Global Automotive Blockchain Market was valued US$ xx Million and expected to reach US$ XX Million
by 2027 at a CAGR of xx% during the forecast period.
Global Automotive Blockchain Market Definition:
Automotive Blockchain technology is a decentralized and distributed ledger that stores, monitors the
data related to the various processes of automobile manufacturing, channel management, and after-
sales. Blockchain technologies in manufacturing are related to supply chain integration, traceability &
optimization, and B2B agreements. Channel management blockchain technology includes dealership
management, vehicle history tracking, insurance contracts, and financing & payments technologies.
After-sales blockchain technology is related to maintenance, ride sharing, connected vehicles, secondary
market, auto leasing, etc.
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Automotive Blockchain
Market by region and on the key players’ revenue affected till July 2020 and expected short term and
long-term impact on the market.
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Global Automotive Blockchain Market Dynamics
Blockchain technologies in the automotive domain are in nascent stages however gradually with
improvement in awareness, the market is expected to scale up during the forecasted period.
Automotive Blockchain technology is expected to influence the current business models of automotive
manufacturers, supply chain participants, insurance companies, maintenance service providers, auto
leasing & financing companies, and on-demand mobility service providers. The ability of the automotive
blockchain technology to reduce the operating cost incurred to automotive manufacturers by supply
chain optimization, data integration, and smart supplier contracts is anticipated to influence the
technology adoption on the supply side of the market.
Reduction in the time length of the net operating cycle with the blockchain technologies associated with