The Potential #blockchain Effect on the Automotive Industry
▻https://hackernoon.com/the-potential-blockchain-effect-on-the-automotive-industry-903f16f2329c?
As one of the most technologically advanced and sophisticated industries in the world, the automotive industry is at the forefront of innovation, applying technologies which range across carbon-neutral electric motors, self-driving cars and integration with the Internet of Things.Concurrently, industry participants face efficiency problems in customer service and operations that bring about unnecessary costs and increased prices for goods and services within the automotive industry. These inflated costs pass on to vehicle owners, corporate vehicle service users, etc.Reports from LMC Automotive and Technavio show that new and used car markets worldwide are close to being equal when considered in terms of the number of units sold. In 2016, the total number of used car sales was estimated (...)