Most of today’s solutions lack the transparency to trace components effectively, resulting in bottlenecks and lost revenue. As an immutable, transparent ledger, blockchain can help verify, authenticate, and track inputs across complex automotive supply chains.
Automotive Use Cases
Gray Markets
Gray markets cost companies billions worldwide, siphoning revenue from legitimate automotive producers and suppliers. Blockchain can help eliminate this issue by authenticating parts from presale to post-production, including after-market components.
Vehicle Titles
As a decentralized repository, blockchain can store vehicle titles as immutable records, validating ownership and automating paper processes.
Supply Chain Management
Blockchain supports powerful track and trace functionality, providing stakeholders with real-time supply chain oversight.
Emissions Tracking
As more enterprises adopt sustainable practices, blockchain can help tokenize and track emissions throughout vehicle production and operation. These insights can help determine the effectiveness of company initiatives when quantifying CO2 emissions.
Customer Experience
Automotive companies can use blockchain to deliver loyalty programs, enhancing the customer experience and building brand loyalty. Specifically, non-fungible tokens (NFTs) can digitize the delivery of incentives and rewards, proving ownership of digital and real-world experiences.
Additive Manufacturing
Companies can leverage blockchain to bolster their additive manufacturing initiatives. Specifically, automotive stakeholders can securely store part specifications as immutable blockchain records, ensuring ongoing quality assurance.
Build Better With SIMBA Blocks
SIMBA Blocks makes it easy to start building with blockchain. The powerful platform abstracts the complexities of Web3 development, ensuring enterprises and governments can create robust, scalable solutions.
SIMBA Industry Partners
Boeing commissioned SIMBA to build a fully integrated supply chain solution that tracks F/A-18 wing parts from sub-tier suppliers.
SIMBA Chain will design and build a blockchain solution to enable demand-sensing for the Defense Logistics Agency (DLA), the combat support and supply chain agency of the Department of Defense (DoD).
Built on SIMBA Blocks, the U.S. Air Force BASECAMP platform follows the registration and tracking of Additive Manufacturing (AM) components during their complete lifecycle.
Existing Blockchain Initiatives
Here’s how other companies are using blockchain in the automotive industry.
BMW
See how BMW uses blockchain to enable the traceability of components across its international supply chain under the PartChain project.
Ford
Learn how Ford is leveraging blockchain to support the responsible mining of EV battery materials.
Hyundai
Read how Hyundai MOBIS, the auto manufacturer’s parts subsidiary, uses MAPS (Most Advanced Parts System) to distribute after-sales (AS) parts for 300 models of Hyundai and Kia cars.
Want to Learn More?
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