Volvo Car Corporation (20240220939). TRACKING VEHICLE MAINTENANCE INFORMATION USING BLOCKCHAIN TECHNOLOGY simplified abstract
Contents
TRACKING VEHICLE MAINTENANCE INFORMATION USING BLOCKCHAIN TECHNOLOGY
Organization Name
Inventor(s)
Andreas Martin Viktor Ropel of Gothenburg (SE)
Ben Peter Lloyd of Gothenburg (SE)
Matthias Yannick Philippe Le Saux of Gothenburg (SE)
Konstantinos Chatziioannou of Gothenburg (SE)
Klas Roland Persson Signell of Gothenburg (SE)
TRACKING VEHICLE MAINTENANCE INFORMATION USING BLOCKCHAIN TECHNOLOGY - A simplified explanation of the abstract
This abstract first appeared for US patent application 20240220939 titled 'TRACKING VEHICLE MAINTENANCE INFORMATION USING BLOCKCHAIN TECHNOLOGY
The patent application describes techniques for tracking the condition history of a vehicle battery using blockchain technology.
- Communication component receives vehicle information over time
- Recording component records vehicle information in a blockchain on a blockchain network as it is received
Potential Applications: - Automotive industry for tracking battery health - Fleet management for monitoring battery performance - Insurance companies for verifying battery condition
Problems Solved: - Lack of transparent and immutable record of battery history - Difficulty in verifying the condition of a vehicle battery - Inefficient tracking of battery maintenance and usage
Benefits: - Enhanced transparency and trust in battery history - Improved maintenance scheduling based on accurate data - Streamlined insurance claims process with verified information
Commercial Applications: - Battery manufacturers can offer value-added services for monitoring battery health - Fleet management companies can optimize maintenance schedules for cost savings - Insurance companies can use verified data for accurate risk assessment
Questions about Blockchain Technology: 1. How does blockchain technology ensure the security and immutability of the recorded vehicle information? 2. What are the potential challenges in implementing blockchain technology for tracking battery condition history?
Frequently Updated Research: - Stay updated on advancements in blockchain technology for enhancing data security and integrity in tracking vehicle information.
Original Abstract Submitted
techniques are described for tracking information regarding the condition history of a vehicle battery using blockchain technology. in an example embodiment, a system, comprises a memory that stores computer executable components; and a processor that executes the computer executable components stored in the memory, wherein the computer executable components comprise: a communication component that receives vehicle information over a period of time; and a recording component that records the vehicle information in a blockchain stored on a blockchain network as the vehicle information is received over the period of time.
