Blockchain has been used in the automotive industry 🚗

Hi Steemians!

Today in the manufacture of automotive vehicles and all parts and components will not do it on one plant, often there are a few vendors who spetsializiruyutsya on something specific, and then on the primary production assembles. It is very important that the process of interaction between enterprises is smooth.

With the transparency and speed of the block-link system, this interaction in the automotive industry can become much more effective. In addition, during the life of the car, a lot of information is accumulated about it, often individual data is lost, which creates problems for customers.

This is especially true of insurers who are happy to refuse payments on the grounds that some necessary information is missing. Thanks to blockchain data will be securely stored in the system, which is especially important when it comes to huge amounts of information relating to millions of customers.

When it comes to tracking some information, it allows the manufacturer to go all the way to the person who contributed it, even if there are multiple storage systems on the way. Blockchain technology makes communication transparent.

For transactions such as buying vehicles or services, this is very important. In addition, it makes it easier for law enforcement agencies to track the purchase, which in the future will benefit the market as a whole, said the Bankless Times.

More and more often about the use of blockchain technologies report these or those car companies. For example, Porsche is currently testing the ability to remotely unlock and lock doors using an application based on blockchain technology, as well as providing temporary access to the car, as well as a number of new business models based on the collection of encrypted data.

The car becomes part of the blockchain, so it is possible to implement an offline connection-without connecting to the intermediate server. The procedure of unlocking and locking with the application, for example, takes only 1.6 seconds, which is up to six times faster than before. In addition, the data is securely protected by an effective encryption algorithm against unauthorized manipulation.

Each of the users with a unique key will be able to access the database that stores the entire chain of consecutive records. Copies of these databases are synchronized with each other, thanks to a complex system, you can track everything, but you can not make changes, because the data is not stored in one place, but distributed among several million computers around the world.

Digital records are grouped into blocks, which are then chained together, and the data is encrypted by a large number of different computers. This allows you to securely store information, that is, it is almost impossible to hack the system.

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