Blockchain technology simplifies and speeds up processes, reduces risks, and increases transparency and trust between parties. The use of blockchain technology offers a clear impact to the profitability of companies in the automotive and logistics markets and will be a source of competitive advantage for those companies that can incorporate this technology throughout their organization.
For the automotive industry, the greatest potential for blockchain technologies lies in the areas of mobility, communication, and security. For the logistics industry, blockchain is a game-changer in terms of traceability, tracking, and smart contracts.
Included in this Intelligence Brief:
- The potential benefits of adopting blockchain
- Reasons why companies may be hesitant to adapt the technology
- Where blockchain can be implemented throughout automotive and logistics value chains
- Examples of blockchain technology providers
- Companies at the forefront of the trend of blockchain adoption within the automotive and logistics sectors
