Topic: Teslas to incorporate Blockchain???? (Read 323 times)
Elon Musk is huge enthusiast of crypto, and after Facebook created his own crypto it is very much possible that the Tesla will create something on their own. Maybe their own token instead of market share. We will see
Any devices with modern CPU and internet connection (specifically IoT devices) could run blockchain-based technology.
While it's good idea, it's no longer mind-blowing or revolutionize.
Yes its not mind blowing but definitely its revolutionary thought becasue no one imagine to incorporate blockchain solution with Cars . Even electric cars were exist but even tesla became revolutionary . Same kind if some body try to implement this solution would be great While it's good idea, it's no longer mind-blowing or revolutionize.
Elon Musk seems to be open to crypto, he is always posting about it on twitter. He even made a joke on April Fool's day that he is the creator of doge coin. All that being sad, he doesn't even own a significant amount of crypto consider he is a multi billionaire.
Well, I think if Elon Musk is to invest, adopt, or even create his own crypto it would make a great impact in the whole market. Well, integtating blockchain tech on their product may not be a bad idea after all, if ever it would be the first one to adopt blockchain tech in a car for record keeping and tracking.
Eloncoin?
I mean, TBH, I wouldn't put it past the guy. The guy has a hand in just about every market now-a-days. I'm surprised every celeb isn't just going out & creating their own version of crypto.
Although, full disclosure, i'd probably buy a bit of ELON (stock symbol already good to go, there yah go)
Sounds like a great to avoid security concerns and push Tesla forward into immutable data within their cars so customers feel happy with their experience. Having massive amounts of data is valuable for a company such as Tesla and can improve the performance of their future self-driving vehicles.
I think having a private blockchain would help the company immensely with measuring all data from its vehicles. This should bode well for security and provide a first-class experience for customers.
I think having a private blockchain would help the company immensely with measuring all data from its vehicles. This should bode well for security and provide a first-class experience for customers.
I hate to burst bubbles, but Tesla adopting bitcoin is contrary to their environmentalist image. However, they could adopt other blockchains, which in my view would indirectly benefit bitcoin as it would draw more people into the space.
What are you talking about? They would LOVE to sell you all the Solar Panels and even batteries for your mining operation. Tesla is not against energy use, only the source of this energy matters. And they have already deployed enough solar to power small cities/islands.
Kaua’I Island Utility Cooperative
This pdf shows a 10MW solar operation. Any large miner could easily sell half his assets to afford something like this, and ensure a future.
I know that there are pros and cons regarding the environmental soundness of bitcoin mining, and people may disagree, and I also grant that more mining is being done with renewable energy (which I support).
But for companies like Tesla, public perception is important. Currently, there are concerns about the environmental costs of bitcoin mining given how energy-intensive it is. For this reason, I am doubtful that Tesla would use bitcoin, but I suppose anything is possible.
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
Based on what I know, I think Tesla is already being used for mining but inculcating blockchain technology public ledger into Tesla cars will be a game changer because the automobile industry has nothing like that at the moment.. https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
I believe, this actual technological development from Tesla is not very far from its implementation. Maybe, they are already in the test runs before they broke this news. Of course, they should think ahead and with blockchain revolution, I believe they are already doing internal testings. This is really good news! Another big company supporting the concept of blockchain.
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
Based on what I know, I think Tesla is already being used for mining but inculcating blockchain technology public ledger into Tesla cars will be a game changer because the automobile industry has nothing like that at the moment.. https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
I hate to burst bubbles, but Tesla adopting bitcoin is contrary to their environmentalist image. However, they could adopt other blockchains, which in my view would indirectly benefit bitcoin as it would draw more people into the space.
What are you talking about? They would LOVE to sell you all the Solar Panels and even batteries for your mining operation. Tesla is not against energy use, only the source of this energy matters. And they have already deployed enough solar to power small cities/islands.
Kaua’I Island Utility Cooperative
This pdf shows a 10MW solar operation. Any large miner could easily sell half his assets to afford something like this, and ensure a future.
I follow all the news related to Tesla.Good article. I am sure that these guys will succeed.Perhaps future innovations are already being tested.It's hard for me to imagine how much this car will cost...
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain?
the question should not be "what if" because it is possible and even in most cases it will be easy to implement blockchain technology for almost anything but having the capability doesn't mean you should. so the real question should be "WHY" or in other words what would be the benefit of it and what would be improve?
in this case i don't see any reason to keep that kind of data on a public blockchain. not to mention immutable while i may not even use my car as long as my data persists on that blockchain!
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
I hate to burst bubbles, but Tesla adopting bitcoin is contrary to their environmentalist image. However, they could adopt other blockchains, which in my view would indirectly benefit bitcoin as it would draw more people into the space.
Elon Musk seems to be open to crypto, he is always posting about it on twitter. He even made a joke on April Fool's day that he is the creator of doge coin. All that being sad, he doesn't even own a significant amount of crypto consider he is a multi billionaire.
Well, I think if Elon Musk is to invest, adopt, or even create his own crypto it would make a great impact in the whole market. Well, integtating blockchain tech on their product may not be a bad idea after all, if ever it would be the first one to adopt blockchain tech in a car for record keeping and tracking.
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
Based on this every device in the world is a part of blockchain to collect data, this is not something that is new like google has been doing this for a long time using our computers searchs personal info as a data to be collected and sold to companies, and this kind of what our modern world is about, and it would not be a surprise Tesla is really doing this as well through tracking your destinations through your car's gps than using it.https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
Elon Musk seems to be open to crypto, he is always posting about it on twitter. He even made a joke on April Fool's day that he is the creator of doge coin. All that being sad, he doesn't even own a significant amount of crypto consider he is a multi billionaire.
When will he issue his own tokens??
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
And why can't they just record everything and store their data on a centralized server?Elon Must already made a lot management mistakes while trying to automatize the production of Tesla cars. This bullshit is only leading to higher price with a lower quality. Considering that any Blockcgain development is expensive as fuck right now they will only repeat their previous mistake.
I somewhat have to agree w/ this. I don't really know what the benefit of this would be. I mean, possibly, it could make the cars more extendable to an extent. If it was a private blockchain, where vendors had access to it, it could offer the ability for other software companies to extend onto the cars using the data somehow.
Elon Musk seems to be open to crypto, he is always posting about it on twitter. He even made a joke on April Fool's day that he is the creator of doge coin. All that being sad, he doesn't even own a significant amount of crypto consider he is a multi billionaire.
I think the points presented by the article aren't very interesting. By implementing blockchain in cars that way, we would be restricting privacy of the cars owners, for an example:
The another point, to track electronic charging stations, is pointless, as we can find it easily on google maps or similars. There is no need to use blockchain technology for this reason.
Just to not be so negative about it, the most interesting point is recording the car’s condition: it's good for potential future owners to know the car backgrounds, in case the seller is hiding any important information. However I'm not sure if it's really useful, because every car backgrounds should be found through its license plate search.
Quote
Enhanced security: Blockchain applications can be integrated into the car’s security system, giving only authorized users access to the automobile’s functions.
Maybe the car owner could want to let someone else drive his car, maybe in an emergency. Then it would be impossible. It's a very restrictive feature.The another point, to track electronic charging stations, is pointless, as we can find it easily on google maps or similars. There is no need to use blockchain technology for this reason.
Just to not be so negative about it, the most interesting point is recording the car’s condition: it's good for potential future owners to know the car backgrounds, in case the seller is hiding any important information. However I'm not sure if it's really useful, because every car backgrounds should be found through its license plate search.
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain?
If Teslas talked to each other open mesh style, that would be worth something. Wherever they see merits in using a blockchain as well, its for them to decide. Perhaps if they need security that the reports don't ever get altered or something like that.
If you mean that each car would be a full node to their blockchain, instead of using central servers, i guess that would be cool too.
IIRC Teslas already have dual computers, one takes care of the essential driving, and the other is the infotainment. This second computer could be given that task, or they could add a third one for that specific job, and make sure that if it fails, nothing else gets impaired.
I'm talking raspi ARM type embedded computers here (like a cheap smartphone), so don't get too exited thinking is some super expensive device. A 25~100 USD addition to a 40k USD car would probably be negligible.
integrating tesla technology with the blockchain it will make easier for many parties to monitor the used vehicles. because the blockchain uses open technology information sharing, various information log can be integrated for users and manufacturers needs to monitor their vehicles, the recorded information will be very valuable and I'm sure the log information can be utilized for various other business developments.
WOAH. What if Teslas were nodes and each car were to talk to each other and record everything on a public blockchain? This article blew my mind:
https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
The article states some possible use cases, and I think they are all not bad. However, and I am writing it because the post in the Bitcoin discussion section, we're talking about micro-transactions here if an exchange of money even takes place. Blockchain can store the data, sure, but some of our most famous cryptos won't be of much help. Coins like IOTA and IOT, though, might be apt to the task.https://cryptotradernews.com/technology/how-tesla-can-incorporate-blockchain-into-its-cars/
Thoughts???
Another point I'd like to make that while Tesla could incorporate blockchain, it does not mean it will. I remember Elon Musk saying that he has no intentions of applying cryptos to Tesla:
Quote
Speaking to the downsides of cryptocurrency, in the case of bitcoin for instance, he said he believes its use of a large computing network to secure its ledger is “computationally energy intensive.” He added that, for a company that aims to boost the adoption for sustainable energy, it may not be “a good use of Tesla’s resources to get involved in crypto.”
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