Blockchain Technology in the Automotive Industry

Blockchain Technology in the Automotive Industry PDF Author: Ghulam Yasin
Publisher: CRC Press
ISBN: 104013226X
Category : Computers
Languages : en
Pages : 447

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Book Description
Nowadays, the latest technologies can be found not only in healthcare and space application but also in hybrid supercars. Supercars and hypercars require high-performance materials with high strength, high stiffness, and light weight. For higher performance, car engines now become stronger but smaller and with lower fuel consumption (with cleaner exhaust). Currently, the automotive industry involves batch production, but in the near future, personalized and individualized automobiles with low and limited quantities can be fabricated in smart factories, which integrate all companies working in the supply chain, from manufacturing to marketing and services. In this regard, future automobiles in smart cities become more personalized (single user, limited version, personal spare parts), safer, and smarter. Blockchain technology is the key to these future perspectives toward intelligent automobiles without any risk of safety, accident, security, theft, or traffic jam. In the current industry, blockchain technology can explore the interconnection of blockchain with other innovative technologies and trends, such as the Internet of Things (IoT) and artificial intelligence (AI), and analyzes the potential to transform business processes and whole industries if these innovations are applied jointly. In the case of the manufacturing sector, manufacturing can provide a high return on investment. It was reported that $1 of investment in manufacturing can create ~$2.5 of economic activity. In addition, smart products should be fabricated from smart materials via the intelligent manufacturing system framework. In smart production, if the products and machines are integrated, embedded, or otherwise equipped with smart sensors and devices, the system can immediately collect the current operating parameters and predict the product quality and then communicate the optimal parameters to machines in the production line. For smart city applications, the global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025 at a compound annual growth rate (CAGR) of 14.8%. For smart city applications, blockchain technology can build on decentralization, immutability, and consensus characteristics. Additionally, intelligent wireless sensor networks can provide big information to monitor and manage the city’s regular operations and services, including traffic and transportation systems, street lighting systems, power plants, water supply networks, waste management, libraries, hospitals, schools, universities, etc. A blockchain-based distributed framework can be used for automobiles in the smart city. This framework can include a novel miner node selection algorithm for the blockchain-based distributed network architecture. This book explores how blockchain technology can be used in the automotive industry from smart manufacturing to the smart city.

Blockchain Technology in the Automotive Industry

Blockchain Technology in the Automotive Industry PDF Author: Ghulam Yasin
Publisher: CRC Press
ISBN: 104013226X
Category : Computers
Languages : en
Pages : 447

Get Book Here

Book Description
Nowadays, the latest technologies can be found not only in healthcare and space application but also in hybrid supercars. Supercars and hypercars require high-performance materials with high strength, high stiffness, and light weight. For higher performance, car engines now become stronger but smaller and with lower fuel consumption (with cleaner exhaust). Currently, the automotive industry involves batch production, but in the near future, personalized and individualized automobiles with low and limited quantities can be fabricated in smart factories, which integrate all companies working in the supply chain, from manufacturing to marketing and services. In this regard, future automobiles in smart cities become more personalized (single user, limited version, personal spare parts), safer, and smarter. Blockchain technology is the key to these future perspectives toward intelligent automobiles without any risk of safety, accident, security, theft, or traffic jam. In the current industry, blockchain technology can explore the interconnection of blockchain with other innovative technologies and trends, such as the Internet of Things (IoT) and artificial intelligence (AI), and analyzes the potential to transform business processes and whole industries if these innovations are applied jointly. In the case of the manufacturing sector, manufacturing can provide a high return on investment. It was reported that $1 of investment in manufacturing can create ~$2.5 of economic activity. In addition, smart products should be fabricated from smart materials via the intelligent manufacturing system framework. In smart production, if the products and machines are integrated, embedded, or otherwise equipped with smart sensors and devices, the system can immediately collect the current operating parameters and predict the product quality and then communicate the optimal parameters to machines in the production line. For smart city applications, the global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025 at a compound annual growth rate (CAGR) of 14.8%. For smart city applications, blockchain technology can build on decentralization, immutability, and consensus characteristics. Additionally, intelligent wireless sensor networks can provide big information to monitor and manage the city’s regular operations and services, including traffic and transportation systems, street lighting systems, power plants, water supply networks, waste management, libraries, hospitals, schools, universities, etc. A blockchain-based distributed framework can be used for automobiles in the smart city. This framework can include a novel miner node selection algorithm for the blockchain-based distributed network architecture. This book explores how blockchain technology can be used in the automotive industry from smart manufacturing to the smart city.

Blockchain Technology and Smart Contracts. Application in the Automotive Industry

Blockchain Technology and Smart Contracts. Application in the Automotive Industry PDF Author: Lukas Thielen
Publisher:
ISBN: 9783668884311
Category :
Languages : en
Pages : 0

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Book Description


Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector

Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector PDF Author: Zaigham Mahmood
Publisher: Engineering Science Reference
ISBN: 9781799866510
Category : Blockchains (Databases)
Languages : en
Pages :

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Book Description
"This book investigates the blockchain technology, its adoption and effectiveness in banking and other industry, and in general, for IoT based applications"--

Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector

Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector PDF Author: Enrique Gil Ramirez
Publisher: GRIN Verlag
ISBN: 3346276600
Category : Business & Economics
Languages : en
Pages : 104

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Book Description
Master's Thesis from the year 2018 in the subject Economics - International Economic Relations, Cologne Business School Köln, language: English, abstract: This research has been gathered together with the collaboration of Control Expert Company, a German company dedicated to providing services to the core business of the automotive insurance industry. This research is mainly focused on the different applications that Blockchain technology offers the automotive insurance industry. Based on these applications, a process model is developed from the perspective of the service provider sector of the automotive insurance. Having the main focus in mind, this research will answer the following question: How does Blockchain technology benefit the Automotive Insurance Process? The structure of this research will lead the reader through the evolution of the Blockchain technology and its features. First, a full definition of the technology will be explained. This will be followed by the generations of Blockchain and its classification. After that some history on regards Blockchain and the digital era will be mentioned. Such as the main innovations of the digital era, the creators of the technologies involved in Blockchain, and the main innovations within Blockchain. As the Internet of Things has become more and more popular during the last years, it is not possible to ignore the huge impact that it is having on people's daily lives. IoT represents a network of devices such as sensors, vehicles, computers and more, which interact among themselves and exchange information. Here comes a very interesting subcategory of the IoT – The Internet of People. The Internet of People describes the exchange of data through different devices but related to the people, or, in other words, the information gathered comes strictly from people. From this idea, the Internet of Money rises describing mainly how Blockchain and Bitcoin are changing the financial system. This is based on the idea of recording transactions in a safer way within a more decentralized system. Due to the strong disruption of Blockchain within different industries and the usability of the technology, it has been considered as an extra layer working over the internet. This is a new tier that enables transactions on a different level; permitting storage and record of data in a different way than a conventional database.

The Automotive Evolution

The Automotive Evolution PDF Author: Gabriel Chapman
Publisher: Independently Published
ISBN:
Category :
Languages : en
Pages : 0

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Book Description
In this compelling Special Report titled "The Automotive Evolution: Blockchain Technology in the Transportation Industry", technology meets the traditional world of automotive, leading to unexpected synergies. Join Gabriel Chapman, an accomplished tech journalist and auto industry enthusiast, as he deftly navigates the complexities of blockchain technology and its impactful role within the transportation space. Whether you're a technology savant, a transport industry professional, or a curious reader with an interest in the latest trends, this report brings to you a clear and concise view of the automotive revolution spurred by blockchain technology. Gabriel's writing transcends technical jargon, introducing you to blockchain in the simplest of terms before gradually building your knowledge, intertwining it with the automotive world. This methodical approach ensures the content remains accessible and engaging to a wide range of readers. What does the report cover? The origin and workings of blockchain technology The link between blockchain and the automotive industry The transformative potential of blockchain on supply chains Blockchain's role in vehicle authenticity verification and payment systems The exciting prospective role of blockchain in managing traffic and powering autonomous vehicles The challenges that blockchain implementation may encounter Future trends of blockchain within the transportation industry Fasten your seatbelt and ready yourself for a ride through the intersection of technology and transport like no other. The future of the automotive industry is already here, and this Special Report is your guide to navigate it.

Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles

Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles PDF Author: Tyagi, Amit Kumar
Publisher: IGI Global
ISBN: 179983297X
Category : Computers
Languages : en
Pages : 316

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Book Description
Blockchain was first conceptualized as a method of building trust in machines and has grown into a vital aspect of many different sectors of the economy. Recently, attention has shifted to the field of autonomous vehicles, and the added value blockchain can provide for the future of this sector by building next generation secure decentralized, distributed, and trusted automated environments and enhancing the productivity of several autonomous applications. Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles is a critical reference source that explores the applications of blockchain in automated industries. Featuring coverage on a wide range of topics including privacy, risk assessment, and performance optimization, this book is ideally designed for design engineers, industry professionals, cryptographers, service designers, entrepreneurs, government officials, consultants, researchers, academicians, and students.

Managing in a VUCA World

Managing in a VUCA World PDF Author: Oliver Mack
Publisher: Springer
ISBN: 3319168894
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
This book examines volatility, uncertainty, complexity and ambiguity (VUCA) and addresses the need for broader knowledge and application of new concepts and frameworks to deal with unpredictable and rapid changing situations. The premises of VUCA can shape all aspects of an organization. To cover all areas, the book is divided into six sections. Section 1 acts as an introduction to VUCA and complexity. It reviews ways to manage complexity, while providing examples for tools and approaches that can be applied. The main focus of Section 2 is on leadership, strategy and planning. The chapters in this section create new approaches to handle VUCA environments pertaining to these areas including using the Tetralemma logics, tools from systemic structural constellation (SySt) approach of psychotherapy and organizational development, to provide new ideas for the management of large strategic programs in organizations. Section 3 considers how marketing and sales are affected by VUCA, from social media’s influence to customer value management. Operations and cost management are highlighted in Section 4. This section covers VUCA challenges within global supply chains and decision-oriented controlling. In Section 5 organizational structure and process management are showcased, while Section 6 is dedicated to addressing the effects of VUCA in IT, technology and data management. The VUCA forces present businesses with the need to move from linear modes of thought to problem solving with synthetic and simultaneous thinking. This book should help to provide some starting points and ideas to deal with the next era. It should not be understood as the end of the road, but as the beginning of a journey exploring and developing new concepts for a new way of management.

Future Cryptocurrency in Automotive

Future Cryptocurrency in Automotive PDF Author: Martiin Couture
Publisher:
ISBN:
Category :
Languages : en
Pages : 34

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Book Description
Automotive with Cryptocurrency. A quick and easy read to evaluate your way forward the financial automotive world.Have you ever thought about how to be more efficient, streamlined, and connected?ORDo you want to make a difference in the automotive industry?Whatever your role in the automotive industry is, you deserve to keep up-to-date. Also, you need to look into blockchain technology to learn how bitcoin has made a revolution in the automotive industry.This book explains the concept of AUTOMOTIVE INDUSTRY WITH CRYPTOCURRENCY. With this revolutionary technology, any type of product can be connected to the Internet and made smarter. That way, your car is not only safer purchase but also faster and cheaper to maintain!This book covers everything from the History of the Automotive Industry to the future of automotive transactions and the advent of cryptocurrency. More attractive and beneficial packages for end customers offering convenient financing terms, including a possible discount on vehicles purchased. Absolutely no doubt here that this is a breakthrough technology.For how long will you accept traditional currency at your facilities?It's time to bring a change!!!

Revolutionary Applications of Blockchain-Enabled Privacy and Access Control

Revolutionary Applications of Blockchain-Enabled Privacy and Access Control PDF Author: Singh, Surjit
Publisher: IGI Global
ISBN: 1799875903
Category : Computers
Languages : en
Pages : 297

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Book Description
The security of an organizational information system with the invention of next-generation technologies is a prime focus these days. The industries and institutions in the field of computing and communication, especially in internet of things, cloud computing, mobile networks, next-generation networks, the energy market, banking sector, government sector, and many more, are primarily focused on these security and privacy issues. Blockchain is a new technology that has changed the scenario when it comes to addressing security concerns and resolving traditional safety issues. These industries have started developing applications based on the blockchain underlying platform to tap into this unlimited potential. Blockchain technologies have a great future, but there are still many challenges and issues to resolve for optimal design and utilization of the technology. Revolutionary Applications of Blockchain-Enabled Privacy and Access Control focuses on the recent challenges, design, and issues in the field of blockchain technologies-enabled privacy and advanced security practices in computing and communication. This book provides the latest research findings, solutions, and relevant theoretical frameworks in blockchain technologies, information security, and privacy in computing and communication. While highlighting the technology itself along with its applications and future outlook, this book is ideal for IT specialists, security analysts, cybersecurity professionals, researchers, academicians, students, scientists, and IT sector industry practitioners looking for research exposure and new ideas in the field of blockchain.

Blockchain Technology: Applications and Challenges

Blockchain Technology: Applications and Challenges PDF Author: Sandeep Kumar Panda
Publisher: Springer Nature
ISBN: 3030693953
Category : Technology & Engineering
Languages : en
Pages : 307

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Book Description
This book discusses the various open issues of blockchain technology, such as the efficiency of blockchain in different domains of digital cryptocurrency, smart contracts, smart education system, smart cities, cloud identity and access, safeguard to cybersecurity and health care. For the first time in human history, people across the world can trust each other and transact over a large peer-to-peer networks without any central authority. This proves that, trust can be built not only by centralized institution but also by protocols and cryptographic mechanisms. The potential and collaboration between organizations and individuals within peer networks make it possible to potentially move to a global collaborative network without centralization. Blockchain is a complex social, economic and technological phenomenon. This questions what the established terminologies of the modern world like currency, trust, economics and exchange would mean. To make any sense, one needs to realize how much insightful and potential it is in the context and the way it is technically developed. Due to rapid changes in accessing the documents through online transactions and transferring the currency online, many previously used methods are proving insufficient and not secure to solve the problem which arises in the safe and hassle-free transaction. Nowadays, the world changes rapidly, and a transition flow is also seen in Business Process Management (BPM). The traditional Business Process Management holds good establishment last one to two decades, but, the internal workflow confined in a single organization. They do not manage the workflow process and information across organizations. If they do so, again fall in the same trap as the control transfers to the third party that is centralized server and it leads to tampering the data, and single point of failure. To address these issues, this book highlights a number of unique problems and effective solutions that reflects the state-of-the art in blockchain Technology. This book explores new experiments and yields promising solutions to the current challenges of blockchain technology. This book is intended for the researchers, academicians, faculties, scientists, blockchain specialists, business management and software industry professionals who will find it beneficial for their research work and set new ideas in the field of blockchain. This book caters research work in many fields of blockchain engineering, and it provides an in-depth knowledge of the fields covered.