Blockchain Technology Revolutionizing Automotive Industry

Blockchain Technology Revolutionizing Automotive Industry

Automotive Ecosystem Participants to Spend ~0.6% of their Total IT Spend on Blockchain by 2025

RELEASE DATE
31-Mar-2017
REGION
North America
Research Code: K13A-01-00-00-00
SKU: AU01464-NA-MR_19857
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Description

Scope of the Study

Blockchain was conceptualized by Satoshi Nakamoto. Blockchains are a new data structure in which data is replicated at every node on the network to create permanence and resilience. There are ~600+ digital currencies and ~70+ digital assets built on platforms such as Ethereum and Counterparty. The Blockchain ecosystem includes exchanges, wallet providers, payment service providers, blockchain platform providers, consortiums such as R3 CEV.

Blockchain works on decentralized platforms. Transparency, elimination of third parties, cost reduction, micro-payments, cryptographic security, and immutability are the key benefits of blockchain solutions. Blockchain is expected to be one of the key pillars of digitization across various industrial verticals. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions. Healthcare, insurance, networking, and transportation are some of the other sectors focusing on blockchain. The study provides an in-depth analysis of the automotive key functional areas (such as smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT) that can use blockchain technology. Blockchain will disrupt the automotive industry and will create growth opportunities, monetization avenues, and facilitate digital transformation.

This research study includes the following segments:
Scope: The aim of this study is to research and analyze the implications of blockchain technology for the automotive industry. This study identifies various automotive key functional areas that can be leveraged using blockchain technology and their growth potential.
Covered Automotive Key Functional Areas: Smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT
Geographic scope: Global


Objectives of this Study:
•     To provide an overview of the blockchain technology across various industry verticals
•     To provide an in-depth analysis of the automotive key functional areas that can use blockchain technology
•     To furnish a detailed analysis of the blockchain penetration rate for the automotive industry
•     To identify the blockchain growth opportunities and companies to action pertaining to the automotive industry


Key Questions Answered:
•     What are the various industries disrupted by blockchain technology?
•     How does the blockchain technology revolutionize the automotive industry?
•     What are the various use cases that blockchain technology can support in the automotive industry?
•     Who are all the key participants involved and what is the future outlook for blockchain technology in the automotive industry?

Table of Contents

Blockchain Technology in Automotive Industry—Top 5 Insights

Insight 1—Key Trends in Blockchain Technology

Insight 2—Blockchain Influencing and Challenging Factors

Insight 3—Automotive Ecosystem Participants’ Initiatives on Blockchain

Insight 4—Automotive OEMs Spending on Blockchain Technology

Insight 5—Automotive Key Functional Areas and Blockchain Platforms

Executive Summary—Comparison of 2016 and 2025

Research Scope

Research Aim and Objectives

Research Background

Research Methodology

Definitions

Blockchain—Definition and Properties

Blockchain—Overview of Transaction Flow

Common Blockchain Terminologies

Types of Digital Currencies

Types of Applications Based on Blockchain Technology

Blockchain Technology and Disrupted Industry Verticals

Blockchain Usage Across Industry Verticals

Key Investment Areas in Blockchain Ecosystems

Blockchain—Ecosystem Participants

Blockchain Platforms for Smart Manufacturing

Blockchain Platforms for Supply Chain Logistics

Blockchain Platforms for Car Retailing and Leasing

Blockchain Platforms for Connected Living and IoT

Blockchain Platforms for Mobility Solution

Blockchain Penetration—Automotive Key Functional Areas

5 Major Growth Opportunities in Automotive Industry

Blockchain Startup—Disruptive Companies

Strategic Imperatives of Blockchain for Automotive Industry

Bitcoin

Ethereum

Hyperledger (a Linux Foundation Collaborative Project)

RSK Labs

Consensus Systems/ConsenSys

Project Provenance Ltd/Provenance

Productive Edge LLC

Reply

Technology Companies Blockchain Platform—Overview

Key Conclusion

Blockchain Technology in Automotive Industry—Future Outlook

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

Table of Acronyms Used

List of Figures
  • 1. Blockchain Technology Revolutionizing Automotive Industry: Current Vs Future, Global, 2016 and 2025
  • 2. Blockchain Technology Revolutionizing Automotive Industry: List of Key Participants, Global, 2015
List of Charts
  • 1. Blockchain Technology Revolutionizing Automotive Industry: Top 5 Insights, Global, 2015–2025
  • 2. Blockchain Technology Revolutionizing Automotive Industry: Insight 1, Global, 2012–2016
  • 3. Blockchain Technology Revolutionizing Automotive Industry: Insight 2, Global, 2015–2025
  • 4. Blockchain Technology Revolutionizing Automotive Industry: Insight 3, Global, 2015–2025
  • 5. Blockchain Technology Revolutionizing Automotive Industry: Insight 4, Global, 2015–2025
  • 6. Automotive Industry IT Spending: Technology Investments, Global, 2015 and 2025
  • 7. Automotive Industry IT Spending: Blockchain Investments, Global, 2015 and 2025
  • 8. Blockchain Technology Revolutionizing Automotive Industry: Insight 5, Global, 2015–2025
  • 9. Blockchain Technology Revolutionizing Automotive Industry: Definition, Global, 2015
  • 10. Blockchain Technology Revolutionizing Automotive Industry: Transaction Overview, Global, 2015–2025
  • 11. Blockchain Technology Revolutionizing Automotive Industry: Terminologies, Global, 2015–2025
  • 12. Blockchain Technology Revolutionizing Automotive Industry: Digital Currencies, Global, 2017
  • 13. Blockchain Technology Revolutionizing Automotive Industry: Blockchain Applications, Global, 2015–2025
  • 14. Blockchain Technology Revolutionizing Automotive Industry: Industry Verticals, Global, 2015–2025
  • 15. Blockchain Technology Revolutionizing Automotive Industry: Industry Verticals, Global, 2015–2025
  • 16. Blockchain Technology Revolutionizing Automotive Industry: Investment Areas, Global, 2012–2016
  • 17. Blockchain Technology Revolutionizing Automotive Industry: Blockchain Ecosystem, Global, 2015–2025
  • 18. Blockchain Technology Revolutionizing Automotive Industry: Smart Manufacturing, Global, 2015–2025
  • 19. Blockchain Technology Revolutionizing Automotive Industry: Supply Chain Logistics, Global, 2015–2025
  • 20. Blockchain Technology Revolutionizing Automotive Industry: Car Retailing and Leasing, Global, 2015–2025
  • 21. Blockchain Technology Revolutionizing Automotive Industry: Connected Living and IoT, Global, 2015–2025
  • 22. Blockchain Technology Revolutionizing Automotive Industry: Mobility Solution, Global, 2015–2025
  • 23. Blockchain Technology Revolutionizing Automotive Industry: Penetration Rate of Blockchain Technology for Automotive Key Functional Areas, Global, 2015 and 2025
  • 24. Blockchain Technology Revolutionizing Automotive Industry: Growth Opportunities, Global, 2015–2025
  • 25. Blockchain Technology Revolutionizing Automotive Industry: Disruptive Companies, Global, 2015–2025
  • 26. Blockchain Technology Revolutionizing Automotive Industry: Strategic Imperatives, Global, 2015–2025
  • 27. Blockchain Technology Revolutionizing Automotive Industry: Bitcoin, Global, 2015
  • 28. Blockchain Technology Revolutionizing Automotive Industry: Ethereum, Global, 2015
  • 29. Blockchain Technology Revolutionizing Automotive Industry: Hyperledger, Global, 2015
  • 30. Blockchain Technology Revolutionizing Automotive Industry: RSK Labs, Global, 2015
  • 31. Blockchain Technology Revolutionizing Automotive Industry: ConcenSys, Global, 2015
  • 32. Blockchain Technology Revolutionizing Automotive Industry: Provenance, Global, 2015
  • 33. Blockchain Technology Revolutionizing Automotive Industry: Productive Edge LLC, Global, 2015
  • 34. Blockchain Technology Revolutionizing Automotive Industry: Reply, Global, 2015
  • 35. Blockchain Technology Revolutionizing Automotive Industry: Technology Companies, Global, 2015–2025
  • 36. Blockchain Technology Revolutionizing Automotive Industry: Conclusion, Global, 2015–2025
  • 37. Blockchain Technology Revolutionizing Automotive Industry: Future Outlook, Global, 2015–2025
Listen to Key Data Points
Related Research
Scope of the Study Blockchain was conceptualized by Satoshi Nakamoto. Blockchains are a new data structure in which data is replicated at every node on the network to create permanence and resilience. There are ~600+ digital currencies and ~70+ digital assets built on platforms such as Ethereum and Counterparty. The Blockchain ecosystem includes exchanges, wallet providers, payment service providers, blockchain platform providers, consortiums such as R3 CEV. Blockchain works on decentralized platforms. Transparency, elimination of third parties, cost reduction, micro-payments, cryptographic security, and immutability are the key benefits of blockchain solutions. Blockchain is expected to be one of the key pillars of digitization across various industrial verticals. The financial sector is the pioneer in exploring and adopting blockchain solutions for smart transactions. Healthcare, insurance, networking, and transportation are some of the other sectors focusing on blockchain. The study provides an in-depth analysis of the automotive key functional areas (such as smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT) that can use blockchain technology. Blockchain will disrupt the automotive industry and will create growth opportunities, monetization avenues, and facilitate digital transformation. This research study includes the following segments: Scope: The aim of this study is to research and analyze the implications of blockchain technology for the automotive industry. This study identifies various automotive key functional areas that can be leveraged using blockchain technology and their growth potential. Covered Automotive Key Functional Areas: Smart manufacturing, supply chain logistics, retailing and leasing, mobility, connected living, and IoT Geographic scope: Global Objectives of this Study: • To provide an overview of the blockchain technology across various industry verticals • To provide an in-dep
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Table of Contents | Executive Summary~ || Blockchain Technology in Automotive Industry—Top 5 Insights~ || Insight 1—Key Trends in Blockchain Technology~ || Insight 2—Blockchain Influencing and Challenging Factors~ || Insight 3—Automotive Ecosystem Participants’ Initiatives on Blockchain~ || Insight 4—Automotive OEMs Spending on Blockchain Technology~ || Insight 5—Automotive Key Functional Areas and Blockchain Platforms~ || Executive Summary—Comparison of 2016 and 2025~ | Research Scope, Objectives, Background, and Methodology~ || Research Scope~ || Research Aim and Objectives~ || Research Background~ || Research Methodology~ | Definitions and Segmentation~ || Definitions~ || Blockchain—Definition and Properties~ || Blockchain—Overview of Transaction Flow~ || Common Blockchain Terminologies~ || Types of Digital Currencies~ | Blockchain Usage Across Industries—Overview~ || Types of Applications Based on Blockchain Technology~ || Blockchain Technology and Disrupted Industry Verticals~ || Blockchain Usage Across Industry Verticals~ || Key Investment Areas in Blockchain Ecosystems~ || Blockchain—Ecosystem Participants~ | Blockchain in Automotive Industry—Key Functional Areas Overview~ || Blockchain Platforms for Smart Manufacturing~ || Blockchain Platforms for Supply Chain Logistics~ || Blockchain Platforms for Car Retailing and Leasing~ || Blockchain Platforms for Connected Living and IoT~ || Blockchain Platforms for Mobility Solution~ || Blockchain Penetration—Automotive Key Functional Areas~ | Blockchain in Automotive Industry—Growth Opportunities and Companies to Action~ || 5 Major Growth Opportunities in Automotive Industry~ || Blockchain Startup—Disruptive Companies~ || Strategic Imperatives of Blockchain for Automotive Industry~ | Blockchain—Platforms and Service Providers Profiling~ || Bitcoin~ || Ethereum~ || Hyperledger (a Linux Foundation Collaborative Project)~ || RSK Labs~ || Consensus Systems/ConsenSys~ || Project Provenance Ltd/Provenance~ || Productive Edge LLC~ || Reply~ || Technology Companies Blockchain Platform—Overview~ | Conclusions and Future Outlook~ || Key Conclusion~ || Blockchain Technology in Automotive Industry—Future Outlook~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~ || Table of Acronyms Used~
List of Charts and Figures 1. Blockchain Technology Revolutionizing Automotive Industry: Current Vs Future, Global, 2016 and 2025~ 2. Blockchain Technology Revolutionizing Automotive Industry: List of Key Participants, Global, 2015~| 1. Blockchain Technology Revolutionizing Automotive Industry: Top 5 Insights, Global, 2015–2025~ 2. Blockchain Technology Revolutionizing Automotive Industry: Insight 1, Global, 2012–2016~ 3. Blockchain Technology Revolutionizing Automotive Industry: Insight 2, Global, 2015–2025~ 4. Blockchain Technology Revolutionizing Automotive Industry: Insight 3, Global, 2015–2025~ 5. Blockchain Technology Revolutionizing Automotive Industry: Insight 4, Global, 2015–2025~ 6. Automotive Industry IT Spending: Technology Investments, Global, 2015 and 2025~ 7. Automotive Industry IT Spending: Blockchain Investments, Global, 2015 and 2025~ 8. Blockchain Technology Revolutionizing Automotive Industry: Insight 5, Global, 2015–2025~ 9. Blockchain Technology Revolutionizing Automotive Industry: Definition, Global, 2015~ 10. Blockchain Technology Revolutionizing Automotive Industry: Transaction Overview, Global, 2015–2025~ 11. Blockchain Technology Revolutionizing Automotive Industry: Terminologies, Global, 2015–2025~ 12. Blockchain Technology Revolutionizing Automotive Industry: Digital Currencies, Global, 2017~ 13. Blockchain Technology Revolutionizing Automotive Industry: Blockchain Applications, Global, 2015–2025~ 14. Blockchain Technology Revolutionizing Automotive Industry: Industry Verticals, Global, 2015–2025~ 15. Blockchain Technology Revolutionizing Automotive Industry: Industry Verticals, Global, 2015–2025~ 16. Blockchain Technology Revolutionizing Automotive Industry: Investment Areas, Global, 2012–2016~ 17. Blockchain Technology Revolutionizing Automotive Industry: Blockchain Ecosystem, Global, 2015–2025~ 18. Blockchain Technology Revolutionizing Automotive Industry: Smart Manufacturing, Global, 2015–2025~ 19. Blockchain Technology Revolutionizing Automotive Industry: Supply Chain Logistics, Global, 2015–2025~ 20. Blockchain Technology Revolutionizing Automotive Industry: Car Retailing and Leasing, Global, 2015–2025~ 21. Blockchain Technology Revolutionizing Automotive Industry: Connected Living and IoT, Global, 2015–2025~ 22. Blockchain Technology Revolutionizing Automotive Industry: Mobility Solution, Global, 2015–2025~ 23. Blockchain Technology Revolutionizing Automotive Industry: Penetration Rate of Blockchain Technology for Automotive Key Functional Areas, Global, 2015 and 2025~ 24. Blockchain Technology Revolutionizing Automotive Industry: Growth Opportunities, Global, 2015–2025~ 25. Blockchain Technology Revolutionizing Automotive Industry: Disruptive Companies, Global, 2015–2025~ 26. Blockchain Technology Revolutionizing Automotive Industry: Strategic Imperatives, Global, 2015–2025~ 27. Blockchain Technology Revolutionizing Automotive Industry: Bitcoin, Global, 2015~ 28. Blockchain Technology Revolutionizing Automotive Industry: Ethereum, Global, 2015~ 29. Blockchain Technology Revolutionizing Automotive Industry: Hyperledger, Global, 2015~ 30. Blockchain Technology Revolutionizing Automotive Industry: RSK Labs, Global, 2015~ 31. Blockchain Technology Revolutionizing Automotive Industry: ConcenSys, Global, 2015~ 32. Blockchain Technology Revolutionizing Automotive Industry: Provenance, Global, 2015~ 33. Blockchain Technology Revolutionizing Automotive Industry: Productive Edge LLC, Global, 2015~ 34. Blockchain Technology Revolutionizing Automotive Industry: Reply, Global, 2015~ 35. Blockchain Technology Revolutionizing Automotive Industry: Technology Companies, Global, 2015–2025~ 36. Blockchain Technology Revolutionizing Automotive Industry: Conclusion, Global, 2015–2025~ 37. Blockchain Technology Revolutionizing Automotive Industry: Future Outlook, Global, 2015–2025~
Author Meena Subramanian
Industries Automotive
WIP Number K13A-01-00-00-00
Is Prebook No