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samarkamane

Blockchain is in a new phase of auto identification

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Blockchain technology has become very important in the automotive industry in general, where the past two years and has witnessed many tests of technology in this area.
Five major carmakers - BMW, General Motors, Ford, Renault and Honda - will begin testing and pushing the vehicle identification system through blockchain technology next month in the United States.
Nikkei Asian Review reported Monday (October 14th) that the partnership aims to test the vehicle identifier system developed under the Mobility Open Blockchain initiative. As part of the project, digital vehicle identifiers associated with the property, service history and portfolio are assigned to allow the vehicle to pay fees automatically without specialized equipment.
The alliance is said to envisage the system applied to connected electric vehicles so that maintenance, maintenance and convenience purchases can be recorded, for example, and paid automatically when the vehicle is connected to charge its battery.
Mercedes also began testing blockchain-based transactions in its own cars.
In September of this year, Mercedes-Benz Daimler AG and mechanical engineering company Dürr AG conducted a blockchain-based trial on the Marco Polo business network for R3's Rchain software.
In August of this year, the automaker also tested a blockchain-based drive-by-truck system in partnership with Frankfurt and Commerzbank.

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In short, blockchain is a technique or invention that makes you rich if you use it well
It may destroy you if you do not improve its exploitation


 

Life is great and enjoy it

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Every society use the name of blockchain to be in race of new technologies generation even they don't know what it's mean exactly.but in other way it's good for the world of crypto to become big and begger more 

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On 10/18/2019 at 10:15 AM, samarkamane said:

Blockchain technology has become very important in the automotive industry in general, where the past two years and has witnessed many tests of technology in this area.
Five major carmakers - BMW, General Motors, Ford, Renault and Honda - will begin testing and pushing the vehicle identification system through blockchain technology next month in the United States.
Nikkei Asian Review reported Monday (October 14th) that the partnership aims to test the vehicle identifier system developed under the Mobility Open Blockchain initiative. As part of the project, digital vehicle identifiers associated with the property, service history and portfolio are assigned to allow the vehicle to pay fees automatically without specialized equipment.
The alliance is said to envisage the system applied to connected electric vehicles so that maintenance, maintenance and convenience purchases can be recorded, for example, and paid automatically when the vehicle is connected to charge its battery.
Mercedes also began testing blockchain-based transactions in its own cars.
In September of this year, Mercedes-Benz Daimler AG and mechanical engineering company Dürr AG conducted a blockchain-based trial on the Marco Polo business network for R3's Rchain software.
In August of this year, the automaker also tested a blockchain-based drive-by-truck system in partnership with Frankfurt and Commerzbank.

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Blockchain is just in a beta phase, it will be like this for at least two more years so that this new technological way is seen in a more serious way, there are still many mistakes to correct so that it looks more formal, having many liberal characteristics makes Adaptation process is much longer than usual.

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Really that's right Blockchain technology has become very important in the automotive industry since I just heard the news also that the Lamborghini will enter the blockchain system in its modern car, the automotive sector is a very important sector and entering the world of blockchain is a very important step and a proactive approach to the future. Owners of these companies have an insight into some governments trying to stick to the old regimes.

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Great information, I never imagined that blockchain technology could come into the mobile car business too! I am wondering how to apply it, please if you have some resources, please let me know.

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BMW, General Motors, Ford, Renault and Honda are giants that have risen gradually. It’s great that these organizations are introducing blockchain technology, which is a huge plus. 

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For me the blockchain technique is a way to keep ledger's records unchanged  for ever. That i s the primary feature/

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That's another evolution for blockchain technology, as I thought blockchain is very helpful to us, I hope some country will start to accept blockchain as their new technology because it has many benefits can give. 

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I agree with that, I think that blockchain is really good one and it has very important role in the world of crypto and it is really something that is important thing that we can understand.


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yes block chain is a mining wallet for bitcoin it is also a good identification . block chain is much secure system then other crypto wallet  

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I like technology blockchain .the Blockchain technology is truly a warm welcome from the public and I believe that next year we will see so much improvement in this field. It is very nice. 

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The blockchain is the most advanced technology currently and is used in many areas, including the financial field as the most important field and currently the auto industry and this is a good thing


THINK POSITIVE

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I think that blockchain is an amazing technology and if introduced well it could prove to be extremely reliable in the future of transaction and the financial industry. Furthermore, if used well it can be a good way to make a profit or even make a loss if you are not careful.


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i have seen so many companies in crypto and they all work to have better apps for identification and to be honest i dont like these because they are being used by countries to monitor the population.

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Я думаю, что blockchain-это будущее, и я думаю, что это самая горячая технология до сих пор. произведет революцию во многих областях, представляющих интерес

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The issue of blockchain is currently a welcome thing to the public. It is something we can never imagine will improve in the future.

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I am really proud of the blockchain. it's too good and so far it has also received a lot of trust, i find it always gets good response and good reviews, really it's undeniable. I think blockchain is about to move forward strongly

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All these motors companies seem to be pass on global, and already with the help of a blockchain, it's just a prospect to get crypto foreign money so that you can get along with it global.

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It is a beneficial step for these companies to include technology with the auto industry, with a high technology that will have positive impact, as well as benefit from its promotion to other contractors. It is the best part you have made progress, especially for car enthusiasts


Учитесь, учитесь и учитесь на своих ошибках :classic_smile:

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On 10/18/2019 at 9:15 AM, samarkamane said:

Blockchain technology has become very important in the automotive industry in general, where the past two years and has witnessed many tests of technology in this area.
Five major carmakers - BMW, General Motors, Ford, Renault and Honda - will begin testing and pushing the vehicle identification system through blockchain technology next month in the United States.
Nikkei Asian Review reported Monday (October 14th) that the partnership aims to test the vehicle identifier system developed under the Mobility Open Blockchain initiative. As part of the project, digital vehicle identifiers associated with the property, service history and portfolio are assigned to allow the vehicle to pay fees automatically without specialized equipment.
The alliance is said to envisage the system applied to connected electric vehicles so that maintenance, maintenance and convenience purchases can be recorded, for example, and paid automatically when the vehicle is connected to charge its battery.
Mercedes also began testing blockchain-based transactions in its own cars.
In September of this year, Mercedes-Benz Daimler AG and mechanical engineering company Dürr AG conducted a blockchain-based trial on the Marco Polo business network for R3's Rchain software.
In August of this year, the automaker also tested a blockchain-based drive-by-truck system in partnership with Frankfurt and Commerzbank.

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Thank you, my friend, for this really helpful article. It is important and can be expanded to include new things in the future. We do not expect that it will really include it. It is amazing.

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11 minutes ago, outsskux said:

Blockchain technology always surprises people. I am really proud of it because I love and trust blockchain so much. Blockchain is like a perfect creation between and it is coming closer to people, bringing the usefulness and convenience to users.

Blockchain could change the wholes system of lives, financially curtuarry, socially and all other aspects of life, because it is completely transparency, something people are not used to.

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Blockchain technology as a creation and breakthrough technology of humans. Future Blockchain technology will appear in the fields of human life. Mercedes is also my favorite car company. I am really happy that I own this car and integrate blockchain technology.

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If Mercedes were satisfied with its old glories and the cars that it produced before the year 2000 without adopting development and keeping pace with every new occurring in every field, its destiny today would be like the fate of the Finnish company Nokia, but it is trying to develop itself constantly, so we see Mercedes-Benz Daimler have introduced the Bookchin system For her new cars.

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Suzuki's colleague, Cabinet Secretary Yoshimasa Hayashi, delivered almost the same speech word for word. However, he added that the authorities "will take appropriate measures regarding excessive currency movements", hinting at another currency intervention.   This hint from Yoshimasa Hayashi scared 60% of experts who voted for the pair's southward movement and yen strengthening, 20% pointed north, and 20% took a neutral position. The opinion of the indicators is unambiguous, as they have never heard of interventions. Therefore, all 100% of trend indicators and oscillators on D1 are green, although a quarter of the latter are in the overbought zone. The nearest support level is around 160.25, followed by 159.20, 158.65, 157.60-157.80, 156.60, 155.45-155.70, 154.50-154.70, 153.60, 153.00, 151.90-152.15, 150.80-151.00. The nearest resistance is in the 160.85 zone, followed by 161.30 and 162.50.   In the upcoming week, the calendar highlights Monday, 01 July. 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Panic sentiment sharply intensified after the announcement on 24 June that creditor payments for the bankrupt crypto exchange Mt.Gox would begin in early July. The total amount of funds to be distributed among former clients is 162,100 BTC, roughly $10 billion. Bitcoin responded to this news with an 8% drop. It’s no surprise – such a volume of coins flooding the free market can seriously knock down prices. In the derivatives market, long positions worth $177 million were forcibly liquidated, and the total financing rate for futures contracts turned negative for the first time in June, indicating that sales exceeded purchases.   It is precisely on the expectations of Mt.Gox debt payments that the flagship crypto asset's quotes reached the lowest level in the past eight weeks last Monday. In this situation, two things are encouraging. Firstly, the deadline for repayment falls on 31 October, and it's possible that payments will be made in parts over four months rather than all at once. And secondly, there is hope that not all creditors will rush to convert their bitcoins into fiat, but will hold onto them, hoping for price growth.   In addition to the above, BTC miners exerted some downward pressure on the market. It became known that their coin reserves reached a 14-year low, as they had to sell a significant amount of BTC due to the April halving to cover operational expenses. Recall that the cost of mining bitcoin, according to JPMorgan analysts, is $53,000. Historically, this cost level is a strong support for BTC/USD. However, even in March, JPMorgan did not rule out that after the halving, bitcoin could temporarily fall to $42,000.   In the absence of positive signals, the demand for spot bitcoin ETFs continues to decline, major market participants slow down their activity, and start to take profits. This also pressures the prices. CEO of investment company CryptoQuant Ki Young Ju calculated that over the past two weeks, bitcoin whales and miners set a record by selling coins worth $1.2 billion.   According to 10x Research, all last week, US spot BTC ETFs recorded investor outflows, and on 21 June, net outflow exceeded $105 million. 10x Research believes that bitcoin will now need to find a new price range to stabilize the decline and then find growth catalysts. In the medium term, according to 10x Research analysts, it is not worth expecting BTC to return above $70,000.   Popular analyst Matthew Hyland noted that the combined bitcoin balance on centralized exchanges reached a multi-year low. In theory, this could be seen as a bullish signal, but the crypto market leader is not yet eager to show an upward trend. Naturally, the publication of key US economic data could serve as a vector for further cryptocurrency movements. If the Fed takes its first step in easing its monetary policy in September, it could support risky assets, including bitcoin. According to Cryptology experts, the chances of bitcoin reaching a new all-time high by the end of September are quite high, and what is happening now is a phase of accumulation.   Despite the current decline, many investors remain optimistic, citing the cyclical nature of the crypto market. They also do not forget about the US elections. For example, former Goldman Sachs CEO Raoul Pal predicted significant bitcoin and cryptocurrency market growth in Q4 2024. In an episode of The Wolf Of All Streets podcast, the financier noted that risky assets like bitcoin usually rally against the backdrop of US presidential elections. "The final quarter of an election year is a real 'banana zone' for all assets. It always is," Pal optimistically stated, noting that the "banana zone" for cryptocurrencies in autumn is much more pronounced than, for example, for the Nasdaq index.   Bitcoin was also supported by billionaire Michael Saylor. His company, MicroStrategy, is one of the largest bitcoin holders in the world, with 205,000 BTC on its balance sheet. Despite the negative trend, it increased its reserves by another 11,931 BTC (over $700 million) in the past month alone. Saylor is convinced of the first cryptocurrency's ability to grow to $10 million with support from China and other factors. He believes that in the future, governments, especially China, will fully embrace the first cryptocurrency and integrate it into the state infrastructure. The entrepreneur declared all pre-bitcoin economic instruments obsolete. "Before Satoshi Nakamoto, economics was a pseudoscience. All economists before Satoshi tried to develop economic laws with shells, glass beads, pieces of paper, and credit instruments," the businessman wrote, calling bitcoin a "perfect asset."   In previous reviews, we already wrote that the launch of exchange-traded spot ETFs on Ethereum could give a certain boost to the digital asset market. On 25 June, SEC (US Securities and Exchange Commission) Chairman Gary Gensler noted that the registration process for new ETFs is "going smoothly," and the approval date depends on how quickly applicants submit adjusted S-1 forms. Bloomberg analysts call 02 July the expected approval date for new products. Reuters, citing anonymous sources, reports that a consensus has been reached between fund managers and the SEC in negotiations, and only the "final touches" remain.   Co-founder of venture company Mechanism Capital Andrew Kang stated that after the approval of ETH-ETF, Ethereum's rate could correct by 30%, falling to $2,400. In his opinion, at this stage, the main altcoin attracts much less attention from institutional investors compared to bitcoin. Based on this, ETH-ETF will attract only 15% of funds compared to what BTC-ETF received at the start.   Kang noted that to increase Ethereum's attractiveness among investors, its ecosystem needs to be positioned as a decentralized financial settlement layer, a global computer, or a Web3 application store. At the same time, it will be difficult to sell new ideas for Ethereum's application to funds, as the asset is perceived by investors as an overvalued stock of a large technology company.   Significantly more positively views the future of Ethereum Matt Hougan, CIO of Bitwise, a company managing cryptocurrency funds. In his opinion, the appearance of a long-awaited exchange product is undoubtedly a positive factor, and the net inflow of investments into ETH-ETF over the first 18 months will amount to $15 billion. In his analysis, he relies on the experience of Canada and the EU, where in similar products the inflow ratio for Ethereum and Bitcoin is approximately 1 to 4 (i.e., 25%). In other words, if in the first quarter of work for spot Bitcoin-ETF the total inflow was $26.9 billion, for Ethereum it is expected to be at the level of $6.7 billion. In this case, in three months of work, the leading altcoin could rise to $4,400-5,000.   CEO of SkyBridge Capital Anthony Scaramucci believes that the price of Ethereum could rise even higher, reaching $10,000-12,000. Regarding bitcoin, the entrepreneur allows for its growth to $170,000-250,000. The main driver, in his opinion, will be the further institutional acceptance of cryptocurrency. Scaramucci called the approval of spot exchange ETFs an important regulatory barrier breakthrough for attracting new capital. Thanks to this, in his opinion, the share of digital gold in the portfolios of major players will soon be about 3%.   As of the evening of Friday, 28 June, BTC/USD is trading at $60,190, and ETH/USD is in the $3,390 zone. The total crypto market capitalization is $2.24 trillion ($2.34 trillion a week ago). The bitcoin Fear & Greed Index (Crypto Fear & Greed Index) has dropped from 63 to 47 points over the past 7 days, moving from the Greed zone to the Neutral zone.   In conclusion, here is another observation from Matt Hougan. The CIO of Bitwise presented three reasons why long-term investments in both bitcoin and Ethereum are more advantageous compared to investing only in bitcoin. These are: 1. portfolio diversification 2. the opportunity to earn on very different ecosystems and 3. economic benefit.   Considering the difference in the capitalization levels of bitcoin and Ethereum, Hougan believes that 75% of the capital should be invested in BTC and 25% in ETH. According to calculations, over the period from May 2020 to May 2024, the yield of such an investment portfolio is 3% per annum higher than one that only contains bitcoin. However, Hougan acknowledges that in the shorter term, a portfolio including 100% BTC outperforms a diversified one. Moreover, investing only in bitcoin carries fewer risks due to its higher market capitalization and features such as limited coin issuance and a phased reduction in the inflation rate to zero.   NordFX Analytical Group   Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.   #eurusd #gbpusd #usdjpy #btcusd #ethusd #ltcusd #xrpusd #forex #forex_example #signals #cryptocurrencies #bitcoin #stock_market   https://nordfx.com/ 
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