Blockchain Use Cases and Business Models Transforming the Automotive Industry
Blockchain Use Cases and Business Models Transforming the Automotive Industry
Supply Chain to CASE Will Unwind New Revenue Models by Leveraging Secured Solutions
24-Dec-2020
North America
Description
The aim of this research study is to give an overview of blockchain solutions, key use cases, and applications adopted in the automotive industry. The study focuses on the strategies that original equipment manufacturers adopt, the business models they use, key vendors, and core features. In the connected, autonomous, shared, and electric (CASE) era, blockchain scalability that does not compromise security is a key challenge preventing its widespread adoption in the automotive industry.
Blockchain-based start-ups and global companies were primarily focusing on proofs of Concept and projects in the financial sector. Frost & Sullivan analysis indicates that blockchain technology will reshape the insurance, automotive, healthcare, and logistics industries with innovative projects by 2025. Technology companies and start-ups focusing on blockchain technology are building the infrastructure to advance the complex implications of the technology: industrial applications, smart cities, data markets, fintech, banking, information privacy, encrypted communications, gaming, and supply chain.
The automotive industry will pilot parts traceability, supply chain visibility, contract management, in-vehicle payments, ownership/identity management, and data monetization blockchain projects by 2022. Considering data monetization, automotive companies should lay down aggressive roadmaps for the development of futuristic data management strategies (including what level of data needs to be collected, how data labeling will happen, and what the level of scaling in future will be) and accordingly set up an ecosystem for storage, processing, and service delivery. Automotive firms can leverage deeper insights from generated data and create compelling use cases for connected and autonomous vehicles. Tokenization will develop new business models across supply chains; rewards, asset maintenance, and data monetization are examples. The ability to reassess and revamp business models and align an organization with a service-oriented model will be a critical success factor.
Author: Sriram Venkatraman
RESEARCH: INFOGRAPHIC
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Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top Three Strategic Imperatives 8™ on the Automotive Blockchain Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Definitions of Key Terms
Definitions of Key Terms (continued)
Blockchain Terminology
Blockchain Properties
Key Findings
Blockchain—Industry Adoption vs Revenue Share
Blockchain Investment Analysis
Blockchain Use Cases across Industries
Growth Restraints and Industry Adoption
In-Vehicle Retail Activity
Blockchain’s Role in Automotive Cybersecurity
Automotive Blockchain Ecosystem
OEM Engagements with Blockchain Companies
Token-based Business Model
Automotive Blockchain: Current vs Future
Research Scope
Research Aims and Objectives
Research Methodology
Automotive Blockchain Proofs of Concept
Automotive Blockchain Focus Areas
Automotive Blockchain Use Cases and Companies
Product Identity Using Blockchain
Automotive Blockchain Vehicle Identity Standard
Automotive Blockchain VID
Automotive Tokenization
Futuristic Cryptographic Token-based Ecosystem
Cryptographic Token-based Ecosystem in Transportation
Cryptographic Token-based Ecosystem in Transportation (continued)
Enterprise Solutions Based on VeChain Toolchain
Enterprise Solution Technology Stack
SHIFTMobility Automotive Platform
SHIFTMobility Solutions
Car Wallet Solution to Secure Financial and Data Transactions
Cube Token Usage Plan
OEM Engagements with Blockchain Companies
OEM Engagements with Blockchain Companies (continued)
Toyota’s Blockchain Endeavors
BMW and VeChain Digital Vehicle Passport
MB and Icertis Collaboration: Sustainability
MB and Icertis: Contractual Compliance Dashboard
Blockchain Transformation in Automotive Ecosystem, 2020
Automotive Blockchain: Drivers and Strategic Imperatives
Growth Opportunity 1: Blockchain Solution for Automotive
Growth Opportunity 1: Blockchain Solution for Automotive (continued)
Conclusions and Future Outlook
List of Exhibits
Legal Disclaimer
Popular Topics
No Index | No |
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Podcast | No |
Author | Sriram Venkatraman |
Industries | Automotive |
WIP Number | K59B-01-00-00-00 |
Is Prebook | No |
GPS Codes | 9800-A6,9807-A6,9813-A6,9AF7-A6,9A70-A6,9AF6-A6 |