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Ford is Rewarding Safe Driving with Cryptocurrency

Z-ARCHIVE-Cryptocurrency Patent Forecast®

May 14, 2020

Ford Motor Company's latest patent application publication relates to a system that rewards drivers by detecting and analyzing driving behavior.

The system is able to function across a variety of vehicles, from standard cars and SUVs to even electric scooters! When drivers are engaging in safe behaviors, smart contracts are used to provide instance remittance of rewards using cryptocurrencies or company-based tokens. In addition, the system can also impose penalties if drivers are engaging in detrimental behaviors.

This represents Ford's 4th published patent application in the Cryptocurrency sector, categorized under the "Payment Systems" sub-category.

Slow, Safe, Stress, Sign, Traffic, Road, Warning, Speed

Relevant Patent Documents

Application US20200143237  


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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.

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Since the 2009 Bitcoin whitepaper, crypto currencies have risen in value, enabled decentralized global trade, but also endured market value fluctuation, theft, and use as tender for illegal transactions.



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