54% of automobile pioneers will implement their first commercial blockchain network at scale within next three years, said a study by IBM Institute for Business Value
62% – executives say blockchain technology to disrupt automobile industry in three years
54% – expect new business models to influence investments in blockchain
Study surveyed 1,314 automotive executives across 10 countries
55% – OEMs say blockchain implementation to improve imperfect information in their business networks
52% – original equipment manufacturers felt information risks can be improved
42% – OEMs say blockchain can overcome regulatory constraints
As blockchain networks begin to engage and integrate with other business networks, opportunities to provide new services and generate new revenue streams will emerge,"
— The study
