Ti Gong
The “blockchain + transportation scenarios market” at Blockchain Valley on Friday.
Shanghai is advancing the use of blockchain technology in transportation, improving data security, transparency and operational efficiency.
The city hosted the “blockchain + transportation scenarios market” on Friday, showcasing the growing role of blockchain in transforming the transportation sector.
Blockchain is increasingly being used to secure data in smart transportation, especially with the rise of electric vehicles and autonomous driving, according to the city’s data office.
It ensures that vehicle data remains transparent and traceable. At the event, experts and business leaders discussed how blockchain can track vehicle data, improve road asset management, and streamline maintenance.
Shanghai Public New Energy Vehicle Data Center (EVDATA) introduced its “Hujiabao” service, which securely stores electric vehicle data and accelerates accident data retrieval from days to minutes, improving thus governance.
Companies are using blockchain to improve vehicle security. CCSMEC, a local company specializing in digital operations for smart vehicles, has developed a platform combining AI and blockchain to monitor electric vehicle batteries, preventing risks such as fires.
Another high-tech company, Lingshu.net, applies blockchain to vehicle data sharing, accident analysis and insurance, making claims processing faster and more accurate.
The insurance industry is leveraging blockchain to streamline claims and reduce fraud. By securely verifying accident details and responsibilities, blockchain improves the efficiency of autonomous vehicle insurance, where traditional methods face challenges, according to the China Digital Intelligence Research Institute Pacific Insurance Group.
