automotive industry

JPMorgan Tests Blockchain Solution To Track Automobile Inventory

December 2, 2019
JPMorgan is testing a new blockchain solution that it would allow it to track auto dealer inventory. In this way, it would be possible for companies to avoid linking the same cars for different loans. The information was unveiled in a recent patent filed by the car financing arm. JPMorgan Develops Blockchain Solution For The

These Two Crypto Companies Are Trying To Put Up 10 Million Cars On The Blockchain!

March 4, 2019
We’ve heard of the wonderful strides blockchain technology has taken to enable industries worldwide opt for more  sustainable, scalable and transparent supply chain practices and now these efforts have seeped up over to the automotive industry as well. As per a report by Coindesk, two crypto based startups, The Fusion Foundation and the Automotive eXchange Platform

19th International Automobile Recycling Congress IARC 2019

March 1, 2019
Birrwil, February 28, 2019: The program has been decided, the congress guide printed and the final preparations are in full swing: this year’s International Automobile Recycling Congress IARC 2019 is beginning in just under three weeks – and the only thing missing is you! We hope you will be attending and we look forward to

Industry 4.0 Pilot Plant to Use Blockchain in Mechatronics

March 1, 2019
Italy is trying to boost its modernization and latest innovative technologies such as blockchain, cryptocurrency, smart contract, internet of things, artificial intelligence, machine learning and many others. Actually, the in-situ construction sites of the Bi-Rex competence center were officially opened in Bologna, the first ever public-private consortium of 8 planned in Italy by the Industry

BMW Mulling Using Vechain Thor Blockchain for Their “Verify Car” dApp

February 26, 2019
BMW in collaboration with  VeChain is working on launching a dApp that stores vital vehicle information on the blockchain The dApp is supposed to solve the problem of manipulated mileage Major partnerships head towards VeChain’s way VeChain Thor, a blockchain-based supply chain enhancement platform has joined hands with German car manufacturing giant BMW. According to

Germany opens a blockchain consultation process

February 20, 2019
Europe’s largest, and the world’s fourth-largest economy has opened a consultation process on the applications of blockchain technology. Germany intends on presenting a concrete strategy for the industry by the summer. As reported by Reuters, the government invited all stakeholders in the blockchain industry to table their recommendations for the way forward. Quoting government sources,

Revenue from blockchain in auto sector may grow to $120B by 2030

January 31, 2019
Marketing consultancy firm Simon-Kucher & Partners foresees blockchain in the automotive industry creating $120 billion in revenue by 2030. The figure was arrived at by a study conducted last October, which looked at people’s awareness of blockchain, possible uses of the technology for land vehicles, and respondents’ willingness to pay for prospective services. 48% expressed

How is the automotive industry embracing blockchain? Five key projects to follow

January 11, 2019
The automotive industry has been quick to enter the blockchain arena – here, we explore five key projects to follow; from in-house initiatives to new partnerships. While blockchain technology has typically been adopted by internet start-ups seeking to disrupt centralized platforms, perhaps one of the most tangible sectors to get a grip on blockchain is

Auto Block Launches Auto Coin For Buying & Selling Cars With Cryptocurrency

January 10, 2019
The Auto Coin, the only blockchain-based cryptocurrency designed specifically to cater for the automotive industry has been officially launched. This coin is giving cryptocurrency owners an opportunity to use their digital coins to pay for new vehicles using a secure and digital channel for the first time ever. This coin has been established to fill

Exploring Blockchain Technology Beyond Cryptocurrencies

December 28, 2018
The first and most dominant application of blockchain technology is cryptocurrency. However, this isn’t the only application of the technology. Blockchain technology can be used as an organizational tool. Even if it is still in its early stages, many organizations and people are already exploring the possible benefits of the technology. Recently, a survey conducted