Together with UBS Bank, automotive supplier ZF Friedrichshafen started the development of “Car eWallet”. It’s a blockchain technology designed to simplify the use and billing of car-related services.

ZF Friedrichshafen called the future payment process for refueling electric cars as an operational scenario: if they stop in front of a traffic light or a crosswalk, their battery can in future be charged by induction and the minimum amount payable can be billed to Car eWallet.

Also, package deliveries in the trunk or the rental of private cars via car-sharing portals are potential areas of application for the technology. The IAA announced that IBM and other partners have joined the Alliance. Thus, the platform relies on IBM’s blockchain technology, which is provided through the IBM cloud.

Hyperledger Fabric 1.0

The block chain technology from IBM in turn based on Hyperledger Fabric 1.0, one of the Linux coordinated Foundation open source project around industry-wide block chain technologies to which 130 companies are involved worldwide.

In addition to IBM, further contributors to Car eWallet have become known at the IAA. Apcoa is one of Europe’s largest parking management companies. Vehicles that support the technology can use over 200,000 parking spaces in 80 cities in Germany alone, without the driver having to grab his wallet.

Also on board is the US company Chargepoint, a provider of charging stations, which also covers various charging situations for electric vehicles with its hardware and software solutions – at home, at work, in the city or on longer trips. Chargepoint, which is pushing for Europe, operates a globally uniform operating and payment system that should be easier to use with Car eWallet.