Gartner Research

How Automotive and Transportation CIOs Should Address the Increasing Popularity of Blockchain

Published: 15 June 2017

ID: G00325648

Analyst(s): Fabio Chesini, Martin Birkner

Summary

Blockchain technology does not get much attention from automotive CIOs today. However, CIOs should not underestimate the transformational character of this fast-evolving technology, and instead should now assess its proper use for value exchange in the automotive industry.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • The deployment of distributed ledger technology and smart contract capabilities in the automotive value chain holds considerable potential for automation and efficiencies, requiring CIOs to assign higher priority to that technology
  • Distributed ledger technology potentially creates the basis for new collaboration models along the value chain and vehicle usage, resulting in de facto standardization of the transaction layer of the connected vehicle stack, requiring CIOs to assess making their own or using external ledger strategies
  • Distributed ledger technology and smart contract capability in automotive are gaining popularity at a fast speed and will require CIOs to experiment more quickly to understand the right problems to solve with this technology

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