Ford Plans to Use Cryptocurrency For Car Communication

Ford cryptocurrency

Ford patent wants to use cyptocurrency for car-to-car transactions in order to reduce traffic with a better communication between cars, reported Coindesk

The patent dubbed “Vehicle-to-vehicle cooperation to marshal traffic” was awarded to Ford on March 27th. It explains that it would facilitate the communication between cars in order to coordinate their speed and counter “the psychology of human drivers who focus on their individual travel time preferences.”

The filing inform about an infrastructure called “Cooperatively Managed Merge and Pass (CMMP) system.” In this system, the “driving behavior is monitored, recorded, and evaluated in a collective manner by themselves and other participating vehicles.”

Further more, the patent also explains a credit system that cars will use to prioritize certain actions when necessary.

“For example, a driver of a consumer vehicle which is running late for an appointment may request to pass any participating merchant vehicles for a duration of 10 minutes on a particular road or highway for 60 CMMP tokens, at a rate of 10 seconds preferential access per token.”

The patent application stated:

“This system would temporarily allow for particular cooperative vehicles (sometimes referred to as ‘consumer vehicles’) to drive at higher speeds in less-occupied lanes of traffic and also to merge and pass freely when needed. Other participating cooperative vehicles (sometimes referred to as ‘merchant vehicles’) voluntarily occupy slower lanes of traffic to [allow] the consumer vehicle to merge into their lanes and pass as needed.”

The document also informs about a “CMMP” cryptocurrency used to enhance interaction between cars.

“The CMMP tokens are used to validate and authorize a transaction in which, at consumer vehicles’ request, the merchant vehicles either occupy slower lanes of traffic themselves, or allow the consumer vehicle to merge into their own lane and pass as necessary.”

 

 

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