Keynote talk by Michael Huth: Turning a Vehicle Into an Economic Platform

Описание: Talk at the Fintech Symposium 2019.

Speaker:
Michael Huth, CTO, XAIN

Abstract:
Consumer expectations and fierce market competition have led to margins becoming increasingly thinner for manufacturers of consumer and commercial vehicles. These actors realize now more than ever, that the value of their goods no longer rests on the basic functions they provide, but rather on the types and qualities of user experiences they can offer: extra horse-power on demand, ability to share usage, selling data streams to third parties - to name a few.

Increasingly, manufacturers are exploring ways to capture this value by turning a vehicle into a mini-economic platform that facilitates value exchange. Usage of that platform must be controlled so that value creation and consumption are neither impeded, nor corrupted, for the tenants that interact on it.

Our R&D in policy-based access control, distributed ledger technology, and embedded systems has led to the development of FROST Technology for fully programmable sharing ecosystems and flexible usage control on a vehicle’s compute systems. FROST can thus provide consumers with novel, on-demand services whilst enabling manufacturers to tap into additional revenue streams.