Select Page

The Innovation Dilemma of Distributed Ledger Technology

Research Overview

Author: Axel Schmidt, Matthias Niehoff, Dominic Briggs, et al.
Release Date: February 17, 2022

Abstract:

The value of blockchain innovation comes from outward-looking strategies that benefit from broad collaboration across an ecosystem, especially around standards. But the legacy systems and processes of the automotive industry tend to favor incremental change over bold transformation. Without reliable estimates of eventual returns, many automakers have hesitated to invest in open experimentation. This new paper provides a framework for understanding the potential of distributed ledger technologies in mobility and transportation. It presents two dozen of most important blockchain use cases for automotive in three categories—enterprise operations, new products and services, and customer engagement—with vehicle-oriented decentralized applications such as vehicle-to-vehicle communication, digital vehicle passports, parts provenance ledgers, and usage-based insurance, plus open charging stations and smart grids for electric vehicles. This fresh thinking and analysis comes from Accenture, Blockwall, and Blockchain Research Institute Europe. © 2022 Accenture. All rights reserved. Republished here with permission.

Fullscreen Mode

 

© 2022 Accenture. All rights reserved. Republished here with permission.

Related Content

Blockchain-Driven Transformation

No longer at proof-of-concept or pilot stage, blockchain applications are changing processes and practices for the better in business and society. This research reports on the status of transformational projects for registering assets, tracking the flow of assets, automating contract administration, and streamlining industry workflows in construction, insurance, mining, retail, and transportation. It features a case study of the UK based company Circulor, which has transformed the cobalt chain of custody for good. Finally, the authors anticipate the long-term impact of blockchain technology on global financial markets, identity management, and the Internet of Things. There is no turning back to old ways of operating.

Read More

Blockchain and the CFO

Within each industry, distributed ledger technology is influencing the value chain and the role of a CFO. This project outlines why the CFO, as the CEO’s business partner, should understand blockchain’s impact on enterprise strategy, not just on corporate finance, capital investment, and operations. It shows how blockchain could catalyze change in the near term, with finance use cases in taxation, accounting and audit processes and in digital asset payments for consumer goods, employee payroll, and cross-border transactions. In the longer term, CFOs will help make the business case for blockchain applications in trade finance, supply chain financing, and insurance. To prepare for that future, CFOs must understand token economics, initial coin offerings, and blockchain-based analytics.

Read More
Subscribe