The future of Automotive & Mobility

Technologies of the future

With the rise of connected cars (V2V/V2X), new mobility solutions emanate and disrupt the existing automobile, transportation and logistics economies.

According to esearch the global market for connected cars will grow by 270% by 2022 with 125 million passenger cars expected to ship worldwide between 2018 and 2022. Driven by shared mobility, connectivity services, and feature upgrades, new business models will expand automotive revenue pools by ~30 percent, adding up to ~USD 1.5 trillion.

...new business models will expand automotive revenue pools by ~30 percent,
adding up to ~USD 1.5 trillion.

Problem

Vehicles of the future heavily rely on data as the source to self-sovereign, intelligent and autonomous decisions. Already today vehicles generate up to 25 GB of data per hour and this is expected to double considering there will be 200 sensors installed in connected cars by 2020.

Once autonomous vehicles become mainstream, forecasts estimate that the amount of generated data will equate to 300 TB of data annually.

To expose the full business potential of V2V/V2X, challenges related to autonomous payment, fuelling/charging, intelligent driving and transportation, or fleet control need to be solved in order to complement the customer experience.

All of this requires enterprises to think of innovative solutions beyond their perimeters. For example, the car manufacturer has to synergize with the fuel/energy charging station operator. For the prolonged adoption of automation in these domains, sensors and the way the data is sourced bears a sensitive role.

The manipulation of connected vehicles and the environment they interact with is a severe threat that hampers a wide-range commercialisation of V2X applications and services resulting in huge commercial and personal losses.

Solution

Weeve provides with its platform solution the common technology layer for the V2V/V2X domain to break out of monolithic businesses and explore the benefits arising from the cross-collaboration with novel ecosystem partners.

The platform allows the secure interconnection of vehicles and environmental devices operated by potentially competing players, and implement data-driven applications and services beyond the present technological borders.

The platform safeguards the validity of the data and enables vehicle payments, attestation of data, and commercialization of the data through marketplaces.

For instance, concepts built around preventing fuel fraud which cause huge commercial damages to fleet providers and transportation companies or safeguarding odometer readings; which enable a true car sharing marketplace to come into effect will only be made possible via a secure and scalable multifunctional IoT Platform.

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