Explore more Categories
Artificial Intelligence involves the science and engineering of developing intelligent machines
The manufacturing world is at a cusp of a new revolution that will redefine conventional business models
IoT will have a major impact on businesses and consumers in the future
The world is creating 2.5 exabytes of data daily
Our research seeks to connect-the-dots across multiple trends
Personal Robots are Set to Be a $19 Billion Market
Strategic Analysis of BREXIT and its Implications to Industries, Economies and Societies
iFrost is a digital platform for interactive and dynamic reporting of data.
The TOEs are a great source of information which gives corporates critical information on companies to action for their strategic investments either as an open source platform or to collaborate and to develop successful products
Parts Authentication Through Digital Twining to Substantially Decrease Seepage of Counterfeit Products in the Supply Chain
* Required Fields
Pay by invoice
The increasing use of blockchain technology will go hand-in-hand with growing advances in the automotive industry, especially through digitization and automation. Key trends such as parts authentication, asset tracking, modern logistics systems, and proliferation of financial technology (fintech) influencing the automotive industry are expected to drive the adoption of blockchain technology in the aftermarket industry. Some of the key advantages of using blockchain in the aftermarket are added transparency on ownership, price, and smart contracts. It is expected to accelerate payments through eWallets, enhance security through transparent blocks, and eliminate fraud along with eliminating middlemen, reducing paperwork, and streamlining the supply chain. Blockchain’s impact on the aftermarket is expected to gradually increase in the coming years, especially after 2020. It is, however, largely dependent on the level of automation and proliferation of technology in the industry mandating support for these advances. Blockchain will radically simplify and accelerate the business operations of all key stakeholders involved in the aftermarket – such as suppliers, distributors, buying groups, retailers, garages, and eventually consumers. Shared mobility and fleets are expected to benefit considerably through blockchain solutions that allow for efficiency, security, and time and cost reductions across various areas such as leasing, insurance, service and maintenance, refueling, parking, freight brokering, and cargo safety. The vehicle purchasing process for fleets using blockchain brings all the relevant stakeholders onto a common platform, enabling them to share and view information in real time.Investing in blockchain is expected to ease fleet operations by improving overall operational efficiency and reducing costs. Suppliers will benefit from being on the same blockchain platform as OEMs and end customers. This is expected to reduce the cost and time for spare parts and warranty issues as well as hasten recalls, all enabled through smart contracts.
This research report covers the following segments: passenger vehicles and light trucks. The report also focuses on the impact of blockchain on three key segments influencing the aftermarket: 1. Impact on aftermarket upstream and downstream (suppliers, distributors, supply chain & logistics, parts retail), 2. Impact on Future Mobility (telematics, prognostics, EVs, and shared mobility), and 3. Impact on Affiliated Technologies (fintech).
Key Issues Addressed
Strategic Profiling of PSA in the Automotive Aftermarket, 2019
Competitive Profiling of Key Aftermarket Distributors and Retailers in North America, 2018
North American Engine Management Sensors and Engine Control Unit (ECU) Aftermarket, Forecast to 2025
North American Class 1-3 Steering and Suspension Components Aftermarket, Forecast to 2025
Global Medium/Heavy Commercial Vehicle Aftermarket Outlook, 2019
Assessment of APAC Automotive Aftermarket, 2018
Market Analysis and Benchmarking of OEM Service and Maintenance Contracts in North America, 2018–2025
North American Dashboard of Selected Automotive Aftermarket Parts, Forecast to 2022
Replacement Demand Analysis for Passenger Cars and Light Commercial Vehicles’ Selected Emission Control and Aftertreatment Components Aftermarket in Europe, 2015–2025
Global Automotive Aftermarket Outlook, 2019
diet food market
smart home market
industrial robotics market
functional beverage market
video analytics market
digital signage market
Don't have an account? Create One!
Enter your Email Address here to receive a link to change password.
If you are an existing frost.com user, please register using the same email for seamless access
Already have an account? Login!
Use your Linkedin account to login or register within our store.You're just one click away.