Tesla's new master plan will involve more Bitcoin and blockchain technology

Elon Musk's new Tesla master plan will interact more with Bitcoin and blockchain technology.

Tesla: Micropayments are king

In a second master plan for Tesla's project released on Wednesday, Musk detailed the idea of ​​autonomous car sharing as one of his goals for massive future expansion.

"You'll be able to add your car to Tesla's shared fleet... and it will generate income for you while you're at work or on vacation," he wrote.

[…] This greatly reduces the true cost of owning a Tesla. Since the vast majority of car owners only use their cars 5-10% of the time each day, the base economic utility of a truly self-driving car will likely be many times that of a non-self-driving car.

He went on to write that the high price of renting or leasing a Tesla would be "largely offset" or even exceeded by adding the car to a shared fleet.

The potential of Bitcoin (financially) and blockchain (practical) in the field of autonomous driving is also often mentioned. Autonomous vehicles actually use a whole set of ecosystem tools to complete the blueprint, from safety features to automatic parking.

All of these services will be pay-as-you-go, depending on the route and needs of the passenger. Likewise, micropayments, such as crypto-currency micropayments, will also enter full swing.

Likewise, the immutable quasi-commonality of cars enabled by blockchain in shared fleets will enable everything to run smoothly with minimal human effort.

Vehicles will be smart assets, managed by smart contracts.

"Thus, a car key embedded in the Ethereum blockchain could be sold or rented according to the rules, enabling a whole new class of peer-to-peer car sharing," the Economist website wrote in October. "In addition, some are discussing using the technology to enable private ownership of self-driving cars."

Sharing is better than owning?

In this case, the word ‘ownership’ is not that important. Owners of shared smart assets will have priority convenience and efficiency compared to physical ownership alone.

It’s clear that Musk’s idea of ​​corporate-owned urban fleets where “demand outstrips the supply of customer-owned cars” is catching on with Uber — and that’s clearly a very different ownership scenario than was prevalent decades ago.

"When true self-driving is approved by regulators, it means you'll be able to use your Tesla almost anywhere," he continued. "When you get in your car, you'll be able to relax, read, or do anything else while you're on the road."