Automotive companies are innovating more and more using Blockchain technologies.
In the automotive manufacturing and supply sector, the number of studies and innovations with Blockchain and related fields is increasing. GlobalData’s patent filing data reveals that compared to last year, applications related to Blockchain in the automotive industry have increased. Blockchain is therefore seen as an important force that automotive companies will face in the coming years.
Blockchain Usage on the Rise in the Automotive Industry
The number of patent applications regarding Blockchain in the automotive industry has increased compared to 2021.
In the last 3 months, more than one automotive company has applied for nearly 10 Blockchain-related patents.
Denso Corp. stands out as one of the leading companies in the automotive production and supply industry with its Blockchain innovations. The Japan-based company has filed 4 separate patent applications on Blockchain since July.
US-based Denso with 3 Blockchain patent applications Ford Motor Co., based in Germany Continental AG(1 application) and based in South Korea Kia(1 application) followed.
Apart from all these applications, Renault’s entry into the metaverse with The Sandbox, automobile-related assets on NFT platforms and domestic automobiles. Toggwith Ava LabsCollaborations between crypto companies and automotive companies increase the ties between Blockchain and the automotive industry.
