As vehicles become more advanced, they will continue to generate and collect more data about themselves and their owners. Ultimately, it will be necessary to protect this data, whether the owner is an individual buyer or a company that uses vehicles as part of a fleet.
The Importance of Trust
Typically, companies focus on protecting data with passwords and two-factor authentication. However, BMW is investing in a company that takes a Web3 approach to protecting data. Instead of simply using passwords or other methods of protecting data where you might access it, VIA wants to ensure that it is protected wherever it resides. This ensures that a hacker can't exploit a vulnerability in the cloud or use other backdoor methods to get information that needs to remain private.
Transparency Helps to Build Trust
One way that VIA aims to build trust among parties that generate or consume data is to create a transparent transaction network. In other words, it has built a system that logs transactions that can be viewed and audited for accuracy and ensures that everyone agrees with the data generated by a vehicle or its systems. Transparency also means that systems can be checked for vulnerabilities at any time.
The Beauty of Decentralization
Creating a decentralized network means only authorized parties can view data from any part of your business. For instance, the data created by your vehicle might only be viewed by maintenance team members as opposed to someone from sales or marketing. In addition, you can create accounts that don't need to be protected by passwords and are secure against traditional and quantum network technology.
If you are ready to buy a new or used BMW, don't hesitate to come see us or reach out by phone or online. You can start the process of applying for financing, take a test drive, or appraise your vehicle in a matter of minutes online or at our location. You can also feel free to ask questions about our inventory or learn more about buying a vehicle.