people and goods” to various locations globally, according to its website.

This article originally appeared on forbes.com To read the full article, click here.

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