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Daring to be first: how auto pioneers are taking the plunge into blockchain

White Paper Published By: Group M_IBM Q119
Group M_IBM Q119
Published:  Feb 25, 2019
Type:  White Paper
Length:  24 pages

The advantages blockchain can bring to the automotive ecosystem, both in facilitating collaboration among participants and enabling capabilities for new mobility business models, have gotten the attention of automotive executives. In addition to enabling a single source of data, blockchain can facilitate device-to-device transactions, smart contracts, and real-time processing and settlement. For the automotive industry, this translates into improvements and operational efficiencies in areas such as supply chain transparency, financial transactions between ecosystem participants, authenticating access to cars, and customer experience and loyalty.



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