Blockchain in Automotive Industry : Spare parts and warranty

Blockchain in Automotive Industry : Spare parts and warranty

While the financial sector has been using the blockchain for a couple of years, automotive businesses are only discovering new advantages of this technology. The auto industry is entering a new age of digitization that will significantly change everything we are used...
Blockchain fights Counterfeiting in the automobile industry

Blockchain fights Counterfeiting in the automobile industry

A car manufacturer is concerned that service centres and garages in certain markets are knowingly (or otherwise) fitting counterfeit spare parts to their customers’ vehicles. Counterfeit parts jeopardise the manufacturer’s brand reputation when they under-perform or...
Why is Blockchain Considered Viable for Trade Finance?

Why is Blockchain Considered Viable for Trade Finance?

HSBC – a leading London-based bank along with ING Bank NV, experimented with Blockchain for handling a letter of credit for Cargill Inc. The letter of credit backed a soybean shipment that traveled from Argentina to Malaysia. This end-to-end transaction between the...