Porsche invests in a new blockchain management system

The company high - end automobiles, Porsche , invested in German technology startup blockchain Gapless , which will develop a system based on vehicle management technology distributed accounting (DLT) .

Gapless opened a financing round of 5.5 million euros (approximately USD 5,900,000) . According to Tech.eu, in addition to Porsche , a joint venture consisting of Block.one and FinLab and insurance entrepreneur Kersten Jodexnis participated .

The German startup plans to spend the money raised on developing an app that will allow users to record a complete vehicle history and increase its user base . Currently, Gapless manages more than 50,000 vehicles from its platform in Germany , the United States and the United Kingdom.

"We are constantly researching and investing in future technologies , " they said from Porsche . In addition, they argued that they continue to evaluate future solutions in the hands of technology: "Blockchain can be a potential benefit for any trust-based interaction that requires a decentralized approach"

In recent weeks , numerous car factories are betting on blockchain technology to innovate their productions and offer new experiences to their customers .

Automotive companies  Tesla  and  BMW  have recently implemented blockchain solutions  to their  manufacturing processes  with the aim of  reducing costs and improving the speed of shipments . In a global context marked by a deep crisis with an abrupt drop in demand, technology has become the main tool to modernize processes while reducing production costs.

Weeks ago , BMW also announced that it will extend its blockchain technology-based supply chain solutions to ten providers worldwide. This is the PartChain platform , which was successfully tested by BMW in mid-2019.