Ford and Toyota Double-Down on Blockchain Patents
Ford and Toyota continue to lead the way when it comes to the development of blockchain-based vehicle technology. The two automakers have doubled down on their blockchain innovation in Q2 2024. This comes from recent patent filings from both automotive firms. Ford and Toyota filed a total of at least 43 blockchain-related patents in the second quarter of 2024. According to data from GlobalData Patent Analytics and Just Auto, Ford increased its filings from just three in Q1 to 14 in Q2. Toyota improved its filings from 25 patents in Q1 to 29 in Q2. Ford and Toyota Continue to Lead the Pack in Blockchain Implementation For Automobiles Source: Built-In The patents filed by Ford and Toyota in the past few months address blockchain concerns within the automobile sector. One of Ford’s recently filed patents could provide immutable providence for vehicle ownership. Per the filing, Ford’s system would “manage ownership data of a vehicle … including changes in ownership of the vehicle, via...