The global automotive blockchain is increasing?


Blockchain over bitcoin. The refrain is familiar and gains ground

You could say that here rubber meets the road. Literally.

An estimate that debuted this week through Business Intelligence and Strategy Research (aka BIS Research) states that the global automotive blockchain market will reach $ 1.6 billion by 2026. This represents a compound annual growth rate (CAGR) of 65.8%, as measured by 2018. According to the report, the general accounting technology (DLT) will continue to rise, along with what the BIS has claimed as "the myriad" of benefits that derive from that technology.

The benefits range from transparency to security and, of course, immutability. The research company declared: "By increasing the distributed general accounting technology with automation, a plethora of application cases can be realized, the impact of which extends to the entire supply chain. Application of this technology opens up many opportunities, which can transform products, services and processes across the automotive industry. "

In patent news, Capital One has filed a request to the US Patent and Trademark Office that would leverage blockchain to protect user authentication efforts and increase security initiatives. The patent would receive and store encrypted user data and allow users to authenticate on a variety of platforms.

Securities bids, also

In the financial services area, we have also shown use cases for blockchain how you can use DLT in actual bids. As reported, the China Zheshang Bank, which is one of the largest commercial banks in the country and is private, has issued securities for 66 million dollars on a blockchain platform. The bank had submitted documentation mid-month with the Shanghai Clearing House, declaring in turn that the securities would be supported by portfolios of loans to corporate clients. Outlets including the China Securities Journal noted that the issue was completed last week on August 17th.

According to reports, the blockchain platform, which was known as Lianrong, was designed by the bank, and credits had been offered to a pool of investors. The agreement was made peer-to-peer and focused on the invoices, which had been paid at a discount, as is commonly seen in transactions involving trade receivables.

Blockchain an apple Apple Founder's Eye?

Apple co-founder Steve Wozniak said he intends to "get involved" in a blockchain project, which the cointelegraph noted would be a "first" for him. At the ChainXchange blockchain conference held last week in Las Vegas, Wozniak said that a project could be underway. The site quoted him as saying "I'm involved, very soon, my first time in a blockchain society", with the explanation that "our approach is not like a new currency, or something fake in which an event will increase It is a share of shares in a company.This company is making investments from investors with huge track records in buildings such as condominiums in Dubai. "

Keeping Blockchain Down the Farm [19659009] Cointelegraph also reported that blockchain is helping to improve supply chain dynamics in agriculture, with the aim of helping to enhance transparency in the food supply chain and with the ability to help stakeholders and consumers to monitor the supply of what they eat. The retailer and the actual producers are also able to prevent the contaminated products from reaching the consumer. The publication found that Carrefour brought the blockchain to produce information related to free-range chickens, for example.

In terms of news on loans to individual companies and where the platforms have obtained funding (rather than cryptocurrencies), the blockchain marketing platform Atlas The protocol announced Monday that it had concluded a "million dollar" investment round. The exact amount has not been disclosed. The platform was formed through the efforts of Nebulas Labs and xGoogler Blockchain Alliance, among others, said cointelegraph.

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