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Porsche set to deploy blockchain technology

Porsche set to deploy blockchain technology

The winner of the first Porsche Innovation Contest is a developer of blockchain technology. Start-up Xain, which provides solutions in the areas of artificial intelligence, machine learning and data analysis for industrial production, will now begin working with the upscale car maker in August.

Collaboration will kick off with a three-month pilot phase with the objective of developing a prototype of a blockchain-based app.

“We aim to gain new perspectives on the disruptive potential of the transaction system blockchain from the start-up scene,” says Martin Roth, manager for strategy, finances and risk management at Porsche.

As well as working directly with Porsche on the project, Xain will also participate in HHL Leipzig Graduate School of Management’s SpinLab accelerator programme, and pick up €25,000 in funding.

Image: Xain

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