10th January 2024 Digital Bytes

Blockchain in the automotive industry: impact, success stories and future prospects - blockchain in the automotive industry has evolved from promising pilots to real applications, driven by EU investments and battery regulations. Early trials had faced market entry hurdles, but recent collaborations and projects are pushing for real-world applications. Success stories such as Xeal's EV charging tech and EU-backed initiatives showcase blockchain's role in sustainability. Innovations - such as Sila's battery tech and Minima's solutions - signal advancements, yet legal challenges and integration with autonomous vehicles persist. However, blockchain promises transparency, security and efficiency in vehicle management, with automakers such as BMW, Daimler, Ford, Volvo and Tesla leading adoption.

Decentralized storage in blockchain - decentralized storage (a key facet of blockchain) revolutionizes data management by dispersing it across networks, prioritizing information over specific locati…