CUBE Technology Market Application Plan
From this year we expect CUBE Technology to have practical applications in the Autonomous Vehicle industry.
Short-term Strategy – Over-The-Air Market
OTA is a technology that can remotely upgrade existing automotive software, software that can improve performance and patch bugs through upgrades. CUBE will provide software diagnostics, installations and bug patches of existing automotive software remotely with OTA technology based on blockchains.
CUBE is developing blockchain based On-Board-Diagnostics (OBD) equipment for existing connected vehicles. Every car has a place to insert an OBD device and once a vehicle is connected to an OBD device, it can track the vehicle’s status from firmware version data to detecting malfunctioning parts of the vehicle.
Since firmware updates are performed over the air, car owners do not have to go to car repair shops to get the firmware updated. The vehicle manufacturers can fix the bugs via OTA while saving enormous amount of money which would be spent on recalling as the main reasons of the recalls would mostly be software problems, not the hardware.
OTA technology has a problem of being controlled centrally and is vulnerable to hacking. If a malicious hacker decides to access the server while uploading a firmware upgrade, it will cause tremendous problems from safety issues which could impact humans as well as the vehicles.
Cube produces an unhackable OBD device via decentralisation. Whether the vehicle is transporting people or good, perfect security is a matter of the utmost importance and Cube believes blockchain takes the core value in realising the perfect security.
Since OBD devices and OTA technology are not very new to the world, Cube expects to announce “Cube OTA Ver1.0” by May of 2018, which is a profitable area on relatively short-term basis.
We have a very exciting year ahead of us. The Autonomous Vehicle industry is growing at a fast pace and we are striving to stay ahead of the curve, making sure Autonomous Vehicles, big and small, stay secure.
Check back for more information on our Long Term Strategy in the next few days or visit https://cubeint.io/ for all the information you need on this exciting and important project.
