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.

News Desk

UNLOCK Blockchain News Desk is fueled by a passionate team of young individuals deeply immersed in the world of Blockchain and Crypto. Our mission? To keep you, our loyal reader, on the cutting edge of industry news. Drop us a line at info(@)unlock-bc.com to connect with our team and stay ahead of the curve!

Related Articles

Back to top button