Volkswagen In Deal With Blockchain Start-up CarVertical
Volkswagen has granted carVertical a ticket to Volkswagen Future Mobility Incubator in Dresden after it won the manufacturer's pitch competition held on May 31 in Riga (Latvia).
carVertical will begin work at the carmaker's innovation hub in September 2018 along with a financial support of 15,000 euros.
The company will also gain access to assistance of mentors and coaches, Volkswagen R & D teams, and professional advice by Sächsische Aufbaubank (SAB). It will also get financial and personnel support from the City of Dresden.
The company is set to develop various applications based on decentralized vehicle history registry. Its initiative is also supported by the European Union through 2014-2020 Operational Programme for the European Union Funds.