The automotive industry has consistently driven technological innovation, embracing advancements that enhance efficiency, safety, and environmental sustainability. Blockchain technology has recently become a vital solution for overcoming key challenges, such as traceability, secure data management, and payment systems in electric vehicles (EVs). Its applications span digital battery passports, carbon credit systems, and secure payment infrastructures for EV charging, positioning blockchain as a transformative force within the automotive sector.
Before exploring its specific uses, it is essential to understand the fundamentals of blockchain. A decentralised, distributed ledger, blockchain securely records transactions across multiple computers, ensuring that once data is entered, it cannot be altered or deleted without network consensus. This architecture provides unmatched data security and integrity. Blockchain’s core attributes— immutability, transparency, and decentralisation—make it indispensable for industries requiring secure and verifiable data exchanges between multiple stakeholders.
By providing an immutable record, blockchain ensures the authenticity of automotive parts, reduces the risk of counterfeits, and streamlines vehicle registration and ownership transfer. Additionally, it enables more transparent and efficient vehicle financing and leasing through secure smart contracts. As blockchain adoption increases, it is expected to foster greater collaboration for innovation across the industry, reflecting successful initiatives in regions like Gujarat’s GIFT City, Maharashtra, Tamil Nadu, and Karnataka.
Blockchain in automotive supply chain traceability
この記事は Electronics For You の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です ? サインイン
この記事は Electronics For You の October 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
Wearable Automatic ASSISTANCE GLOVE
This proposed prototype works by wearing the glove and either touching a specific finger with the thumb or pressing a special switch.
BLUETOOTH CONTROL Through Mobile
Creating a Bluetooth-controlled device with an Arduino Uno and an HC-05 Bluetooth module enables control of lights or even relays to manage AC appliances wirelessly using an Android smartphone.
Raspberry-Pi Based WAVEFORM GENERATOR
A waveform generator is a commonly used test and measurement instrument in electronics laboratories.
World's Smallest Programable INDUSPHONE DESIGN
Smartphones have become a necessity in daily life.
AUTOMATIC WIPER CONTROL For Three/Four Wheelers
The integration of a 555 timer and L293D motor driver in an automatic wiper control device presents a practical and efficient solution for enhancing driver safety and convenience.
EMS Vs Components Manufacturing: EMPLOYMENT IN ELECTRONICS INDUSTRY OF INDIA
A recent article in a leading business newspaper reported that industry executives, during a government meeting, had suggested that EMS firms create more employment than electronics component manufacturers-for every rupee invested. To verify this claim, a review was conducted with both component manufacturers and EMS firms, as well as several trade associations.
Why Did Rajguru Electronics, A Leading Distributor Of Components And Development Boards, Enter Manufacturing?
After nearly three decades in distribution, Rajguru Electronics pivoted to manufacturing, setting up a unit for its ADIY subsidiary in Bengaluru. EFY's Yashasvini Razdan interviewed CEO Dileep Jain to explore the reasons behind the shift and the company's growth strategy.
"We Are Building FUTURE ENTREPRENEURS With Drone Assembly And Maintenance Training"
AVPL is creating village-level entrepreneurs and jobs through drone technology and agriculture training. In an interview with EFY's Nitisha, Co-founder and Chairman Preet Sandhu discloses how their 70 centres across 12 states offer offline courses in RPC and agricultural spraying.
"Becoming CLEAR"
From a nonchalant teenager to authoring a book on Verilog at 25 and launching successful IPOs for startups on the US stock market, Rajeev Madhavan exemplifies how the right guidance can transform a life. This is the story of one of Silicon Valley's most influential venture capitalists, as narrated to Yashasvini Razdan.
THINKRAW INDIA'S SOLAR SOLUTIONS FOR THE AGRICULTURAL SECTOR
ThinkRaw's blend of technology and tradition is revolutionising agriculture with solar-powered solutions that enhance efficiency and sustainability in farming and aquaculture.