We use blockchain to secure digital identities for digital keys and the software defined vehicle to enable us to deliver a frictionless user experience.
The blockchain is a decentralized, distributed database of immutable records. A database of information that is stored not in a single place, but across a network so no single entity can control or influence the data.
Each time a transaction is recorded, a new block is created containing the details of the transaction. The block is then added to the blockchain where it is linked to previous transactions to form a chain. As the blocks are connected, data cannot be modified without causing inconsistencies with the other blocks and being detected.
This is what makes blockchain so trustworthy.
Blockchain for digital keys
Storing every single digital key transaction in this manner provides us with a complete trail of data that cannot be modified, enabling vehicles and digital keys to communicate with absolute trust.