Blockchain can facilitate secure, traceable digital transactions in real time, bypassing traditional financial institutions in the process. It has the power to dramatically cut costs while increasing efficiency and cause disruption across all industries.
As a result, it is no surprise that carmakers are watching blockchain with interest, including making some selective investments in the space.
While blockchain has the power to upset the established order in its own right, it can be of even greater relevance when used with the Internet of Things (IoT), big data and artificial intelligence (AI).
When all three are linked to vehicles that are