From the IBM Institute for Business Value

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Betting on blockchain

Autonomous vehicles, new mobility business models and personalized consumer experiences are just some of the innovative opportunities driving change for today’s automotive organizations. However, inefficiencies still exist in the industry’s business networks – inefficiencies that could be tackled through blockchain. With its promise of more secure, traceable transactions and better access to and transparency of information, blockchain has the potential to strengthen trust and collaboration among businesses, consumers and even vehicles. Though blockchain use is in its infancy in the automotive arena, a handful of companies are pioneering its adoption. To avoid being left behind, other automotive companies can take lessons from these Auto Pioneers and quickly assess their own blockchain opportunities.

Featured findings

62% percent of surveyed executives say blockchain will be a disruptive force in the automotive industry within three years
54% of surveyed executives expect new business models to influnece investments in blockchain
54% of Auto Pioneers will implement their first commercial blockchain network at scale within the next three years

About the authors

Matthew Jones

Matthew Jones
Digital Business Consultant
IBM Global Automotive,
Aerospace and Defense Industries

Dirk Wollschlaeger

Dirk Wollschlaeger
General Manager
IBM Global Automotive,
Aerospace and Defense Industries

Ben Stanley

Ben Stanley
Automotive Research Leader
IBM Institute for Business Value

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