Every day, auto manufacturers, sellers and insurance providers process millions of payments through bank transactions, web and mobile services and cash operations. While proven and familiar, these payment channels share the same imperfections: excessive paperwork, constantly increasing transaction fees, lack of transparency and cybersecurity risks. The blockchain might be the cure for these ills.
Having promising potential as a financial tool, blockchain technology can be successfully implemented to handle payments across the automotive industry, including for:
• Car manufacturers and vehicle sellers.
• Ridesharing and carsharing services.
• Integration with other technology.
In this article, I'll discuss how the blockchain can improve the security and performance of financial operations in three use cases. I will also share some insights from my company's recent projects to look at potential use cases and explain the benefits and challenges.
Continue reading:
https://www.forbes.com/sites/forbestechcouncil/2021/12/22/blockchain-in-the-automotive-sector-three-use-cases-and-three-challenges/?sh=6e3e1eb92508
Having promising potential as a financial tool, blockchain technology can be successfully implemented to handle payments across the automotive industry, including for:
• Car manufacturers and vehicle sellers.
• Ridesharing and carsharing services.
• Integration with other technology.
In this article, I'll discuss how the blockchain can improve the security and performance of financial operations in three use cases. I will also share some insights from my company's recent projects to look at potential use cases and explain the benefits and challenges.
Continue reading:
https://www.forbes.com/sites/forbestechcouncil/2021/12/22/blockchain-in-the-automotive-sector-three-use-cases-and-three-challenges/?sh=6e3e1eb92508
