Abstract
While some industries are happily reaping the rewards of brand-new technology, there’s some still stuck in limbo between traditional and new methods of production; the auto industry.With the schanging behavior of customers, the new technological landscape, and the demand we see for digitalization, the automotive and digital worlds are hurtling towards one an other and will soon converge.
In 2017, just like in decades gone by, the vehicles are the main source of income for auto makers and traders. However, auto companies are having to develop their services and introduce
data - driven entities; with the customer as the central focus, the two will need to combine as one digital ecosystem.
Even with the demand for connectivity and digitalization, powertrain technologies seem to be taking priority. Every day, the automotive and technology centric businesses seem to trade blows and take some level of control from the other.
Furthermore, there is an important distinction to be made regarding customer and vehicle data. For customers, they’re generally willing to share data on their vehicle; more willing than they are when it comes to behavior data. Of course, this process requires trust and many executives are now allowing
customers to have an input into what happens to all data.
Despite popular belief, the goal shouldn't be to bring the automotive and digital worlds up to a similar speed of innovation. Instead, the goal should be to create a superordinate platform that allows both to thrive while integrating all downstream and upstream elements. Nowadays, a car needs an ecosystem; to balance the power between end consumer s, there’s now a need for an independent virtual cloud ecosystem.
In the long term, could the digital ecosystem lead to more revenue than the hardware of a vehicle? According to 85% of executives, they believe this will happen so it will be interesting to see what happens (or perhaps how and when it happens!).
Bitcoin and Ethereum Bitcoin is the first popular application of blockchain technology.
Bitcoin Network, is also known as blockchain 1.0, basically a distributed journal system with distributed dispersion mechanism available.
With UTXO technology, although it is possible to write programs to run on Bitcoin networks, Low-level UTXO programs are very limited in capability. That is the programming environment.
Tuning is incomplete, and very difficult to use. As a result, the Bitcoin network is a essentially distributed ledger system that records
bitcoin transactions, Only very few applications are developed by the community. Project Ethereum aims to build Blockchain 2.0. By adding a virtual machine Turing-complete through the support of third-party scripts called Contract.
(called Virtual Machines Ethereum, or EVM),
Ethereum Blockchain desired into "the computer of the world" Intelligent to move token cryptocurrency between accounts when satisfying some conditions certain(for example, one of the use cases is to make a Smart Contract a role margin account). Contracts thatare intelligently implemented by the
Ethereum node follow realtime. This result is authenticated and
saved to the blockchain by the diggers (or checkout) correspondents In addition, Ethereum also supports the Distributed Application Concept (also known as DApp), which runs side-by-side In addition to blockchain, you can call the Smart check option in the blockchain. In a typical setup, DApp can be a web application, providing a user interface for the corresponding Smart Agreement. [/pre]
