Frequently Asked Questions
Blockchain in automotive is a decentralized, tamper-proof digital ledger that records vehicle data, part histories, and transactions across the supply chain. It provides transparency, security, and a single source of truth for all stakeholders.
Blockchain allows every part to be recorded from its origin to installation, ensuring traceability and authenticity. This helps prevent counterfeit components and improves supply chain transparency.
A blockchain-based vehicle history report stores verified records of mileage, service, ownership, and accident history in an immutable ledger. It boosts buyer confidence and ensures accurate, tamper-proof data.
Blockchain encrypts vehicle telematics and OBD2 data, creating a secure environment for connected and autonomous cars. Data is decentralized, making it less vulnerable to cyberattacks and unauthorized access.
Yes, smart contracts on blockchain can facilitate automated and secure payments for services like EV charging, tolls, parking, and decentralized mobility services. This reduces delays and errors in transactions.
