RIDDLE&CODE has revealed that they will be working together with Influx Technology Ltd. The creation of a Drive&Stake stack designed for the next generation will be the primary focus of this collaboration. RIDDLE&CODE wants to improve its Drive&Stake hardware so that it can turn vehicles into self-driving agents in the new era of mobility. They plan to do this through a collaborative effort like the one described here.
Details of the Technology and Collaborative Effort
RIDDLE&CODE will work with Influx Technology to create a powerful and flexible toolchain for OEM developers in the automotive ACES (Automated, Connected, Electric and Shared) space. The aim of the collaboration is the prototype of P2P blockchain-powered solutions.
Influx Technology brings a wealth of experience to the table. It has over three decades of experience creating B2B automotive embedded systems. It also has experience creating deep-in-vehicle communication protocols. As part of the collaboration, Influx Technology will assist RIDDLE&CODE to come up with next-gen Drive&Stake hardware.
What the Leaders Had to Say
According to Steve Ratheram, the Senior R&D Engineer at RIDDLE&CODE, the goal of this collaborative effort is to create a toolchain that cuts back on the complexity of the process. They will also aim to simplify experimentation, making it possible to focus on value-added business models, while ensuring vehicle safety and security are not compromised.
According to Minh Cao, the Director of Mobility at RIDDLE&CODE, this partnership combines the experience of Influx Technology in the car industry and the Web3 vision of his company. He added that the technology they were working on would finally transform any vehicle into an autonomous economic agent, and its drivers into data entrepreneurs.
What is the Drive&Stake Consortium?
The Drive&Stake consortium is committed to realizing the goal of creating decentralized and secure technology. Its focus is blockchain and cryptography. The consortium’s D&S stack comprises hardware, which connects vehicle-embedded systems data to a secure exchange-to-exchange data and token management system.
Besides coming up with new hardware the consortium will also come with the new data economies and lifecycle revenue streams. It will also work to create provenance for data, develop collaborative, and decentralized data-driven business models, share data between competitors without leaking trade secrets, benefit from the network growth via a token-economical business model, and gain access to the backend technology stack that will enable the rollout of all business processes on the platform while complying with the law.
What is RIDDLE&CODE?
RIDDLE&CODE is the leading company in Europe for blockchain interface solutions. It creates hardware and software stacks, which combine the security of a smart card with blockchain, and IoT. Some of its partners include BMW, Wine Energie, and LiteBit, n leading Dutch cryptocurrency exchange. In collaboration with these firms, the company brings new business models to the energy, mobility, fintech, and materials sectors.
What is Influx Technology?
Influx Technology is a leading global brand in the vehicle CAN bus data logging sector. It provides innovative engineering solutions in the sector. Its goal is to design modular and flexible solutions, which are intuitive, and manufactured to the best standards possible.
