Use cases for Blockchain in the Automotive Sector

Use cases for Blockchain in the Automotive Sector


[Music] blockchain technology has a lot of applications outside of financial services and I think one of the great examples would be an automotive industry just to give you an example you know there is an alliance of technological alliance that is hosted by a Linux Foundation called hyper ledger so hyper ledger is very interesting because it has multiple projects that deal with platform technology enabling different types of you know blockchain designs again it’s good to understand that you know although Bitcoin pioneered and really advanced blockchain and make it made it popular as a payment application essentially you know kind of a digital gold if you Lille application obviously that’s the not the only design possible so there are now multiple alliances that are using the crypto concepts peer-to-peer networking concepts and distributed consensus algorithm concepts to create different types of design to cater to different types of industries now within that Alliance we’ve seen all kinds of different companies joining to the board of the Alliance to really drive the agenda that really drive the use case so that technologists like us can focus on catering to those use cases and of course one of the companies that recently joined hyper ledger alliance was Daimler and it was interesting to see what Daimler was was really looking for and what type of things they wanted to focus within the airlines and it turns out that you know starting from the supply chain in manufacturing all the way to the cars and payment use cases for tolls for other different types of services for parking they were interested in all these different use cases and they really saw the potential that blockchain can help them you know implement in the cars and it’s very interesting for us because you know because us as a company that we have a footprint in both industries a very strong footprint in both industries an automotive as well as financial services we see how these both worlds kind of converge along is you know of course with the insurance industry as well


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