Smart Contracts in the Automotive Industry

The automotive industry has undoubtedly significantly changed our societies and daily life. It is among the most advanced, complicated, and innovative industries. The automotive industry is an essential driving factor of many other advanced industries, it requires the contribution of many other technologies like advanced manufacturing systems, cyber-physical systems, and robotics. Blockchain technology can be highly beneficial for the automotive industry, to enhance its data security, integrity and reliability, tracking and location management, enhanced connectivity, mobility-as-a-service, tamper prevention, and fraud detection. One of the emerging blockchain capabilities is smart contract enforcement and autonomy. In this article, a basic overview of smart contracts is given, early history, definition and concepts, relation with the blockchain, listing its benefits, data sources, design, and describing its importance, finally the authors highlighted some serious, outstanding and worth to mention steps toward activation and enabling the smart contracts and blockchain roles in the automotive industry specifically and the industry in general.

• Record URL:
  • https://doi.org/10.1007/978-981-15-9529-5
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/9789811595288
• Supplemental Notes:
  • © The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2021.
• Authors:
  • Hornyák, Olivér
  • Alkhoury, George Farid
• Conference:
  • Vehicle and Automotive Engineering (VAE 2020)
  • Location: Miskolc , Hungary
  • Date: 2020-11-25 to 2020-11-26
• Publication Date: 2020-10

Language

• English

Media Info

• Media Type: Web
• Edition: 1
• Features: References;
• Pagination: pp 148-157
• Monograph Title: Vehicle and Automotive Engineering 3: Proceedings of the 3rd VAE2020, Miskolc, Hungary
• Serial:
  • Lecture Notes in Mechanical Engineering
  • Publisher: Springer International Publishing
  • ISSN: 2195-4356
  • EISSN: 2195-4364
  • Serial URL: http://link.springer.com/bookseries/11236

Subject/Index Terms

• TRT Terms: Blockchains; Contracts; Information processing; Motor vehicle industry
• Subject Areas: Administration and Management; Data and Information Technology; Highways; Vehicles and Equipment;

Filing Info

• Accession Number: 01892587
• Record Type: Publication
• ISBN: 9789811595288
• Files: TRIS
• Created Date: Sep 11 2023 11:39AM