Blockchain Technology to Revolutionize the Automotive Industry

Research and Markets has announced the addition of a new report. ‘Blockchain Technology Revolutionizing Automotive Industry’ provides an in-depth analysis of the automotive key functional areas such as smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT, that can use blockchain technology. Blockchain is expected to disrupt the automotive industry and create growth opportunities, monetization avenues, and facilitate digital transformation.

Using blockchain will provide transparency, eliminate of third parties, reduce costs, allow micro-payments, enable cryptographic security, and immutability are the key benefits of blockchain solutions. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions; however, healthcare, insurance, networking, and transportation are some of the other sectors focusing on blockchain.

 

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