The Innovation Dilemma of Distributed Ledger Technology
Author: Axel Schmidt, Matthias Niehoff, Dominic Briggs, et al.
Release Date: February 17, 2022
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.