LONDON, Sept. 4, 2018 /PRNewswire/ --Global Automotive Blockchain Market to Reach $1,575.0 Million by 2026, BIS Research Report
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The technological innovations, such as electric & hybrid vehicles, advanced driver assistance systems & self-driving technologies, connected vehicles, and disruptive trends, such as ride-hailing, car sharing, and in-car payments, are expected to change the way people use mobility services.To lead this technological disruption, the automotive stakeholders need to adopt innovative strategies and redefine their business models.
The automotive market needs to be more integrated, connected, and capable of providing on-demand and personalized services with the highest level of safety and convenience. The myriad number of benefits associated with the blockchain technology, such as near real-time exchange of data, transparency, reliability & security, and immutability, among others, has made it a top contender to disrupt the automotive supply chain.
The automotive blockchain market is estimated to witness robust growth during the period 2018-2026.The report is a compilation of various segmentations including a market breakdown by application type of the blockchain technology.
The report deals with the market size of the automotive blockchain with respect to different types of applications including ...