Can Blockchain Help the Automobile Sector to Extend its Wings.

Utoy101

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Quote from: Alhamza24 on March 18, 2020, 12:45:22 AM

In April 2019, Toyota Blockchain Lab was introduced by the finance wing of Toyota Motor Corporation. The Toyota Blockchain Lab is testing blockchain’s potential for the past several months, and now the company is looking to extend the project’s impact across the company. The Blockchain Lab is looking to explore more opportunities. However, it will mainly be applied to the main departments. Toyota looking to boost its involvement in transportation as an ecosystem by becoming a “Mobility Company.”
Can blockchain help the company to achieve its goals?

Blockchain's technology has a vast number of potentials in which just few have been well leverage. With time, the use of blockchain will shift from just being a technology behind digital currency to a more sophisticated technology that will disrupt many industries and till this happens before we see the mass adoption the blockchain community has been seeking from the outside world for over a long time. If this toyota-blockchain thingy to click, it will bring about more adoption to the blockchain community as the automobile giant company has lot of customer base

kindbtc

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Definitely, blockchain technology jas all the aspects, features and utilities that can help the organization in improving its efficiency and make the business more transparent and also help in automation of many processes using smart contracts and dApps.
While if we talk about the automobiles, i think blockchain tech will greatly enhance and help create advanced automobiles or what we can say completely smart futuristic cars.

Doranile432

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How? To fund automobile sectors or what? To create electric cars? I don't see how blockchain can help here, you can't build cars using blockchain technology right? Proof me if I'm wrong, many useless use cases are on blockchain right now and they die fast because of no public interest

Chuky92

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One of the things to understand about any development is to have the right team with the right experience. Bitcoin creater (Satoshi) believed in what he want and worked till he got it and ever since then blockchain has opened more possibilities about different things which can be achieved so far the right team and knowledge is available. So therefore, blockchain can in fact help Toyota achieve their aims and objectives if they really want to, by getting the best team to work on their ideas. Also, am glad more industries and platforms are seeing the potential within blockchain.

shinratensei_

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Quote from: Alhamza24 on March 18, 2020, 12:45:22 AM

In April 2019, Toyota Blockchain Lab was introduced by the finance wing of Toyota Motor Corporation. The Toyota Blockchain Lab is testing blockchain’s potential for the past several months, and now the company is looking to extend the project’s impact across the company. The Blockchain Lab is looking to explore more opportunities. However, it will mainly be applied to the main departments. Toyota looking to boost its involvement in transportation as an ecosystem by becoming a “Mobility Company.”
Can blockchain help the company to achieve its goals?

It can and you should know that if blockchain has so many potentials to be used in any sector. As far as i know the complexity of the blockchain makes this technology can be built into the various thing depends on what platform that will be developed by the team. It's possible to use blockchain for that sector but again that still needs research and development consider about we must find a good mechanism to implement blockchain into that sector.

Stanlo

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Presently crypto needs to be recognized all throughout the world and successfully become a supportive means of payment before anything else, helping Automobile sector or not crypto needs to be recognized first, it's the reason why many usecase on blockchain became a failure

NASdaq

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I think that we think wider usage of blockchain in the future, including auto industry

awakpane

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In my opinion, it is very likely that the blockchain can help the automotive sector because if all countries can implement the cryptocurrency as a legal medium of exchange, it is very easy for the blockchain to implement it to expand its wings. Moreover, the blockchain works so transparently and makes it easy for people to make transactions.

cryptoaddictchie

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Quote from: Alhamza24 on March 18, 2020, 12:45:22 AM

Can blockchain help the company to achieve its goals?

Not entirely solved but blockchain can improve their system in so many different ways:

Can easily track operation cost and expenditure on their supply of car automotive parts.
Record and audit all cashflows in their entire network which isnt can be done fast but with the help of blockchain can make expedite approach in systematic database.
Not necessary but I think a cool one, can help crypto enthusiasts availing cars through blockchain payments and derivatives; especially BTC payment.

Thanks for asking. If not enough I can add specific use case for car industry. Not so good in cars but Ive love them like I love bitcoin.

tabas

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Quote from: Alhamza24 on March 18, 2020, 12:45:22 AM

Can blockchain help the company to achieve its goals?

It might be. I still can't think of the way how applicable the technology to their company in terms of production. But on the back end, there's a use to it.
I guess I have found the use of blockchain base on this article.
Toyota looks to blockchain for secure communications

BlinkInDie

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Yes, probably. We're now starting to see blockchain being looked at from these major companies. The technology behind it is irreplaceable, and it may change the way of how their business runs. There's the internet of blockchain that lets people deploy blockchains that fit their own application needs. For example, Toyota can build their own VM, and dictate exactly how the blockchain should operate. With the way how blockchain can be controlled and modified, we will see almost all companies to use it very soon.

Alhamza24

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In April 2019, Toyota Blockchain Lab was introduced by the finance wing of Toyota Motor Corporation. The Toyota Blockchain Lab is testing blockchain’s potential for the past several months, and now the company is looking to extend the project’s impact across the company. The Blockchain Lab is looking to explore more opportunities. However, it will mainly be applied to the main departments. Toyota looking to boost its involvement in transportation as an ecosystem by becoming a “Mobility Company.”
Can blockchain help the company to achieve its goals?

Topic: Can Blockchain Help the Automobile Sector to Extend its Wings. (Read 130 times)