Automotive Industry and Blockchain - iTechCrypto
The shared ledger of Blockchain can help the Automotive industry to thrive in the best possible manner.Soon will come a time when all the car dealings will be done based on a decentralized shared ledger. The application of Blockchain in automotive industry has the potential to bring vehicle and data safety, transparency in supply chain of automobiles, enhancement in dealing processes, and efficiency in maintenance management.
>Vehicle & Data Safety
As we move into the age of self-driving cars, the possibility of cyber-attacks through automobiles can easily take over the world. In order to prevent this from happening, we need to implement the distributed ledger framework in all the car dealings. It will help track the vehicle and its owner without any detailed research. Everything including the fuel will be recorded in the database for the accurate data management.
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Nicee. Something to look out for 💯
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Thank you for your kind comment @devtheconnector.
Dear @flash07
Another interesting choice of topic buddy. Great read. I was just wondering ... perhaps you should consider using Palnet and SteemLEO tags on your post. That may give you some extra exposure since those are two very strong tribes.
Personally, I think we're still quite far from reaching that stage. There is still not enough trust, technology isn't yet there (can you imagine what would happen right now even if transactions in BTC would increase 10 times?). And mostly you would need to encourage many existing businesses to change the way they are running right now. There is a long way ahead.
However I see huge potential and surely some companies representing Automotive industry will jump on board. Especially those newer ones.
Yours
Piotr
Thank you for your kind comment and suggestion. Will surely use #Palnet and #SteemLEO tags. Looks great tribes to me too.
These things will take time for sure. I have seen many companies experimenting in different field using Blockchain tech. In many fields, they already started testing. Hopefully we will see some live demo soon.
Thanks again for your kind support @crypto.piotr.
Hi @flash07
I just learned that if you publish your post via SteemPeak then you can use more than 5 tags. Did you know about it? (it may be useful knowledge, just in case if 5 tags would not be enough for you)
Yours
Piotr
Good to know. Thanks @crypto.piotr.
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Interesting read and there's some adoption happening in the space. The automotive industry is on the right track of embracing Blockchain Technology for sure! Resteemed!
Thank you @crypto.hype for your kind comment & resteem.