Article: Here’s How Blockchain Technology Stands to Revolutionize the Automotive Industry

Blockchain, Innovation

Blockchain Technology Stands to Revolutionize the Automotive IndustryHere’s How Blockchain Technology Stands to Revolutionize the Automotive Industry

For example, by making use of a decentralized ledger, car dealerships can automate a large number of their internal transactions — such as maintenance of car sales figures, service data, warranty claim processing, etc — thereby maximizing their profits as well as helping in the elimination of various intermediaries, middlemen from the equation.

By recording vehicle usage on a blockchain, any reductions in emissions can be verified, quantified, and associated directly with individual vehicles and drivers. This data can be directly linked with a vehicle’s UID and can be used to record and store all of a vehicle’s activities that can have an impact — both positive as well as negative — on the environment with the touch of a button.

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Article: Blockchain in Supply Chain is Regaining Prominence in 2021

Blockchain, Innovation

Blockchain in Supply Chain is Regaining Prominence in 2021

Regardless of the shift to digital, complicated, multi-party provide chains are nonetheless closely depending on paper-based transactions to deal with a number of handoffs as items make their manner from producers to warehouses to distributors to finish shoppers.

Blockchains present a method for quite a few events to agree on the contents of a shared ledger of transactions, which has the potential to convey huge efficiencies to this course of.

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Article: The Worldwide Blockchain IoT Industry is Expected to Reach $2.4 Billion by 2026

Blockchain, Innovation

The Worldwide Blockchain IoT Industry is Expected to Reach $2.4 Billion by 2026

The global blockchain IoT market size is projected to grow from USD 258 million in 2020 to USD 2,409 million by 2026, at a Compound Annual Growth Rate (CAGR) of 45.1% during the forecast period.

The growing need for IoT security, simplified processes supported with transparency and immutability, and high adoption of blockchain-based IoT solutions using smart contracts and AI is expected to surge demand for blockchain IoT market globally.

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