The potential with integrating blockchain and Internet of Things (IoT) technologies continues to grow pace – and the University of Nevada, Reno is the next to take that step by combining Filament’s blockchain with its autonomous vehicle.
Blockchain startup Filament is working with the University of Nevada and Reno’s Intelligent Mobility initiative in order to develop a latest standard based on blockchain IoT tech for attested data integrity between self-driving cars and road infrastructure.
The smart city mobility project is being conducted via the University’s Nevada Center for Applied Research, and is designed to enhance communication as well as safety between self-driving vehicles and surrounding infrastructure with LIDAR and dedicated short-range communications devices mounted at intersections.
The University of Nevada will soon start simulated testing of Filament’s Blocklet Technology along with plans to integrate the technology soon into both self-driving vehicle and the sensor infrastructure placed along defined routes to deliver a dependable record of events that enables attested data exchange through blockchain transactions.
“Working with Filament as part of Intelligent Mobility will help us to create and validate secured data generated from the many connected LIDAR devices, including those in autonomous vehicles, that will soon be a common feature in our cities and towns,” said Carlos Cardillo, director of the Nevada Center for Applied Research.
According to a report from MarketsAndMarkets earlier this month, there will be a massive growth in the blockchain IoT market, which is forecasted to go past £1.54b by 2024. In 2019, the report expects the market to reach £86.36m. By 2024, that is expected to increase to £2.31b. The report titled, Blockchain IoT Market by Offering, Application, End User, and Geography – Global Forecast to 2024, predicts growth at a CAGR of 92.92%.