In Automotive World, Guidehouse Insights explains how new innovations and business models will transform mobility
Originally developed to support cryptocurrencies and financial services, blockchain has spread across a range of industries that stand to benefit from data authentication and automated business processes.
“If vehicles are the hardware platform for mobility services, blockchain technology is a contender to become the software platform that makes those services possible”, de Villier wrote. “It can ensure the authenticity of underlying data and execute low friction automated payments and transactions.”
With interest growing in the transportation, industry giants like Daimler, Jaguar Land Rover, BMW, Honda, Ford, and many start-ups have launched blockchain pilots or partnerships.