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3/9/2023
9/3/2023
2023/03/09
by Soonin Chung Professional Researcher, Vehicle component Solutions Company, LG Electronics
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Have you ever used a drive-through, which is spreading across fast food and coffee chains? We use our cards and phones to make payments at drive-throughs, but now, a simpler and faster mode of payment without phone and card is emerging — payment via biometric recognition.
Car-pay, which uses Post-Quantum Cryptography (PQC) technology, was showcased by LG Electronics and LG U+ at CES 2023 held in Las Vegas, US.
When using Car Pay technology, the driver's personal information or payment information is transmitted to the outside of the car. The payment system of a drive-through store or the toll payment system is considered as outside the car. In other words, it is a system where the payment for the person inside the car takes place outside of the car. In order to protect the personal information of the driver or the payment information, only the information allowed by the driver is transferred and is inaccessible to other people. That is due to the sensitive nature of the information. However, speed is as important as safety. Because people are less likely to use a slow and sluggish feature.
The Car Pay technology that LG Electronics and LG U+ showcased at CES 2023, is secure and fast. This technology utilizes quantum computing to prevent hacking, protects the information of the passengers, and facilitates payment
If Car Pay technology is applied to automotive electrical equipment AVN (Audio, Video, Navigation), we will be able to do everything with the help of a car. Since everything is possible inside a car, ranging from entertainment, information management, vehicle management and shopping, etc.
Needless to say, the Car Pay technology’s use will not just be limited to payments. In the long run, it is a feature that is necessary for connected cars. Post-Quantum Cryptography (PQC) technology, used in Car Pay, is required by connected cars for exchanging information between the car and the outside, such as the automobile’s speed, external temperature, and hurdles in traffic, etc. Car Pay technology, which safely and quickly exchanges information, will also be widely used for over-the-air (OTA) updates and vehicle-to-vehicle wireless communication service, V2X.
For extensive development of this technology, the electronic component solution business LG Electronics LG Vehicle component Solutions (VS) Company, quantum computing exclusive communication network LG U+, and cryptography specialized enterprise CryptoLab, entered a business agreement. This agreement was made to advance in the area of connected car cyber security technology. We will continue to provide you with amazing experiences through LG Electronics' Vehicle component Solutions that will change more diversely and extensively.