Underlying technology

We built Car eWallet on Blockchain to securely facilitate machine-to-machine transactions.


 

Advantages by design

Smart contracts allow machines to make decisions independently.


Car eWallet utilizes Hyperledger Fabric in its latest version (1.2), which allows to easily onboard partners based on its unique privacy data collections. Only such data is stored that is required to manage ownership rights as well as to handle transactions at points of interest. Network participants of Car eWallet can even set up and maintain their own set of nodes. In the course of consensus, the partner can thus retain control about which services vehicles are allowed to consume and under which conditions.

Relying on Blockchain machines become trusted participants of a distributed network, which allows to maintain established business practice. Such a system is more robust to ownership fraud and enables integrated real-world business logic with automated transactions.



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