British Automated-Vehicle Security Token (AUTO) Hits First Set of Exchanges
Originally published on: CoinSpeaker
Read the original article
March 29, 2018
AUTO is the trade name for the token currency upon which the CUBE platform is built. It is essentially a blockchain-based technological solution to the increasing risks that the exponentially growing ‘automated vehicle’ sector, more commonly known as ‘self-driving cars’, faces.
The coin has attracted interest from top digital asset exchanges, in addition to gaining a considerable community favor. Furthermore, the ICO, which ended way back in February of this year, quickly achieved its funding targets.
Whilst many exchanges appear to follow the bandwagons after they have started to present viscerally obvious buy signals; there are some unique examples which use their advanced skills in order to identify such tokens ahead of the pack. Exchanges (such as OKEx) are favoured by expert traders, who have become reliant upon them to make early investments at the most profitable opportunities.
This is due in part to their reputation for regularly identifying and listing (ahead of most competitors) promising new coins, now it’s CUBE (AUTO), before they have reached their maximum value potential.
What is AUTO, and the CUBE Platform?
Importantly, CUBE originated in Britain, the county, which has recently proven itself to sit amongst the progenitors of active political discussion and implementation regarding ‘automated’ transportation technology cybersecurity laws. The platform is designed for protecting network security of existing automobiles and autonomous vehicles with blockchain technology.
Likewise, the pioneers behind the CUBE platform are considered to be some of the most advanced contributors to the field of automated vehicle safety. The contributions are achieved through using advanced deep-learning AI systems and quantum hash cryptography.
Those contributing to automated vehicle safety find themselves in a similar position to anti-virus software providers over the years. Automated vehicles, much like all emerging and potentially exposed technologies, are in what could be considered a security-oriented ‘arms race’, in which the protectors need to remain several steps ahead of potential attackers.
To combat this ever-increasing risk of attack, the CUBE team have implemented advanced deep-learning AI systems and quantum hash cryptography. When studying some of the solutions offered by the platform, a simplified illustrative comparison can be made to PGP encryption. Data exchange is protected by utilizing a combination of public and private key encryption.
A Self-Driven Cyberwar
When it comes to automated (or any form of) transport, the first and foremost concern should be the safety of the passengers. These risks should not be taken lightly, as doing so utters threats of personal injury or worse.
The process of driving a car involves a variety of unique cognitive and physical reactionary skills, including spatial perception, and quick decision-making, based on a combination of instinct and experience.
To emulate these essential qualities of a human driver, automated driving systems must utilize sensory hardware implemented within the vehicle itself. This hardware is guided by data processing and analytical systems which interface with internet resources and real-time information providers.
However, the inherent requirement to send and receive transmissions externally leaves the vehicle susceptible to attack from outside parties. Furthermore, as the system is interconnected, attackers would have access to every aspect of the car’s computer directed controls – including the brakes and engine.
Internet of Thieves
Due to the emergence of something called the ‘IOT’ (Internet of Things), the threats posed by malicious actors to these technologically advanced vehicular solutions extend further than one might think.
‘Internet of Things’ refers to interconnectivity between various every-day objects and services, which, according to several figures, is the future of data-driven electro-mechanical products and utility development. To achieve this vision of the future, smart-computers would be implemented in many devices to increase user efficiency and statistical analysis.
The progenitors of self-driven automobiles appear to be no different in holding this belief.
In the case of hackers, this means that the successful exposure of a potential security flaw would result in the perpetrator having access to all the user’s linked personal and private data from a variety of interrelated resources, such as GPS saved addresses, or credit card information.
AUTO, the token, which empowers blockchain-based CUBE platform apply deep learning, and quantum hash technology to secure autonomous cars, launched on OKEx began on Feb 28 of this year and listing pairs available at the time of writing include: AUTO/BTC, AUTO/ETH, AUTO/USDT. The total available supply of the coin is 7.2 bln AUTO.