Quote from: Almir_Salimov on November 13, 2017, 04:31:51 PM

6 applications for blockchain in the automotive industry.
A US-based think-tank, Tractica, identified 6 ways how blockchain can be useful for the automotive industry.
1)   Automotive/Internet of Things Interactions
A future of autonomous cars, not to mention millions or billions of devices communicating with each other efficiently requires that their interactions and transactions exist on an immutable database of shared, secure, and highly permissioned access. VLB Tokens (www.VLB.io) shared ledger between automotive OEMs, parts distributors, dealerships, service mechanics, insurance providers, and others can support the ability for parts or equipment within a car to autonomously sense its own needs.
2)   Auto Financing
Purchasing cars typically requires loans to finance the transaction. In the spring of 2017, Indian automotive OEM Mahindra, created a blockchain incubator focused specifically on the automotive financing use case.
3)   Automotive Title Transfer
The process of transferring ownership from buyer to seller of an asset a car or other form of property is one that requires numerous middlemen, phases, and reconciliations to execute. A company called BigChainDB is developing CarPass in an effort to centralize all information about a car to a shared immutable and transparent database, immune to fraud or tampering.
4)   Insurance Claim Processing
Automotive OEMs could potentially use blockchain technologies like smart contracts or private keys to streamline the filing of certain insurance claims, automatically deploy service technicians, or automate payout.
5)   Supply Chain Management
The automotive supply chain is incredibly complex, consisting of numerous types of parts, hardware, software, and firmware suppliers, distributors, dealers, regulatory agencies, insurance companies, and more. Blockchain technologies can be applied to each of the following phases of the supply chain: inception, development, distribution, trade financing, retail and use, recycling/aftermarket.
6)   Loyalty-Based Microtransactions
As businesses start leverage data for highly contextual marketing, companies like loyyal recognize the need for a shared database to manage high volumes of transactions and enable permissioned access and program execution
Read more https://www.tractica.com/artificial-intelligence/six-applications-for-blockchain-in-automotive/

I think with this project many of the auto company will be beneficial since this project offers a decentralized system for the automotive industry.Aside from that the variety of blockchain offer was so nice and helpful for the client. It will lessen the complict of the applicant in order to get in for thia project.