IBM Reports On Blockchain's Automotive Industry Impact
2018年12月14日 - 3:34AM
ADVFN Crypto NewsWire
Bitcoin Global News (BGN)
December 13, 2018 -- One of the world’s leaders in blockchain
technology development has continually been IBM throughout almost
every aspect of the industry. IBM was one of the first global
companies to create and utilize an in-house stablecoin for payment
settlements. They have provided major funding to blockchain
educational programs, and have lead several focused industry groups
toward building blockchain ecosystems, such as their partnership
with global shipping leader Maersk with the TradeLens
platform.
In their most recent report related
to blockchain technology and cryptocurrencies, IBM examined the
impact the technology is having on the current automotive industry,
as well as the possibilities for the future as the technology
develops further. Vehicles produced today are host to many of the
capabilities that consumers only had at their disposal while at
home only several years ago. With incorporated mobile devices, cars
can perform a multitude of tasks in conjunction with the goals of
the driver, and this is paving the way for completely driverless
cars as well.
Where does Blockchain
fit?
The research addresses three main
subjects using private research, and surveys from a group of
executives from the automotive industry.
-
Blockchain’s expected impact on
automotive business models and functional areas
-
How automotive first movers are
leveraging blockchain today
-
Recommended actions for seizing
blockchain opportunities in automotive
The group consisted of an equally
distributed group of executives in the automotive industry from 10
countries and 10 departments within each company. The countries
included China, India, Germany, UK, Japan, Brazil, S. Korea,
Mexico, United States and France. The departments of each company
included IT, Marketing, Finance, Sales, Research/Engineering,
Aftersales, Manufacturing Connected Vehicles, Supply Chain and
Mobility Services. The survey highlighted the already growing
presence of blockchain for their companies.
-
62% of surveyed executives say
blockchain will be a disruptive force in the automotive industry
within three years
-
54% of surveyed executives expect
new business models to influence investments in
blockchain
-
54% of Auto Pioneers will implement
their first commercial blockchain network at scale within the next
three years
Three Major
Fixes
IBM’s research was able to pin down
three of the most pressing issues of the automotive industry that
blockchain technology will help provide solutions for.
-
Imperfect information - Logistics
participants in the transaction don’t have access to the same
information. Too often, information may also be incorrect or
inconsistent, leading to bad decisions or transport delays during
reconciliation.
-
Information risks - Technological
risks to information, from hacking to cybercrime and privacy
concerns, are on the rise. These incur growing costs, as well as
damage brand reputations.
-
Inaccessible information - The
potential value of abundant data and information greatly
constrained by the technical challenges of storing, processing,
sharing and analyzing it. Also, some information still exists in
manual form. As a result, much of it is not collected or remains
inaccessible.
https://public.dhe.ibm.com/common/ssi/ecm/29/en/29022329usen/29022329usen-00_29022329USEN.pdf
By: BGN Editorial Staff
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