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Filament Launches Automotive Blockchain Platform for Connected Vehicle Applications

November 12, 2018

New automotive blockchain platform connects directly to the vehicle data-bus for at-source generation of trusted data and blockchain transactions

RENO, Nev., Nov. 12, 2018 (GLOBE NEWSWIRE) -- Filament, provider of comprehensive enterprise blockchain solutions for the Internet of Things (IoT), today announced Blocklet™ for Trusted Vehicle Applications (TVA). Available as part of Filament’s Blocklet Kit for Trusted Vehicle Applications, Blocklet TVA is the industry’s first end-to-end automotive blockchain platform that allows vehicles to participate directly in blockchain and distributed ledger technologies (DLTs). The hardware — which includes Filament’s Blocklet technology, as well as cellular connectivity, environmental sensing and access to vehicle diagnostics — makes it possible for automotive, freight and transportation companies to create new, large-scale connected-vehicle services and smart contract applications on top of a trusted blockchain foundation. Filament is unveiling and demonstrating Blocklet TVA at MarketWaves18 in Grapevine, Texas this week.

“The Internet of Things and blockchain are a powerful combination. We believe this is especially true in the rapidly changing automotive and transportation landscape,” said Allison Clift-Jennings, CEO, Filament. “Blockchain technology gives connected machines including passenger vehicles, long haul trucks and construction equipment, a voice of immutable truth that goes well beyond data gathering. Blocklet TVA helps corporations with connected vehicles quickly understand and tap into the potential of transparent, edge-authenticated and distributed data which will enable the next generation of intelligent mobility.”

To address the specific connectivity, identity, and security requirements of the automotive sector, Blocklet TVA combines the unique features of DLT-enabled connected vehicle applications with its end-to-end blockchain hardware, creating a turnkey product for vehicle integration. Blocklet’s software development kit (SDK) and hosted services are bundled in Filament’s Blocklet Kit.

Blocklet TVA includes:

-- Blockchain-native chipset for secure vehicle data apps and diagnostics:Ability to securely collect, attest and transact vehicle data, such as parameters from the Engine Control Unit (ECU), as recorded directly from the vehicle data bus. Connects to an OBD-II port for passenger vehicles or a J1939 port for heavy-duty vehicles and construction assets. -- Connectivity, hosting and location services: Dedicated GPS combined with the latest LTE Cat-M1 cellular, Wi-Fi and Bluetooth connectivity for secure blockchain transactions and smart-contract processing. -- 9-axis inertial motion sensor: Built-in 9-axis inertial sensor for recording acceleration, incline, vibration, G-forces and other detailed in-transit data on vehicle usage. -- Built-in environmental sensors: Sensors for barometric pressure, temperature and humidity all provide context to vehicle operating conditions. -- Hosted services provide flexible blockchain platform support: Supports BigchainDB and Ethereum as well as Hyperledger Fabric and Hyperledger Sawtooth frameworks.

Blocklet TVA is a secure and flexible platform that enables a wide range of new products, services and business models to be created at the intersection of vehicles and blockchains. As an example, Blocklet TVA can be used to create new dynamic leasing models where blockchain technology measures and validates vehicle usage to adjust lease rates accordingly. Filament’s solution can also enable an immutable vehicle history with cryptographically verifiable service records that are maintained on a distributed ledger, used to determine an accurate value of pre-owned vehicles and support smart-contract based business logic. Original equipment manufacturers (OEMs) can use Blocklet TVA to build new supply chain services for vehicle components, ensuring their provenance, usage history, maintenance activity and use of genuine replacement parts.

Global Fortune 100 automotive manufacturers are currently using Filament’s Blocklet technology. Blocklet TVA is now available for real-world pilots and new product development. Visit Filament in booth #6 at MarketWaves18 on November 12-13, 2018 in Grapevine, Texas for a demonstration, or contact the company for engagement details.

About FilamentFilament builds comprehensive enterprise blockchain systems for the Industrial Internet of Things (IIoT). Its hardware, software and service solutions allow connected devices and machines to securely interact with, and transact value against distributed ledger technology such as a blockchain. Filament is headquartered in Reno, Nevada with offices in Denver, Colorado and Saint Paul, Minnesota. Learn more at filament.com.

Filament and the Filament logo are registered trademarks of Filament in the U.S.A. and other countries. Blocklet and Blocklet Chip are trademarks of Filament in the U.S.A. and other countries. All other trademarks mentioned herein are the property of their respective companies.

Filament Media ContactChristy KempDahlia Public Relations303-898-3390 ckemp@dahliapr.com

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