BlockChain - A disruptive technology in Automotive Industry
When i decided to buy a second hand car from a dealer to learn driving, i was sceptical of the mileage usage for which a particular price was charged. Though the well know dealer told me a about the car, its previous usage, the fact that there were no accidents, and so on, there was no reliable way to verify what the dealer was offering. In order to solve such issues, we are looking at a disruptive technique which will cause a complete paradigm shift - by using blockchain technique. This paper talks about the basics of the blockchain technology and its relevance in automotive industry. We also look at some real life scenarios, where this technology helps to build reliability as one of the implicit requirements. We will start looking at how the block chain will help to reliably select the right components in the assembly line. Also we look at different aspects of software architecture like security and how blockchain can provide solutions in this area.