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Blockchain Technology and Smart Contracts. Application in the Automotive Industry

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Release : 2019
Genre :
Kind : eBook
Book Rating : 311/5 ( reviews)

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Book Synopsis Blockchain Technology and Smart Contracts. Application in the Automotive Industry by : Lukas Thielen

Download or read book Blockchain Technology and Smart Contracts. Application in the Automotive Industry written by Lukas Thielen. This book was released on 2019. Available in PDF, EPUB and Kindle. Book excerpt:

Blockchain Technology in the Automotive Industry

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Release : 2024-10-30
Genre : Computers
Kind : eBook
Book Rating : 26X/5 ( reviews)

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Book Synopsis Blockchain Technology in the Automotive Industry by : Ghulam Yasin

Download or read book Blockchain Technology in the Automotive Industry written by Ghulam Yasin. This book was released on 2024-10-30. Available in PDF, EPUB and Kindle. Book excerpt: Nowadays, the latest technologies can be found not only in healthcare and space application but also in hybrid supercars. Supercars and hypercars require high-performance materials with high strength, high stiffness, and light weight. For higher performance, car engines now become stronger but smaller and with lower fuel consumption (with cleaner exhaust). Currently, the automotive industry involves batch production, but in the near future, personalized and individualized automobiles with low and limited quantities can be fabricated in smart factories, which integrate all companies working in the supply chain, from manufacturing to marketing and services. In this regard, future automobiles in smart cities become more personalized (single user, limited version, personal spare parts), safer, and smarter. Blockchain technology is the key to these future perspectives toward intelligent automobiles without any risk of safety, accident, security, theft, or traffic jam. In the current industry, blockchain technology can explore the interconnection of blockchain with other innovative technologies and trends, such as the Internet of Things (IoT) and artificial intelligence (AI), and analyzes the potential to transform business processes and whole industries if these innovations are applied jointly. In the case of the manufacturing sector, manufacturing can provide a high return on investment. It was reported that $1 of investment in manufacturing can create ~$2.5 of economic activity. In addition, smart products should be fabricated from smart materials via the intelligent manufacturing system framework. In smart production, if the products and machines are integrated, embedded, or otherwise equipped with smart sensors and devices, the system can immediately collect the current operating parameters and predict the product quality and then communicate the optimal parameters to machines in the production line. For smart city applications, the global smart cities market size is expected to grow from USD 410.8 billion in 2020 to USD 820.7 billion by 2025 at a compound annual growth rate (CAGR) of 14.8%. For smart city applications, blockchain technology can build on decentralization, immutability, and consensus characteristics. Additionally, intelligent wireless sensor networks can provide big information to monitor and manage the city’s regular operations and services, including traffic and transportation systems, street lighting systems, power plants, water supply networks, waste management, libraries, hospitals, schools, universities, etc. A blockchain-based distributed framework can be used for automobiles in the smart city. This framework can include a novel miner node selection algorithm for the blockchain-based distributed network architecture. This book explores how blockchain technology can be used in the automotive industry from smart manufacturing to the smart city.

Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector

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Author :
Release : 2020-10-20
Genre : Business & Economics
Kind : eBook
Book Rating : 600/5 ( reviews)

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Book Synopsis Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector by : Enrique Gil Ramirez

Download or read book Applications of Blockchain in the Automotive Insurance Industry. A Model Development from the Perspective of the Service Provider Sector written by Enrique Gil Ramirez. This book was released on 2020-10-20. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2018 in the subject Economics - International Economic Relations, Cologne Business School Köln, language: English, abstract: This research has been gathered together with the collaboration of Control Expert Company, a German company dedicated to providing services to the core business of the automotive insurance industry. This research is mainly focused on the different applications that Blockchain technology offers the automotive insurance industry. Based on these applications, a process model is developed from the perspective of the service provider sector of the automotive insurance. Having the main focus in mind, this research will answer the following question: How does Blockchain technology benefit the Automotive Insurance Process? The structure of this research will lead the reader through the evolution of the Blockchain technology and its features. First, a full definition of the technology will be explained. This will be followed by the generations of Blockchain and its classification. After that some history on regards Blockchain and the digital era will be mentioned. Such as the main innovations of the digital era, the creators of the technologies involved in Blockchain, and the main innovations within Blockchain. As the Internet of Things has become more and more popular during the last years, it is not possible to ignore the huge impact that it is having on people's daily lives. IoT represents a network of devices such as sensors, vehicles, computers and more, which interact among themselves and exchange information. Here comes a very interesting subcategory of the IoT – The Internet of People. The Internet of People describes the exchange of data through different devices but related to the people, or, in other words, the information gathered comes strictly from people. From this idea, the Internet of Money rises describing mainly how Blockchain and Bitcoin are changing the financial system. This is based on the idea of recording transactions in a safer way within a more decentralized system. Due to the strong disruption of Blockchain within different industries and the usability of the technology, it has been considered as an extra layer working over the internet. This is a new tier that enables transactions on a different level; permitting storage and record of data in a different way than a conventional database.

Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles

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Release : 2020-08-14
Genre : Computers
Kind : eBook
Book Rating : 97X/5 ( reviews)

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Book Synopsis Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles by : Tyagi, Amit Kumar

Download or read book Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles written by Tyagi, Amit Kumar. This book was released on 2020-08-14. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain was first conceptualized as a method of building trust in machines and has grown into a vital aspect of many different sectors of the economy. Recently, attention has shifted to the field of autonomous vehicles, and the added value blockchain can provide for the future of this sector by building next generation secure decentralized, distributed, and trusted automated environments and enhancing the productivity of several autonomous applications. Opportunities and Challenges for Blockchain Technology in Autonomous Vehicles is a critical reference source that explores the applications of blockchain in automated industries. Featuring coverage on a wide range of topics including privacy, risk assessment, and performance optimization, this book is ideally designed for design engineers, industry professionals, cryptographers, service designers, entrepreneurs, government officials, consultants, researchers, academicians, and students.

Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector

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Author :
Release : 2021-03-18
Genre : Computers
Kind : eBook
Book Rating : 521/5 ( reviews)

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Book Synopsis Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector by : Mahmood, Zaigham

Download or read book Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector written by Mahmood, Zaigham. This book was released on 2021-03-18. Available in PDF, EPUB and Kindle. Book excerpt: Blockchain technology presents numerous advantages that include increased transparency, reduced transaction costs, faster transaction settlement, automation of information, increased traceability, improved customer experience, improved digital identity, better cyber security, and user-controlled networks. These potential applications are widespread and diverse including funds transfer, smart contracts, e-voting, efficient supply chain, and more in nearly every sector of society including finance, healthcare, law, trade, real estate, and other important areas. However, there are challenges and limitations that exist such as high energy consumption, limited scalability, complexity, security, network size, lack of regulations, and other critical issues. Nevertheless, blockchain is an attractive technology and has much to offer to the modern-day industry. Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector investigates blockchain technology’s adoption and effectiveness in multiple industries and for the internet of things (IoT)-based applications, presents use cases from industrial and financial sectors as well as from other transaction-based services, and fills a gap in this respect by extending the existing body of knowledge in the suggested field. While highlighting topics such as cybersecurity, use cases, and models for blockchain implementation, this book is ideal for business managers, financial accountants, practitioners, researchers, academicians, and students interested in blockchain technology’s role and implementation in IoT and the financial sector.

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