Automotive Wiper System Market Automotive Blockchain Market | Page 2

The global blockchain technology is at an early stage of its innovation and major
technological operators are still experimenting and exploring its capabilities. Though
blockchain has its roots and major presence in the financial sector, the automotive industry
is not far behind in implementing blockchain technology for its applications. It is
technologically advanced and is characterized by stringent regulations regarding
cybersecurity and data theft. Therefore, there is significant potential for blockchain
technology as it is expected to speed up the transformation of automobiles towards
decentralization. Blockchain technology can enable easier management of trusted
information, while enabling access to critical data though maintaining information security.
Once information is created in blockchain, it is difficult to change or delete by a single
individual as they are verified and managed by automation and shared protocols.
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