VLB disturbs a multibillion auto market.
According to pymnts.com the use of big data and blockchain technology in the car industry is growing rapidly - big data in the auto market set to reach $4 billion by 2020 and blockchain end-point authentication in the auto market to be valued at $1billion by 2022.
Within the past year alone, weve seen the likes of Porsche and Toyota steer their way towards blockchain technology use. In addition to this, the blockchain technology market is also set to see some significant growth over the next few years. Research and Markets Blockchain Market Global Forecast to 2021 predicts blockchains Compound Annual Growth Rate (CAGR) will grow a whopping 61.5 percent within the next five years from $210.2 million today to $2,312.5 million.
VLB tokens (
www.vlb.io) is one of the IT companies that takes an advantage of the growing market. Major market players, such as car manufacturers, shop repairs, insurance companies and regulators, will be using a public blockchain database for exchanging data about car ownership, maintenance and driving history, auto parts, and car loans.
Read more at
https://www.pymnts.com/blockchain/2017/blockchain-tracker-the-auto-industry-revs-its-blockchain-engine/ It seems like as time progresses, more big car companies are starting to adopt and use blockchain technology to their system and this is a really good thing for this project. As more companies uses blockchain technology the wider the coverage of this project can reach and the bigger market it can attract. In the article Porsche and Toyota has been mention, is there any possibility that these big companies will be in partnership with VLB?? And so far have you been in touch with any big car companies from the United States to join this project?