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Blockchain in the automotive industry 2018-2023

Executive summary

Blockchain in the automotive industry 2018-2023

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Blockchain in the automotive industry 2018-2023

Table of contents

Definition of Blockchain and the technologies
around it

  • Definition
    • How the Blockchain works
    • Public and private blockchains
  • Smart Contract
  • Distributed ledgers/decentralized database

Drivers and Challenges

Drivers :

  • Transparency and security :
    • The recording of data
    • Financial transactions
    • Software updates for cars
  • Reduced cost :
    • Lower insurance premiums
    • Shared cars
    • Fully autonomous cars
  • Faster transactions :
    • Automatic payments

Challenges :

  • Regulatory status :
    • Conflict of jurisdiction
    • Different laws depending on the country and/or the state
  • Security, privacy and control :
    • The protection of data and the right to be forgotten
    • 51% attack
  • Slow adoption rate
    • The immutability of the Blockchain
    • Late interest and adoption

Market forecast

Global Blockchain market

  • Percentage of companies using blockchain technology in 2020
  • Global Blockchain market size 2018-2023

Automotive industry

  • Market share of the automotive industry 2018-2023
  • Number of connected cars in 2016 and 2023

Mapping of companies and organization
Blockchain in the automotive industry
Key players

List of figures and sources