What is the Concept of Future Cars?

VAIP Foundation
VAIP Foundation
Published in
3 min readMay 18, 2021

In the future, there will be incredible change!

VAIP collects various types of car-related information and processes big data through the usage of AI and deep learning, treating it in a fair and transparent manner, there by connecting a wide range of services into one ecosystem, creating a trust-based platform based on the blockchain technology.

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In today’s post, we will talk about What is the Concept of Future Cars? In the field of future automobiles, the competitive structure of the global market is constantly changing. In addition to improving the performance of existing internal combustion engines, the development of eco-friendly vehicles to reduce carbon emissions, and R&D investment in autonomous vehicles are essential requirements for the survival of companies in the future.

What is a future car?

The future car is a concept of the vehicle and vehicle industry that encompasses the following three areas.

1) Eco-friendly vehicles represented by general electric vehicles and hydrogen electric vehicles.

2) Autonomous vehicles driven based on information and communication technology (ICT) and artificial intelligence (AI).

3) Vehicle sharing service based on smartphone O2O platform represented by TaaS (Transportation-as-a-Service)

Changes in the environment of the automotive industry

With the advent of the Fourth Industrial Revolution, which maximizes convergence of information and communication technology and artificial intelligence, automation and connectivity, the paradigm of the vehicle industry is rapidly changing from internal combustion engine-individual driving to electric power-autonomous driving.

The global demand for automobiles is changing into a millennial generation that values eco-friendly, convenience and safety, and major countries are tightening regulations on environment, fuel economy and safety.

On the other hand, as software equipped with semiconductor technology and artificial intelligence technology is advanced and communication infrastructure such as 5G is expanded, self-driving cars are emerging as a frame that sees cars as a means of living space that has secured mobility.

In addition, the concept of the sharing economy combined with autonomous driving technology has resulted in the emergence of a future transport service in which individuals do not own a vehicle, but use a company-owned vehicle whenever necessary, and transport itself is recognized as a service.

Implications

In the field of future automobiles, competition in the global market is constantly changing, and development of eco-friendly vehicles to reduce carbon emissions as well as improving the performance of existing internal combustion engines, and R&D investment in autonomous vehicles are essential requirements for the survival of companies in the future.

In order to be competitive in the eco-friendly car market, it is essential to build core parts manufacturing capability and charging infrastructure.In the autonomous car market, the vehicle platform is electrified, the development of autonomous driving functions based on semiconductor technology or artificial intelligence, communication infrastructure, and related information. It is essential to establish a legal system.

About VAIP

VAIP is a blockchain-based Vehicle Data AI Platform. VAIP is built on the basis of the vehicle data and automotive industry data. VAIP tokens are used to make the ecosystem sustainable. And vehicle data is an asset and a resource that produces enormous value. The VAIP ecosystem collects various kinds of automotive information and processes it into Big Data through AI and Deep Learning, thereby connecting the wide range of services into an ecosystem that is a trust-based ecosystem on the foundation of blockchain technology.

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