Blockchain use cases

Automotive

Automotive

Automotive blockchain market is projected to grow from USD o.35 billion in 2020 to USD 5.29 billion by 2030, at a CAGR of 31.19% during the forecast period. Increasing focus on reducing manipulation of data, better quality control, and the need for faster business transactions have triggered the growth of automotive blockchain market.

Dealers will receive correctly finished and assembled parts from automakers, without any inconsistency or loss of quality. With the aid of blockchain smart contracts, dealers can ensure that the entire process of inventory, part orders, and component receipts can be tracked more precisely.

UseCases

Security

The autonomous car market is projected to be the largest market in the world. However, the number of companies that develop autonomous cars is limited by the number of hands. The reason for this is that it is possible when it comes to the many available technologies such as Lidar, Radar, high-precision GPS, stereo and top cameras, and high-precision mapping. Blockchain has helped us to develop autonomous vehicles with its own technology in these markets, and is developing various other autonomous vehicle technologies.

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Problem

The autonomous car market is projected to be the largest market in the world. However, the number of companies that develop autonomous cars is limited by the number of hands. The reason for this is that it is possible when it comes to the many available technologies such as Lidar, Radar, high-precision GPS, stereo and top cameras, and high-precision mapping. Blockchain has helped us to develop autonomous vehicles with its own technology in these markets, and is developing various other autonomous vehicle technologies.

Solution

Blockchain can help us develop a technique to block malicious attacks on hacking for autonomous cars and connected cars using hash codes that form the core of blockchain technology and blockchains.
We can gather real-time mobility and emissions data, which will be recorded on our blockchain to ensure trust. Dynamic control features will allow for granular control of one’s data, and smart contracts will enforce the transaction whereby the data is offered in exchange for tokens. In this way, we can create a functioning marketplace for mobility data, which can then be used by authorities and enterprises alike.

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UseCases

Distribution

Facing high volumes and increasingly complex products, warranty management has become a crucial factor the automotive sector, causing high saving potential in warranty recovery. 

End-to-end transparency with up-to-date production information is essential for the efficient handling of complaints during the warranty period and is an indispensable part of the daily business process. Quality engineers not only need 8D reports for complete fault analysis, but are also dependent on various information from various sources, such as:

  • End-of-line test data of the defective components
  • MES data from the production plant
  • Quality documents from global development centers
  • Quality assurance contracts agreed with the supplier

Only after checking the target state of the defective component, it is possible to define effective shutdown measures and implement them in production. However, the information required for this is usually requested manually in personal contact and the provision of this information can take several days under certain circumstances. The longer it takes to obtain data, the more inefficient the entire process of complaint handling and the decision on corrective action in series production. Likewise, potential reclaims to suppliers are delayed and additional costs are incurred.

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Problem

Facing high volumes and increasingly complex products, warranty management has become a crucial factor the automotive sector, causing high saving potential in warranty recovery. 

End-to-end transparency with up-to-date production information is essential for the efficient handling of complaints during the warranty period and is an indispensable part of the daily business process. Quality engineers not only need 8D reports for complete fault analysis, but are also dependent on various information from various sources, such as:

  • End-of-line test data of the defective components
  • MES data from the production plant
  • Quality documents from global development centers
  • Quality assurance contracts agreed with the supplier

Only after checking the target state of the defective component, it is possible to define effective shutdown measures and implement them in production. However, the information required for this is usually requested manually in personal contact and the provision of this information can take several days under certain circumstances. The longer it takes to obtain data, the more inefficient the entire process of complaint handling and the decision on corrective action in series production. Likewise, potential reclaims to suppliers are delayed and additional costs are incurred.

Solution

Blockchain enables direct access to data through a register technology with cryptographic access protection.

The register is accessible only to holders of the required keys. Each data owner grants individual access to potential data recipients. Each access request and each data transfer carried out is recorded and documented in an unalterable way.

The person investigating a complaint has real-time access to metadata. Upon request, the complete data sets still held by the data owner are transferred to the requesting party.

Increase the efficiency of your warranty management with the block chain based services.

For OEMs:

  • Real-time access to relevant internal and external data – in minutes
  • Increasing the efficiency of every complaint processing and subsequent evaluation both internally and externally
  • No communication barriers between departments
  • Transparency and traceability of every single complaint leads to an excellent quality history

For Suppliers:

  • Reduction of manual effort for answering customer enquiries and providing data
  • Time-stamped, digital fingerprint of product and test data
  • Fixing all rules of data access for your customers
  • Unchangeable records of all data transfers
  • Automate data access to your own suppliers for full traceability and transport
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