According to BlockBeats, on September 12th, based on a series of patent applications recently submitted by Ford and Toyota, these two car companies continue to lead in the development of blockchain based automotive technology. Ford and Toyota jointly submitted at least 43 blockchain related patents in the second quarter of 2024.
Overall, the number of patents submitted by the industry in the second quarter was less than the previous quarter. However, according to GlobalData Patent Analytics and Just Auto, both Ford and Toyota have risen against the trend. The number of patent applications for Ford increased from 3 in the first quarter to 14 in the second quarter, while the number of patent applications for Toyota increased from 25 in the first quarter to 29 in the second quarter.
The patents applied for by Ford, Toyota, and other automotive companies in the past few months have addressed numerous concerns within the industry. For example, Ford recently applied for a patent that appears to provide an immutable guarantee for car ownership. According to the document, Ford's system will "manage vehicle ownership data... including changes in vehicle ownership, through smart contracts that automatically execute in response to real-time event data
