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Blockchain technology expected to come as the automotive industry moves towards

Porsche recently announced its first Innovation Contest that invited participants to develop blockchain solutions for the automotive industry.
The global automotive industry is exploring the use of blockchain technology for big data collection and analysis, and also to make self-sufficient autonomous driving vehicles.
The use of blockchain technology is expected to come in handy as the automotive industry moves towards increased digitization of onboard technologies that makes cars smarter.
Starting from onboard computers which appeared at least a decade ago, the automotive industry has moved on to self-driven cars, and now they are stepping into the blockchain domain.
Overly was quoted saying,“The arrival of big data in the automobile has reason to give consumers pause.

Automotive Industry

As it stated in LONDON–(BUSINESS WIRE)–Infiniti Research has announced their top 5 trends impacting the automotive industry for theremainder of 2017.
View the whole list of top 5 automotive trends for 2017 from Infiniti Research.
About Infiniti Research Established in 2003, Infiniti Research is a leading market intelligence company providing smart solutions to address your business challenges.
With 14 years of experience and offices across three continents, Infiniti Research has been instrumental in providing a complete range of competitive intelligence, strategy, and research services for over 550 companies across the globe.
The automotive industry is set to witness a perfect storm of change with technology driven trends significantly impacting the future of the market and Infiniti Research has shared these trends to help companies ensure competitiveness and cope with emerging demands.

global automotive industry is exploring the use of blockchain technology

blockchain technology

As it stated in It seems plausible that the sector-specific Draft Guidelines could have more far-reaching potential implications, chiefly because the issues addressed by the Draft Guidelines are also faced by many other industries with similar business models.
Against this background and in an atmosphere of heightened vigilance, the Draft Antitrust Guidelines for the Automotive Industry (the Draft Guidelines) released by the NDRC last year have received significant attention from stakeholders both within the automotive industry itself, and beyond.
The Draft Guidelines The Draft Guidelines were issued for public comment on 23 March 2016.
Importantly, the Draft Guidelines also bring, at least within the automotive industry, the PRC position regarding vertical arrangements closer to the approach adopted in other jurisdictions, most notably the EU.
The Draft Guidelines are sector-specific in that they are stated to apply only to the automotive industry.

 

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