LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise
No Result
View All Result
LBN
No Result
View All Result
LBN Ford Cryptocurrency patent
Altcoin News

Ford Patents a new Cryptocurrency System for Car-to-car Communication

by JP Buntinx
March 28, 2018
in Altcoin News
Share
logo

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000

Sign up

There has been a growing influx of new cryptocurrencies as of late. Various projects and companies want their own token to perform specific tasks. It now seems Ford is thinking along the same lines, at least as far car communication is concerned. A patent has been filed for this specific venture, although nothing has been set in stone as of yet.

Ford is a car company trying to innovate just like everyone else. With their focus on car-to-car communication, interesting things are bound to happen. A new patent filed by the manufacturer raises a lot of questions, though. More specifically, it seems as if the company wants to develop a new cryptocurrency for this specific purpose.

Ford Patents a Cryptocurrency System

The patent was awarded to Ford as of yesterday. It is designed to facilitate the communication between cars on the road. While this may not necessarily warrant the use of a cryptocurrency, Ford still sees merit in this approach. The token will help with coordinating cars’ speed and counter the concept of focusing on travel time preferences. All of this will require a completely new infrastructure, which will monitor driving behavior.

The tokens are also used as some sort of credit system, by the look of things. Drivers can purchase a “free pass” for a specific period of time in exchange for the Ford tokens. Additionally, it seems there will be an option to earn tokens as well.This latter part has not been confirmed as of right now, though. With cars becoming smarter, there are dozens of new opportunities to explore.

The cryptocurrency itself will be referred to as CMMP. It is unclear how it will be created and whether or not users can purchase the currency directly. It is evident Ford has an interesting plan in mind, but there are still a lot of questions to be answered. For now, it will be interesting to see how this new patent affects the company’s development of smart and autonomous vehicles. It’s certainly an intriguing business proposition.

Header image courtesy of Shutterstock

Related Posts

Ethereum Price
Altcoin News

Ethereum Price Analysis: ETH Could Take Major Hit Below $1,600

Ethereum price is struggling below the $1,650 resistance against the US Dollar. ETH price is now trading below $1,600...

by Aayush Jindal
September 26, 2023
Stellar Lumen (XLM) Price
Altcoin News

Stellar Lumen (XLM) Price Turns Red As Bears Aim $0.10

Stellar lumen price is gaining pace below the $0.118 resistance zone against the US Dollar. XLM price is now...

by Aayush Jindal
September 25, 2023
Ripple Price
Altcoin News

Ripple Price Analysis: Bulls Might Take Stand Near $0.485

Ripple price started a downside correction from the $0.5250 zone against the US dollar. The price is now trading...

by Aayush Jindal
September 25, 2023
One Charge Against Former Crypto Head Sam Bankman-Fried Has Been Dropped
Altcoin News

Crypto Case Against Mark Shin Thrown Out of Court

A $9 million crypto case has been thrown out of court. Mark Shin was recently charged with theft, cybercrime...

by Nick Marinoff
September 24, 2023

Top Casinos

Crypto Casinos
Crypto Casinos
Bonus Finder
Bonus Finder

Press Releases

  • Ibiza NXT 2023 – Heading toward a purpose-driven Web3 innovation journey

  • Alaya: The Pioneer of Artificial Intelligence Data

  • Zeebu Secures $25 Million in Presale Funding for World’s First On-chain Invoice Settlement...

  • Reef Labs $10M Accelerator Program COHORT 1 Begins, Paving the Way for Web3 Innovators

  • Registration for the Finance Magnates London Summit 2023 is officially open!

About us:

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies. We cover BTC news related to bitcoin…

Follow us:

  • This field is for validation purposes and should be left unchanged.

  • About
  • Partners
  • PR
  • Advertising
  • Privacy
  • T&C
  • Contact
  • Trading Software
  • Online Casinos Germany

© 2023 Live Bitcoin News. All Rights Reserved.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Exchange News
    • Dogecoin News
    • Litecoin News
  • Charts
    • BTCUSD Chart
    • LTCUSD Chart
    • ETHUSD Chart
    • ETCUSD Chart
    • XMRUSD Chart
    • DASHUSD Chart
  • Education
    • Bitcoin Glossary
    • How to Trade Bitcoin
    • Why Use Bitcoin?
    • Bitcoin Wallet
    • How to Buy Bitcoin
    • How Can I Mine Bitcoin?
    • How Can I Buy Litecoin?
    • How Can I Mine Litecoin?
    • Current Bitcoin Regulation
  • Press Releases
    • View All Press Releases
    • Submit a Press Release
  • Advertise

© 2023 Live Bitcoin News. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.
Go to mobile version