The automotive industry faces a rapidly changing business landscape, including a rapid and profound shift driven by changing consumer technology.
OpenLedger’s experienced team understands the most pressing challenges for companies in the automotive industry, and knows how to use blockchain to overcome them.
Drop us a line about your future project, and we'll get back to you with details within one business day
Contact UsThe automotive industry is a complex ecosystem with parties involved on multiple levels: design, manufacturing, distribution, tracking, marketing, compliance, selling, finance and servicing of vehicles. Below are some of the real-world blockchain can be implemented in the automotive industry.
Blockchain provides secure, access-regulated interactions and transactions in the automotive industry. The technology allows data to be shared instantly and safely between parts distributors, dealers, service mechanics, insurance providers, and other ecosystem participants.
That data could be urgent repair requests, changing parts requirements for assembly lines or aftercare stockists, or payment processing information.
Blockchain solves the problem of ensuring that car parts are genuine, creating distinctive timestamped IDs for every component.
These marks can provide an additional layer of authenticity protection, one that can be shared securely and instantly between car owners, manufacturers and service centers to track the history of parts changes and usage limits.
A blockchain-powered solution for automotive industry makes auto leasing and finance easier.
The technology connects all parties involved in a secure environment and guarantees transparent operations: KYC checks, storage of contracts, and automated payment.
Blockchain provides solutions to the data integration challenges faced by the automotive industry. This technology shortens lead times, accelerates processing and supports accurate, effective decision-making and transparency between multiple involved parties.
Blockchain synchronizes service schedules of vehicles with immutable records of actual usage. This data is accurate, tamper-proof and easy to navigate.
A blockchain automotive supply chain enables a smooth order/sell process, simplifies documentation workflow, and makes payments between parties fast and easy.
IoT sensors and devices can be linked together to measure all types of information and inform final settlements, such as the condition of containers or if goods have been damaged.
Blockchain solutions for vehicle tracking adds more value as more parties opt in.
Synergistic effects allow for benefits like better enforcement of environmental laws, and auditable test and service logs proving compliance, as well as manufacturer auditing and opportunities to sell value-added services to customers.
Join the blockchain automotive revolution and implement blockchain-based systems and solutions to facilitate the sharing of rides and vehicle ownership, record and execute agreements, process all payments and update the user’s record with a history of that trip.
Blockchain modifies insurance procedures in the automotive industry by creating personalized contracts. The personalization includes real car performance and automates the payment of insurance and financial settlement following an insurance claim.
The Total Cost of Ownership (TCO) of a vehicle is an important productivity measure for vehicle owners. Implementing blockchain technology makes TCO indicators a valuable real-time automotive index.
This development optimizes vehicle operational costs during the whole vehicle life cycle, provides data transparency and gives space for efficiency improvements.
Drop us a line about your future project, and we'll get back to you with details within one business day
Contact UsThe automotive industry is changing, and blockchain is already an impactful part of that change. OpenLedger offers deep expertise in custom blockchain development and implementation for automotive businesses.
All participants in the automotive supply chain can benefit from blockchain implementation:
Unlock the potential of blockchain automotive development with OpenLedger’s team. Eliminate existing inefficiencies, improve business processes and benefit from unique opportunities that blockchain can provide the industry.
You’ll get access to the expertise both of our own blockchain products and of successfully implemented custom solutions
The OpenLedger team is pioneering the frontiers of blockchain tech and employing it to drive your company’s success.
All our tech solutions are built by the in-house cross-functional team. The strongest blockchain specialists on the market will be working on your project
OpenLedger’s outstanding R&D department deeply researches unique ways of improving your products and services, so we can implement them together.
