Wednesday, March 21, 2018

Cryptocurrency startup claims BMW partnership, but BMW disagrees


Fledgling cryptocurrency startup carVertical made waves after announcing last week that the company had struck a partnership with BMW that would see the two parties build the “first ever connected reports for cars.” But it appears the company might have misrepresented its relationship with the German automobile titan after all. BMW has taken to Twitter to clarify that it currently has no formal partnership with carVertical. It further claimed the cryptocurrency startup – which aims to build a decentralized car history registry on the blockchain – is merely “using” the BMW CarData interface “available to any third party.” Seen from…

This story continues at The Next Web

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