What is Blockchain & How it Affects the Automotive Supply Chain

Alan Lim, IBM Blockchain and Bluemix Garage Leader, explains what blockchain is and how it can fundamentally re-imagine traditional business networks.

One of the initiatives started by IBM Blockchain is Blockchain Garages around the world, which is about accelerating the adoption of Blockchain tech, and helping clients understand where that technology can be applied.

Blockchain enables the verification of the credibility of a supplier in the automotive supply chain, and permits a common view across all the parties. This leads to a reduction in the friction that exists within the automotive manufacturing process.

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Unlock News Desk, is a group of Blockchain and Crypto enthusiastic young people, working to keep Unlock readers up to date with the industry news. Connect with the team via email: info(@)unlock-bc.com

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