The automotive industry embraces the blockchain with many benefits. Car Resume & Data Sharing & Supply Chain Management
【Published by: Future Commerce Issue | Editor: Shen Qin-Yu | Translator: Statecraft 】
“Smart cars, self-driving cars, electric cars, car networking”, the auto industry seems to be facing a fast-flip future, but there is another technology that is quietly changing the industry, that is, “blockchain”, various car manufacturers, auto parts manufacturers and startups are actively seeking the possibility of applying blockchains to car resumes, driving information and big data sharing, and supply chain management. According to Simon-Kucher & Partners, the automotive industry’s blockchain-based application in 2030 will have a potential output value of 104 billion euros (about NT$3,450 billion).
Create peace of mind car resume, used car trading platform to embrace the blockchain
You may often see advertisements for “8891.com, abccar.com, hotcar.com” on the Internet in Taiwan. There are more and more used car trading platforms. The original factory and the alliance system have jumped into the market. These digital platforms have already It has changed the mode of traditional physical store transactions. However, even if the used car trading platforms have the promise of certification, information and price transparency, there is still a long way to go before buyers can trade with confidence.
In order to change such a consumption ecology, some operators began to introduce blockchain technology, establish an authoritative car history similar to foreign Carfax, record all usage data and transaction records, including vehicle origin, mileage, maintenance history, etc., in an attempt to provide Transparent, visual vehicle information.
Darren Wang, founder and CEO of blockchain startup OwlTing, said that the global market is quite large from sales, insurance, finance to maintenance, but the biggest pain in this industry is that consumers lack sufficient trust in the used car market. Not only the transfer of ownership and the processing of insurance claims are quite complicated, but the poor supply chain management also leads to price monopoly. Of course, the owner does not trust the maintenance system.
In view of this, OwlTing has teamed up with CARPOST to create a blockchain forex car purchase integration service. Consumers can select and compare medieval cars from around the world in up to 10,000 databases suitable for local owners. Master the real car condition through the transparent chain CarPost car history, and automatically calculate the freight, customs, inspection and other expenses and the time of delivery to the port through the system, from the purchase, delivery, customs declaration, tax payment, vehicle inspection and other procedures, The platform also works with law firms, insurers and banks to not only worry about trading, but also to worry about buying accident cars or watch cars, and assisting with insurance and loans when necessary.
Darren Wang emphasizes that the blockchain can link all the information in the automotive supply chain, from consumer orders, certification body upload resumes, used car dealers, freight companies to bank loans, banks and insurance companies can also join the node application data. To change the automobile industry chain that was originally opaque and untrustworthy; as a result, car owners can enjoy the benefits of lowering maintenance and repair costs, reducing insurance costs, and obtaining better service quality, and sellers can obtain a complete and transparent car history. With higher turnover prices and better goodwill, buyers can get more complete vehicle information and get a more secure buying experience.
Internet of vehicles creates big data, new car insurance and shared cars are born
With the advent of the Internet of Vehicles, the car itself will create considerable and valuable data, and in the future, cars and cars, cars and infrastructure, cars and humans can connect and communicate with each other. The automotive industry also looks at the block. Chains, distributed ledgers and related technologies have developed a positive layout for the development potential of automotive data sharing.
In fact, automakers including General Motors, Ford, BMW, Renault, Honda and other technology companies, auto parts manufacturers, and blockchain operators jointly established the “Mobility Open Blockchain Initiative (MOBI) in May 2018. “, there are already hundreds of members, whose main purpose is to accelerate the use of blockchain technology in the automotive industry, using the same standards to connect, store and share data on the Internet of Vehicles, in order to create higher efficiency, lower cost, More environmentally friendly and safer smart car service.
For example, connected cars can collect various data from owners and vehicles every day, including driving time, time of day, speed, section, mileage, slamming throttle or braking, etc. These data can be instantly transmitted to the electronic account book. Each participant will get a complete data that cannot be easily falsified. These driving data can be used as an important reference for auto insurers.
Traditional auto insurance premiums usually only consider the static data of the driver’s gender, age, occupation, age, etc., and use a very rough way to classify and determine the premium, but if you can get dynamic vehicle usage data, the insurance company can Taking into account the dynamic differences in the use of vehicles by individual drivers, the implementation of a new type of Vehicle Based Insurance (UBI) based on the use of the driver’s vehicle, not only allows drivers to pay more fair and reasonable premiums, but also urges The driver maintains good and safe driving habits.
On the other hand, “Siemens Mobility” is also developing a blockchain technology to improve the shared car experience, such as building a smart parking solution with a blockchain, which speeds up the speed and safety of the user, and instantly queries the empty car position. And paying for the fuel directly through the cloud, it is also easy to track who is using the vehicle and when to use it.
There is a set of traceability of raw materials, and blockchain strengthens supply chain transparency.
According to statistics, the average car consists of 8,000 to 15,000 components. Such a complex and large number of components make the supply chain management of the automotive industry more difficult. However, automakers and blockchain operators have hoped to improve the security and transparency of the supply chain through decentralization and non-destructive modification of the blockchain.
Flowserve Auto previously cooperated with blockchain company Minespider to mark and track the procurement process of raw materials in the battery with multi-layered encrypted blockchain technology and establish a digital platform for transparent communication of information, excavating from the most source mines. Recycling minerals or batteries, going to the refinery, processing the components into batteries, and entering the automotive production line, can completely track the mineral and raw material trading paths in the cross-border supply chain, thereby ensuring the legality of raw material procurement, and Improve the transparency of the lead raw material supply chain.
On the other hand, many automakers are also looking forward to introducing such a blockchain mechanism. Once the integration between components occurs on the production line, or even the quality control and recall events occur after the car leaves the factory, it is possible to trace the components more effectively. Purchasing sources and transaction processes can quickly replace components or pursue related responsibilities and compensation.
■ Source:Future Commerce Issue
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