- In April 2021 Tech Mahindra Ltd has agreed to launch 'Stablecoin-As-A-Service' blockchain solutions with the Netherlands-based Blockchain technology application incubator Quantoz.
- In October 2020 Skoda Auto DigiLab has partnered with innovation management firm Lumos Labs and Microsoft to identify blockchain solutions in manufacturing. The collaboration intends to use its development expertise and digitization knowledge to identify problem statements for the startups to work on innovative blockchain-based solutions.
Frequently Asked Questions
Increased Adoption of Blockchain for Enhanced Security and Efficiency in Automotive Industry, is emerging as a pivotal trend driving the global Automotive Blockchain market
The major factors driving the growth of the Automotive Blockchain market are Expansion of automobile industries and Offerings of advanced technologies.
The primary challenges include limited scalability will challenge the growth
The Supply Chain segment is expected to dominate the global Automotive Blockchain Market, holding a major market share in 2025. This is driven by the increasing adoption of blockchain technology to enhance the efficiency, transparency, and security of automotive supply chains.
Asia-Pacific region is expected to grow significantly during the forecast period as a result of increased government support for the adoption of innovative technologies across various industries, as well as rising investments from multinational corporations operating in this space.
