Importance of Having Accurate Data in the Motorsport
In Formula 1, data is king. Every racing team, like McLaren, gathers massive amounts of telemetry during each race, including the speed, tire degradation, fuel consumption rates, the drag coefficient of the car, and the performance of its drivers. This data has to be preprocessed, sorted and transferred instantly in order to make choices during a race that requires mere milliseconds.
But the problems are enormous in scale. Hierarchical data systems are said to be more vulnerable to errors, delays, or even a cyber-attack. However, it is with blockchain that we find the most adequate solution as it is decentralized and very secure.
How McLaren Uses Block Chain?
In this way, McLaren is trying to apply blockchain technology to better organize and analyze race statistics. Here’s how blockchain is transforming its operations:
Blockchain enables the reliable and instantaneous sharing of telemetry information between the vehicle and the team on the pit. With the help of a decentralized network, the team is able to work with actual time data without fear of the information being lost or changed.
Forbes has noted that through the help of blockchain, McLaren was able to deal more easily with large data sets and make its decisions quicker during races.
Data Security
Motor racing data is sensitive because rivals are bound to make good use of it. The cryptographic features of blockchain mean that McLaren’s data is immutable and can only be accessed with permission. This has actually added immense value in improving the team’s security.
Data avoiding compromise or mishandling, permanent record of data
Blockchain provides a secure, transparent, and irreversible ledger book, where every data transaction will be recorded. This is especially handy when the race is over, and engineers analyze pretty much everything about the car. McLaren can ensure that all the data points are accurate and where they are coming from through the help of blockchain.
In addition to race operations, McLaren has also incorporated blockchain for purpose of engaging its fans. The team released more Palisade Fi collections, enabling fans to own digital tokens associated with memorable events in McLaren’s past. As mentioned earlier based on the information from Coin Desk, this particular campaign has been warmly embraced by motorsport.
The good news is that McLaren’s involvement in the use of blockchain technology is opening more doors to its application within the motorsport industry. Other teams would be expected to replicate the same act as a result of perceiving such benefits in aspects such as data accuracy, security, and operation. Superimposing that, blockchain could also help in tracking supply chains and verifying the genuine articles of the luxurious supercar parts.
