Enterprise Blockchain Use Cases - Automotive Industry

Blockchain Dashboard - Automotive & Automobile

Comprehensive coverage of blockchain action taking place in the automotive and automobile industry. Blockchain Projects, use cases, consortia, enterprises involved, executive decision makers, and benefits of blockchain adoption.

Blockchain Use Cases

Enterprises from the Insurance Industry are demonstrating strong confidence in the blockchain technology. Currently, these enterprises are testing this technology for more than 20 different use cases, some of which include, captive insurance management, marine insurance management, bancassurance, flight-delay insurance, premium payments, and motor insurance claims settlement, among others.

There are more than 30 enterprise blockchain projects underway across the globe. The adoption is well-spread among different categories – Auto OEMs, Auto component manufacturers, regulators, and other ecosystem stakeholders.

Blockchain Projects

Countries where Blockchain Projects are Underway

The adoption of this technology within the automotive industry is well-spread across various geographic regions. The companies from Europe seem more proactive, with ~60% of the projects underway in European countries.

These projects are being executed by a mix of large system integrators, specialist blockchain vendors, consulting companies and in-house research teams. There is no clear template for engaging blockchain vendors yet, and different enterprises are using different combinations of Blockchain-as-a-Service (BaaS) providers, customized application developers, distributed application platforms (dApps), and in-house IT teams.

Blockchain Technology and Consulting Vendors

Enterprises Involved in Blockchain Projects

More than 80 enterprises, government organizations, and regulators have come forward to test this new technology. Some of the key industry stakeholders involved in these projects include auto OEMs, auto component manufacturers, insurance companies, government agencies and regulators.

These enterprise blockchain projects are helmed by senior executives that include a combination of business and technology decision-makers from enterprises as well as technology and consulting solution providers. Some of these executives include CEOs and Deputy CEOs, EVPs, CFOs, CIOs, Chief Digital Officers,  Managing Directors, Presidents, and Consulting Partners, among others.

Senior Decision Makers

Blockchain Consortia

The urgency for blockchain adoption, within the automotive industry can also be underlined by the fact that two industry consortia have already been formed by industry participants. The formation of consortia will lead to faster and wider implementation of the use cases.

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