Blockchain & the auto industry

srishiva · 29th April 2020, 12:47

Read this article on Economic Times.

62% of automotive executives think blockchain could be the next disruptive force in auto industry.

Some points:

Could be used to maintain and share data across auto business like car makers, fleet and insurance companies.

With electric cars, it might disaggregate the components and could help in tracking the same across supply chain.

Can be used to even track components to eradicate counterfeit parts.

Most of the changes are on the supply side and might bring efficiency

https://auto.economictimes.indiatime...ector/75419241

Thermodynamics · 29th April 2020, 14:29

Didn’t get the concept, could you please elaborate what this is all about and how would it disrupt auto industry.

Based on superficial reading, it looks like a supply chain optimization tool.

Miyata · 29th April 2020, 19:23

That looks like a copy/paste kinda article with some padding to it! I recall having read such things earlier, for instance -

https://www.ccn.com/62-of-auto-execs...ars-ibm-study/

Just like Thermodynamics mentioned, I too have trouble visualizing the nature of the disruption folks are talking about wrt blockchain adoption in automotive industry. It's understandable the transparency and traceability it brings about in the supply chain itself, but I do have a harder time translating some of the implications into "disruption."

One can understand some aspects of disruption coming in from EVs (technology); self-driving / autonomous; connected-ness of the vehicles; but yet to comprehend the effect of having an open/distributed database (blockchain) towards the said disruption.

29th April 2020, 12:47	#1
srishiva Senior - BHPian Join Date: Nov 2006 Location: Bengaluru Posts: 4,375 Thanked: 2,256 Times	Blockchain & the auto industry Read this article on Economic Times. 62% of automotive executives think blockchain could be the next disruptive force in auto industry. Some points: Could be used to maintain and share data across auto business like car makers, fleet and insurance companies. With electric cars, it might disaggregate the components and could help in tracking the same across supply chain. Can be used to even track components to eradicate counterfeit parts. Most of the changes are on the supply side and might bring efficiency https://auto.economictimes.indiatime...ector/75419241
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29th April 2020, 14:29	#2
Thermodynamics BHPian Join Date: Aug 2017 Location: Bengaluru Posts: 832 Thanked: 4,131 Times	re: Blockchain & the auto industry Didn’t get the concept, could you please elaborate what this is all about and how would it disrupt auto industry. Based on superficial reading, it looks like a supply chain optimization tool. Last edited by Thermodynamics : 29th April 2020 at 14:34.
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29th April 2020, 19:23	#3
Miyata BHPian Join Date: Sep 2018 Location: Bangalore Posts: 337 Thanked: 1,696 Times	re: Blockchain & the auto industry That looks like a copy/paste kinda article with some padding to it! I recall having read such things earlier, for instance - https://www.ccn.com/62-of-auto-execs...ars-ibm-study/ Just like Thermodynamics mentioned, I too have trouble visualizing the nature of the disruption folks are talking about wrt blockchain adoption in automotive industry. It's understandable the transparency and traceability it brings about in the supply chain itself, but I do have a harder time translating some of the implications into "disruption." One can understand some aspects of disruption coming in from EVs (technology); self-driving / autonomous; connected-ness of the vehicles; but yet to comprehend the effect of having an open/distributed database (blockchain) towards the said disruption. Last edited by Miyata : 29th April 2020 at 19:26.
	(1) Thanks