Luxoft Holding, Inc
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EQS-News: Luxoft Reveals Vision of Blockchain Empowered Mobility Services at
BMW Group IT Fair
Luxoft Reveals Vision of Blockchain Empowered Mobility Services at BMW Group
IT Fair
New York, 11/06/2018 / 07:01, EST/EDT - EQS Newswire - Luxoft Holding, Inc
(Regulated Unofficial Market in Berlin, Frankfurt, Stuttgart, Tradegate
Exchange; NYSE)
* Blockchain enables a seamless charging experience for shared electric
vehicles
MUNICH, GERMANY / ACCESSWIRE / November 6, 2018 / At this year's BMW Group
IT Fair in Munich, Luxoft Holding, Inc (NYSE: LXFT) revealed how carmakers
can enable a seamless charging experience for shared electric vehicles by
using blockchain.
"Carmakers are intertwining electric vehicles with car-sharing services.
However, electric cars are not well-suited to sharing as they need to be
constantly charged. This means someone may rent an electric car that is low
on battery, as it was left uncharged by the previous driver," said Vasiliy
Suvorov, Chief Technology Officer at Luxoft. "We've created a
blockchain-based design that leverages a combination of verifiable
credentials, distributed identities and business ready distributed ledgers
to solve this very complex problem for carmakers."
Luxoft has built a proof-of-concept that combines Corda and the Sovrin
Network to demonstrate how the technology will work by connecting members of
the electric car-sharing ecosystem. This combination of blockchain ledgers
means entities within the ecosystem only need to share information that's
needed to confirm a rental agreement and monitor a car's battery, within a
secure network that's suitable for large-scale business processes.
This combination of distributed ledgers manages identity and business
transactions, which integrates the multiple players and processes that
interact with electric car-sharing services into a single ecosystem.
Everyone from the car owner, mobility provider and charge ports are
connected so a mobility provider knows how much charge is needed for the
electric vehicles in its fleet and can sanction a transaction at the nearest
electric port so its cars can be easily charged.
For more information on this use-case, please contact Luxoft at
Press@Luxoft.com for a video of Vasiliy Suvorv's speech at the BMW Group IT
Fair.
About Luxoft
Luxoft (NYSE:LXFT) is a global IT service provider of innovative technology
solutions that delivers measurable business outcomes to multinational
companies. Its offerings encompass strategic consulting, custom software
development services, and digital solution engineering. Luxoft enables
companies to compete by leveraging its multi-industry expertise in the
financial services, automotive, communications, and healthcare & life
sciences sectors. Its managed delivery model is underpinned by a
highly-educated workforce, allowing the Company to continuously innovate
upwards on the technology stack to meet evolving digital challenges.
Luxoft has more than 12,700 staff across 42 cities in 21 countries within
five continents, with its operating headquarters office in Zug, Switzerland.
For more information, please visit www.luxoft.com.
Forward-Looking Statements
This news release of Luxoft Holding, Inc ("Luxoft") contains
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933,
and Section 21E of the Securities Exchange Act of 1934. These
forward-looking statements include information about possible or assumed
future results of our business and financial condition, as well as the
results of operations, liquidity, plans and objectives. In some cases, you
can identify forward-looking statements by terminology such as "believe,"
"may," "estimate," "continue," "anticipate," "intend," "should," "plan,"
"expect," "predict," "potential," or the negative of these terms or other
similar expressions. These statements are subject to, without limitation,
the risk factors discussed under the heading "Risk Factors" in Luxoft's
Annual Report on Form 20-F for the year ended March 31, 2018 and other
documents filed with or furnished to the Securities and Exchange Commission
by Luxoft. Except as required by law, Luxoft undertakes no obligation to
publicly update any forward-looking statements for any reason after the date
of this news release whether as a result of new information, future events
or otherwise.
Media Inquiries
Robert Maccabe
Director, Public Relations
t: +44 (0)20 3828 2346; m:+44 7950 517 836
Press@luxoft.com
Twitter: @Luxoft
Investor Inquiries
Tracy Krumme
Vice President, Investor Relations
212.964.9900 x2460
IR@luxoft.com
SOURCE: Luxoft
11/06/2018 EQS Newswire / EQS Group AG