Swiss Bank & German Energy Company Partner to Deliver Blockchain Wallets for Cars
Swiss banking giant UBS bank has partnered with German energy company Innogy and automobile manufacturing company ZF to provide a blockchain-backed Car eWallet that enables charging of electric cars. Due to be showcased at CES in Las Vegas, the Car eWallet can also be used for other payment related services such as parking fees, car sharing or road tolls by paying on-the-go, reports the International Business Times. In a UBS statement, it said: With the Internet of Things we will see in the future more and more devices enabled to autonomously pay for services. For UBS it is important to....
Related News
A blockchain wallet for every car? It's no secret cars have become more connected, but a new concept from a trio of big-name institutions is taking today's futuristic ideas further with a new blockchain prototype that envisions how transportation could be driven by automated payments. That's the vision behind a new blockchain project called Car eWallet, developed jointly by German auto parts maker ZF Friedrichshafen, the innogy Innovation Hub (a spin-off of german utility giant RWE) and Swiss Bank UBS. Car eWallet, announced earlier this month, is envisioned as an elaborate network for....
A new survey has found that the energy sector in Germany may soon be adopting the blockchain technology with many energy companies outlining a road map for the implementation of the technology in the future, according to the German news site, Contra Magazin. The survey, undertaken by Deutsche Energie-Agentur (German Energy Agency) and ESMT Berlin, looked at the responses from 70 executives serving firms in the energy sector. The results found that 39 percent indicated that their companies have plans in the future to implement the technology. While another 13 percent stated that they....
On December 15, FINMA-licensed Swiss bank, Seba, announced the launch of a gold token that can be delivered in physical form, on-demand, at any time from the firm’s partner refineries. Seba believes the token can be leveraged as a compliant stablecoin “backed by responsibly sourced gold.” Swiss Bank Introduces ‘Seba Bank Gold Token’ Backed by Physical Gold Stored at Partner Refineries Switzerland-based crypto bank Seba has introduced a number of new crypto products this year, like adding decentralized finance (defi) tokens to the company’s product....
A group of Swiss Bitcoin advocates led by Yves Bennaïm has initiated a referendum to amend the Swiss constitution in a way that would mandate the Swiss National Bank (SNB) to include BTC alongside gold in its currency reserves, as reported by local media. The proposed amendment to the Swiss constitution is succinct yet significant. […]
IBM is pushing for integration between the Internet of Things (IoT) and blockchain technology. The firm has invested $200 million USD in its Watson IoT headquarters in Munich, Germany, to research and develop the capabilities of these two innovations. IBM Injects $200M Into German IoT Branch. The multinational tech giant is racing towards blockchain....