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Accelerate Technology Innovation through Custom Automotive Solutions Development empowered by Blockchain Technology
Mobility Open Blockchain Initiative (MOBI) brings together BMW, Bosch, Ford, Groupe Renault, Accenture, IBM, and others to explore blockchain’s potential in mobility
Our blockchain-based custom automotive solution development services empower automotive businesses. From vehicle manufacturing, supply chain traceability, and emerging electric car solutions to ride-sharing and more, we cover wide applications of blockchain in the automotive industry. We have evaluated blockchain's potential across the automotive value chain and found that it is capable of
Enhancing efficiencies across the supply chain and back-office operations
Augmenting vehicle information management and usage data
Simplifying transactions processes and information exchange
Problem
Slow, costly, and opaque supply chain activities
Solution
Smart processes on the distributed shared ledger
Risk of fraud, slow claim processing, and complex contracts
Fool-proof automated insurance and settlement payments
Infiltration of fake or defective parts with no detection
Traceability of parts origin and integrity from an original equipment manufacturer (OEM) to an automaker
Centralized, insecure data, intermediaries, and slow transactions
No intermediaries, authenticity, and new business opportunities
Increased costs, incapability of finding specific defective parts
Quick identification of defective parts, targeted recalls
Inability to verify information, paper-based, and lengthy processes
Digital ownership records, real-time information verification
Blockchain brings automotive stakeholders involved in various processes like design, manufacturing, tracking, selling, and vehicle servicing on a single, shared ledger. Thereby, blockchain in the automotive industry enables transparency, accountability, efficiency, and security across the automotive ecosystem
We develop automotive supply chain solutions that capture, store, and update the information of vehicles and spare parts on a blockchain. It enables car service centers, car manufacturers, customers, and other stakeholders to track auto-part provenance throughout the supply chain. Our solutions ensure transparency, traceability, and verifiability of automobile components and raw materialss
We build automotive applications that enable car OEMs to identify vehicles containing defective parts. Manufacturers can further issue targeted recalls or service bulletins for these vehicles. It can reduce disruption to customers as well as the recall costs for the process. It can ensure no massive recalls that translate to a considerable cost. The solution also enables the status tracking of a recall
Our blockchain solutions enable the issuance of loyalty points for dealers and customers. They can redeem and use those loyalty points as a currency within an automobile loyalty network. Once a customer has redeemed his loyalty points, the solution will update a dealer’s account for network participants to view. We use blockchain and smart contract technology-based solutions for the instant redemption of loyalty points
Our solutions automate contracts and financial transactions to enable vehicle owners to monetize peer-to-peer (P2P) ride trips. They interconnect smart, autonomous vehicles, car-sharing providers, and end-users reliably and securely. They enable users and car-sharing providers to register on the blockchain for secure and seamless data exchange, including vehicle location, contract terms, and user payment information
We develop blockchain applications that enable insurance firms to form customized vehicle insurance contracts as per actual driving behavior. They do so by processing driving behavior events like speeding and mileage and safety events like defective parts and collisions. The solutions efficiently and securely automate automobile insurance claim payments and financial settlements following an insurance claim
We build blockchain KYS solutions that collect, record, and validate supplier details before a supplier delivers services to automotive companies. Once stored and approved, they execute supplier payments and contracts with smart contracts when a service or product gets fulfilled as per the business agreement. They enable stakeholders to manage supplier digital identities for digital agreements, digital assets, and workflows
We implement smart contracts to automate business operations with the following blockchain technologies
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Oodles Blockchain
Blockchain Development Company | Innovate with Confidence
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