Connected-vehicle technology company CyberCar said it’s piloting a program with WebJoint, which provides cloud-based business-management software for marijuana dispensaries and delivery services.
The program will enable WebJoint to offer clients regulation compliance on cargo, vehicles and drivers through reports automatically generated from CyberCar’s blockchain data.
“Compliance reporting has always been the largest hurdle for the cannabis industry,” said Chris Dell’Olio, CEO and founder of WebJoint. “With CyberCar embedded in our solution, we are able to totally automate all municipal and state reporting requirements.”
CyberCar secures data to and from connected cars using blockchain technology. Blockchain keeps an unchangeable ledger of important data events, according to Boulder, Colo.-based CyberCar. The blockchain is made up of nodes, which form a consensus, and each node has its own immutable record of the same data.
Connected-vehicle data is produced onto a computer “gateway” inside the vehicle, then fed into a hosted cloud solution. The data is vulnerable to being altered. CyberCar can protect the data by collecting and recording it from inside the vehicle on the vehicle gateway, according to the company. CyberCar then stores the data with blockchain on the CyberCar node.
This means that even if the data generated from the vehicle were to be altered in any way, the original data collected by CyberCar would remain unchanged and available for verification on a CyberCar blockchain node, CyberCar explains.
“By blockchain-enabling data coming off cargo, vehicles and drivers, we provide an immutable source of data for multiple parties to view and trust,” says Pat Kennedy, CEO and founder of CyberCar. “We are thrilled to work with WebJoint to prove out this technology in the Cannabis industry.”
The WebJoint pilot kicks off in July, and the companies will be ready for customers by the fourth quarter, CyberCar said.
Two of WebJoint’s customers will take part in the pilot, which will involve 10 delivery vehicles. During the pilot, CyberCar’s blockchain-enabled Secure Telematics Platform will track cargo, vehicles and drivers, and generate automatic compliance reports from CyberCar’s blockchain data.