TechFlow reports, on September 12, according to Cointelegraph, citing patent analysis from GlobalData and latest data from Just Auto, Ford and Toyota continued to lead blockchain technology patent applications in the automotive industry during the second quarter of 2024. Despite an overall decline in patent filings across the sector compared to the first quarter, these two automotive giants saw逆势 growth. Ford increased its patent applications from 3 in the first quarter to 14 in the second quarter, while Toyota rose from 25 to 29.
Ford recently filed a patent aiming to provide tamper-proof provenance for vehicle ownership. The system would use smart contracts to automatically respond to real-time event data, managing vehicle ownership records including transfer of ownership. Toyota is exploring the development of a blockchain-based internal system for managing non-fungible tokens (NFTs) associated with its vehicles. This system would ensure that stored vehicles—such as those held by dealerships awaiting sale—are accurately represented on a blockchain ledger.
Meanwhile, progress in autonomous vehicle technology appears to have stalled. Both Ford and Toyota are showing signs of shifting strategic focus toward "driver assistance" technologies. A recent industry gathering indicated that although participating companies remain optimistic, there is broad consensus within the industry that critical challenges preventing robotaxis from operating publicly remain unresolved. Experts suggest that pivoting toward more mature blockchain technologies could give Ford and Toyota a competitive edge—even in the domain of autonomous driving. Both industries are exploring the potential impact of blockchain-based urban infrastructure on autonomous vehicle technology.
