According to the current analysis of Reports and Data, the global Automotive Blockchain was valued at USD 92.94 Million in 2018 and is projected to grow at a CAGR of 34.95% from 2019 to USD 1.79 Billion in 2026. Factors affecting the growth of the Automotive Blockchain are the rising focus related to the reduction of the data manipulation as well as leaks, and the efficiency Automotive Blockchain provides with its low operational cost. These factors will propel the growth of the over the forecasted period. However, the uncertainty of the regulation that are associated with the Blockchain can affect the growth through 2026.
Blockchain is a decentralized, distributed ledger that can record the provenance of a digital asset. The implementation of this technology in the automotive industry is called as Automotive Blockchain. The blockchain technology has made a huge impact in the automotive industry due to the features like prompt transactions, and low data leaks amongst others.
The implementation of 5G network infrastructure will boost the further growth of the Automotive Blockchain. As high tech features for in-vehicles are increasingly becoming available, connected through networks, blockchain in automotive industry is gaining more traction. Combining blockchain and 5G technology to automated vehicles can provide number of possibilities for tracking, monitoring, protection against cyber-security threats as well as the ability to share the information of the vehicle amongst others.
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For automotive OEMs, secure blockchain offers a vital platform for mobility scores that can determine the OEMs relative value as well as the reliability. Blockchain can be used to collect key driving habits to reward the users and lower down potential damage.
The introduction of the blockchain in the automotive industry is witnessing innovations from leading players which is expected to supplement the growth of the.
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Table of Content:
Chapter 1. Synopsis
1.1. Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Estimation Technique
Chapter 2. Executive Summary
2.1. Introduction
2.2. Summary Snapshot, 2016 – 2026
2.3. Assumptions
2.4. Limitations…
For the purpose of this study, Reports and Data have segmented the Automotive Blockchain on the basis of Application, By Provider, By Mobility type, and Region:
Application (Revenue, USD Million; 2016–2026)
Provider (Revenue, USD Million; 2016–2026)
Mobility type (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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