TX Podcast: Continental and the Web 3 technologies shaping the automotive industry
For this episode of the TX podcast, we invited Stefan Schneider and Konrad Hilarius of Continental to talk about how Web 3 technologies are shaping the future of the automotive industry.
Continental, one of the largest automotive suppliers in the world, develops pioneering technologies and services for sustainable and connected mobility. Their intelligent database services aggregate, enhance and deliver data, for example, to provide drivers with predictive information on the road ahead to increase the safety, comfort and efficiency of driving.
It’s estimated that by 2025, 90% of produced vehicles will have embedded connectivity solutions. With the increasing number of connected vehicles, sensors, and amount of vehicle data that is collected, data sharing is a growing trend in the automotive industry that offers huge potential for building new services and for automotive companies to create new revenue streams from data.
In their roles at Continental, Schneider and Hilarius are looking into uprising technologies such as data monetisation based on blockchain technology and intelligent transportation systems. Where do they see the automotive industry heading in terms of data and data economies? What are the types of data coming out of vehicles and how to commercialise it? What will the future of driving look like?
Listen to find out more.