Search results for automotive

VeChain (VET) is a blockchain platform and cryptocurrency designed to improve supply chain management and enhance transparency and traceability of products and information throughout the supply chain process.

Cryptocurrencies seem to be of interest not only to retailers, but also to big companies. The largest companies in the world are already involved in cryptocurrencies or could soon enter the industry.

As the blockchain and cryptocurrency industry is almost entirely digital, it offers vast potential for remote labour. About 61% of employees prefer being fully remote, and 74% of professionals want remote work to become standard, according to Forbes.

Soon, owners of Electric Vehicles (EV) will have the chance to benefit from the first-ever blockchain car charging network.

It seems the optimism and enthusiasm about the adoption of blockchain have been growing as more and more industries explore the potential of this nascent technology.

Tesla is planning to deploy blockchain’s potential to increase the speed of order processing and shipment of raw materials to boost car manufacturing and minimize time wastage.

The automotive giant from Detroit, General Motors, has filed a patent for a blockchain-based platform that will be utilized by the company’s self-driving cars. The filing was submitted to the US Patent and Trademark Office on April, 2.

BMW Group, a popular luxury carmaker, will involve blockchain in its purchasing processes to guarantee the effective traceability of raw materials - from mines to smelters - and other important items. The new platform is expected to be launched at the end of 2020.

A good number of technology companies globally are steadily venturing into futuristic technologies including blockchain, Bitcoin and other cryptocurrencies, and this is one way of them developing a top notch internet of value as well as shaping the world they want to operate in.