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Automotive Blockchain Market to Explore Outstanding Growth in Future by 2020-2025 | IBM, CarVertical, Helbiz, Helbiz, ShiftMobility, BigchainDB, XAIN

07-10-2020 07:48 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Business Industry Reports

Automotive Blockchain

Automotive Blockchain

The growing demand for Automotive Blockchain has provided a major boost to the Global Automotive Blockchain Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2025.

Overview of Global Automotive Blockchain Market:

Blockchain can facilitate secure, traceable digital transactions in real time, bypassing traditional financial institutions in the process. When all three are linked to vehicles that are Connected, Autonomous, Shared and Electric, blockchain can really make its disruptive presence felt. Smart contracts built on blockchain are also capable of easing and automating the process of submitting vehicle insurance claims by incorporating special clauses for road incidents. These are triggered by analyzing relevant vehicle sensor data that indicate that an accident occurred.

The report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency. It comprehensively evaluates the global Automotive Blockchain market with different perspectives for the purpose of providing a detailed, informative, and accurate analysis of regional growth, competition, market segmentation, and other important aspects.

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Growth in the historic period resulted from economic growth in emerging markets, the rise in awareness of the benefits and developed nations towards Automotive Blockchain costs and an increase in the number of service for traceable digital transactions in real time.

Product Type Segmentation:
The Automotive Blockchain market have different product type such as Public, Private and Consortium. Automotive Blockchain market product type gives service for automating the process of submitting vehicle insurance.

Industry Segmentation:

Increasing instances across various sectors such as Manufacturing, Supply Chain Logistics, Retail Finance & Leasing, Mobility Solutions are raising the need of insurance for vehicles, thereby raising the demand for Automotive Blockchain market. This help in the profitable growth of the Global Automotive Blockchain market in upcoming year.

Segmentation by Regions:

The Automotive Blockchain market in North America has created security services for bypassing traditional financial institutions in the process of claiming insurance for vehicles in the world. It was followed by Western Europe, China, Japan, Southeast Asia, India and Central & South America regions. Asia Pacific is expected to record higher growth rate in Automotive Blockchain Market during the forecast year.

Purchase this report online with 90 Pages, List of Tables & Figures and in-depth Table of Contents on “Global Automotive Blockchain Market Report 2020” @ .

Top Leading Key Manufacturers are: IBM Corporation, carVertical, Helbiz, ShiftMobility, BigchainDB, XAIN. New product launches and continuous technological innovations are the key strategies adopted by the major players.

Top Industry News:

Austrian Porsche Informatik accelerates innovation with IBM on 08 July, 2020 -- Porsche Informatik, an Austrian company based in Salzburg that offers digital solutions for brands such as Volkswagen, Audi, SEAT, Skoda, Porsche and Lamborghini, has chosen IBM Storage and Red Hat OpenShift to enable holistic data model for its infrastructure platform. This includes more than 160 IT applications that are used by millions - dealers and customers - in over 30 countries worldwide. With the new platform, Porsche Informatik will rely on a system that processes large amounts of data quickly, reliably, integrated and securely. This enables access to high-quality data that can be converted into business results.

As a subsidiary of Porsche Holding, Porsche Informatik supports a large number of software applications. These range from online car configurators, dealer management and spare parts logistics systems to sophisticated platforms such as CarFin - the central business application of Porsche Bank, with more than 30 different interfaces for electronic data exchange between all parties involved, as well as internal and external systems.

"Autonomous driving, connected vehicles and e-drive are among the leading trends in the automotive industry that are increasingly relying on digital know-how. Today, our IT applications not only have to be available around the clock, be fast, reliable and secure, but also - for compliance reasons - also keep some information for years and make it accessible, "says Christoph Büchätter, Head of Computing and Platform Services, Porsche Informatik. "And as we prepare to meet our goal of reducing product launch time by up to 90 percent and leveraging machine learning, AI and cloud native applications, our data consumption is growing at a very fast rate of more than 10 percent monthly.

In order to meet this rapid growth and the increasing need for a continuous, uninterrupted data flow across the entire portfolio of all IT applications, Porsche Informatik decided to start the transformation with the storage systems - the core of the data management processes. They expanded the existing IT environment with a private cloud infrastructure from IBM and RedHat OpenShift. The solution from IBM, which is integrated into the existing archiving system Ceyoniq from Porsche Informatik, helps to effectively manage vehicle data, control costs and ensure the highest level of data security and compliance.

By using IBM Cloud Object Storage and Red Hat OpenShift, Porsche Informatik relies on an open architecture that uses containerized workloads, thereby simplifying the management, protection and storage of more than 200 terabytes of data. In addition, the digital experience of customers and end users is integrated and significantly improved. Thanks to the containerized architecture, the system can now be easily scaled so that there is no more downtime for the end user.

"IBM is a technology leader in the development of hybrid cloud storage and has extensive industry knowledge to quickly integrate business requirements into its products. The broad spectrum of the overall portfolio enables hybrid cloud-based solutions that improve IT security and compliance Improve rules for organizations in the DACH region and worldwide, "says Matthias Pollhammer, IT architect, IBM Austria.”IBM's object-based storage platform for Porsche Informatik is extremely scalable, even to the introduction of hybrid clouds, and can easily meet the company's future requirements for data management and implementation of new analytical approaches that will help store the stored data turn into industry insights.

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Major Points in Table of Contents:

1 Automotive Blockchain Product Definition
2 Global Automotive Blockchain Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Automotive Blockchain Shipments
2.2 Global Manufacturer Automotive Blockchain Business Revenue
2.3 Global Automotive Blockchain Market Overview
3 Manufacturer Automotive Blockchain Business Introduction
3.1 IBM Corporation Automotive Blockchain Business Introduction
3.1.1 IBM Corporation Automotive Blockchain Shipments, Price, Revenue and Gross profit 2020-2025
3.1.2 IBM Corporation Automotive Blockchain Business Distribution by Region
3.1.3 IBM Corporation Interview Record
3.1.4 IBM Corporation Automotive Blockchain Business Profile
3.1.5 IBM Corporation Automotive Blockchain Product Specification
3.2 carVertical Automotive Blockchain Business Introduction
3.2.1 carVertical Automotive Blockchain Shipments, Price, Revenue and Gross profit 2020-2025
3.2.2 carVertical Automotive Blockchain Business Distribution by Region
3.2.3 Interview Record
3.2.4 carVertical Automotive Blockchain Business Overview
3.2.5 carVertical Automotive Blockchain Product Specification
3.3 Helbiz Automotive Blockchain Business Introduction
3.3.1 Helbiz Automotive Blockchain Shipments, Price, Revenue and Gross profit 2020-2025
3.3.2 Helbiz Automotive Blockchain Business Distribution by Region
3.3.3 Interview Record
3.3.4 Helbiz Automotive Blockchain Business Overview
3.3.5 Helbiz Automotive Blockchain Product Specification
3.4 ShiftMobility Automotive Blockchain Business Introduction
3.5 BigchainDB Automotive Blockchain Business Introduction
3.6 XAIN Automotive Blockchain Business Introduction
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