Daimler launches hardware Car Wallet with RIDDLE&CODE

Richard Kastelein
Jul 22, 2019 · 2 min read

Leading European blockchain interface solutions provider, RIDDLE&CODE, has announced details and context of its Distributed Ledger Technology (DLT) or Blockchain hardware wallet that is powering a Daimler Financial Services-led consortium to provide an open car wallet solution.

“This is a prime example of a global market leader betting on European industry collaboration and DLT-based innovation. A new generation of open mobility services will create new business models, and RIDDLE&CODE is excited to be at the heart of it with our hardware-based car wallet,said Alexander Koppel, CEO and co-founder of RIDDLE&CODE. He added, “It shows an ability to continue to offer disruptive value-added services creating new marketplaces for mobility, energy and finance.”

Car wallets enable a wide variety of use cases from car-sharing to Autonomous Vehicles. The real-time exchange of secure traffic data between vehicles and smart city environments reduces congestion and lowers insurance premiums, and Blockchain-certified data can be used in case of accidents.

RIDDLE&CODE provides Vehicle Identity, trusted data provenance and a settlement layer as part of this DLT consortium.

Tom Fürstner, the company’s Founder and CTO, said:

“Autonomous cars must behave consistently to be trusted. Cars are already computing devices. A secure identity ensures that the right authorities have approved code executed inside vehicles and the trustworthiness of data exchanged. RIDDLE&CODE secures this with its cryptographic hardware and uses ledgers to turn automobiles into future market places.”

The hardware wallet solution is built around RIDDLE&CODE’s Secure Element 2.0 that provides a protected blockchain identity to vehicles. Merging that with standard Vehicle Identity (e.g. registration) creates unique and secure ledger transactions.

Other partners in the Daimler-led Mobility Blockchain Platform include Blockchain Helix for human digital identity solutions, Evan.Network for the Network layer and 51 Nodes for Smart Contracts.

RIDDLE&CODE is a European Blockchain interface company, that builds hardware and software stacks, bringing trusted identity to objects and people. Together with its tier one clients and partners, RIDDLE&CODE brings greater efficiency and new business models to financial markets, energy distribution, supply chain management and the Internet of Things. More information: www.riddleandcode.com


Originally published at Blockchain News.

Richard Kastelein

Written by

Father. Husband, Tokenomist, Publisher, Writer, Entrepreneur, Fellow Royal Society Of Arts, Dutch-Canadian based in Groningen, Netherlands

Welcome to a place where words matter. On Medium, smart voices and original ideas take center stage - with no ads in sight. Watch
Follow all the topics you care about, and we’ll deliver the best stories for you to your homepage and inbox. Explore
Get unlimited access to the best stories on Medium — and support writers while you’re at it. Just $5/month. Upgrade