Blogs Details

18 January, 2021

Safe at Any Speed – Connected Cars, Cybersecurity and Blockchain

Whether by key or once ubiquitous (and extremely annoying) Viper aftermarket alarm, securing your vehicle and its contents is just common sense. Fast-forward to 2021 and while this advice holds true, connected cars have added a multitude of additional vulnerabilities.

Recent innovations in connectivity have birthed bleeding-edge features such as GM’s Supercruise and Tesla’s Autopilot, the latter doubly notable for being deployed as an over-the-air (OTA) update. However, by allowing our vehicles to steer themselves or manage our homes we’re transmitting and exchanging significantly more personal data than ever before. So, while sharing information between vehicles, mobile devices, and infrastructure promises to add an extra layer of safety to our drives, it is not without risk. It stands to reason that if a laptop can be vulnerable to cyberattack or malicious activity, so can a car – and for the operator of a conveyance weighing thousands of pounds, confidence in the machine is paramount.  A recent analysis concluded that “nearly a trillion connected cars are projected to be on road by 2030, many current connected vehicles have grown to 15-20 threat surfaces with new features and connectivity being added.” As IoT continues its march of progress, both automotive organizations and their software peers must leverage their collective know-how to protect vehicles from such attacks, manipulation, or unauthorized access.

Our last blog discussed the dominance of today’s culture of convenience, and while paying to charge up your EV or ordering groceries directly from a vehicles infotainment screen is indeed a big step forward in this regard, the ability to deliver increasingly personalized services hinges on access to Personally Identifiable Information (PII), including credit cards, home addresses, and sensitive metadata. “Connectivity has the power to transform but is not without its risks. In automotive, cyber security threats are real, OEMs are facing a unique level of challenge given the increasing complexity of the product (e.g., the exploding amount of ECUs, lines of code, and level of connectivity), an extremely fragmented supply chain, and the integration of all these systems that can compromise any specific countermeasure.” To address the unique security challenges presented by the emerging V2V and V2I ecosystem many businesses are finding salvation in blockchain technology.

Similar to how Volvo made vehicle safety not only commonplace but a sellable feature with its introduction of the three-point seatbelt in 1959, automotive data security will be our generations addition to safe driving – and it is blockchain that can deliver the currency, platform, instantaneous communication, and security necessary to support this effort. As vehicles take their rightful place among IoT, the utilization of shared real-time data from connected ecosystems merged with a concurrence of technologies and enhanced digital experiences will drive the next phase of growth within automotive industry – and its application is tremendous; from real time monitoring, end-to-end transaction tracking, mobile-enabled dealerships, advanced supply chain logistics, and much more.

“In an age of privacy concerns and rapid evolution in vehicle technology, our automotive blockchain platform will ensure the security and integrity of customer and vehicle information while maintaining the intrinsic benefits of a globally connected ecosystem. As pioneers in this field, all our solutions use blockchain to secure, distribute, and validate transactions across all our constituents. We now look forward to offering the infrastructure necessary to drive blockchain adoption across the industry.” Pavana Jain, CEO and Founder

Powered by Blockcurr and Ethereum, SHIFTMobility’s Automotive Platform is the industry’s first and only blockchain-based hub for all information and transactions that touch a vehicle. The system facilitates transaction processing with enhanced data security, auditability, and transparency across all its platform tiers, thereby improving trust amongst anonymous participants. It incorporates digital identity to authenticate users, performs transaction verification, provenance, as well as record asset and value exchange on a distributed ledger. While other organizations are busy debating the implementation of blockchain through emerging consortiums, our platform is currently deployed in leading automotive businesses. By leveraging the enhanced traceability provided by our end-to-end technology, businesses can more accurately plan operations, drive efficiency, mitigate the strain of demand fluctuations, and institute the security required by our increasingly connected world. Learn more

SHIFTMobility Inc.

Sources:

https://www.mckinsey.com/~/media/mckinsey/industries/automotive%20and%20assembly/our%20insights/shifting%20gears%20in%20cybersecurity%20for%20connected%20cars/shifting-gears-in-cyber-security-for-connected-cars.ashx

https://www.forbes.com/sites/stevetengler/2020/09/01/the-top-twenty-unspoken-automotive-cybersecurity-questions-and-their-risks/?sh=751900ff457d