[2018-03-30] Audi Is Exploring Blockchain For Its Distributional Network

[Sony.UK]

German Ingolstadt-based car manufacturer Audi is testing Blockchain technology for its physical and financial distribution processing, Cointelegraph auf Deutsch reported today, March 30. With its new solution, Audi aims to increase the security and transparency in its global supply chains.

The car manufacturer released a Proof-of-Concept (PoC) of its Blockchain system last year, after successfully testing the technology based on IBM’s Hyperledger Fabric. Due to positive feedback, Audi’s management decided to advance the project beyond the PoC stage.

The research team comprised of representatives from various organizational units such as finance, production, logistics and IT are currently exploring the representation and documentation of international logistic processes, including financial settlement.

https://cointelegraph.com/news/audi-is-exploring-blockchain-for-its-distributional-network

One of the top most car manufacturer is adapting Blockchain. A good move?

[1715463522]

1715463522

[Heat and rum]

I see the interest towards cryptocurrencies in automotive industries. As far as I know, VW is implementing a blockchain-based system of regulatin road traffic, now Audi gets in touch with it in distributional network. Nice to see =)

[Alex077]

German Ingolstadt-based car manufacturer Audi is testing Blockchain technology for its physical and financial distribution processing, Cointelegraph auf Deutsch reported today, March 30. With its new solution, Audi aims to increase the security and transparency in its global supply chains.

Nowadays it is trendy to use blockchain in all industries including the automobile industry. Recently, Porshe also announced their intention to use blockchain.

[Taki]

I see the interest towards cryptocurrencies in automotive industries. As far as I know, VW is implementing a blockchain-based system of regulatin road traffic, now Audi gets in touch with it in distributional network. Nice to see =)

The point here is about Blockchain technology, but not about crypto currencies as you are saying. Many corporations and governments already admitted all advantages of the technology. Blockchain is going to become a part of almost every business in sooner time.