Blockchain Development for Automotive Solutions

Accelerating Technology Innovation in the Automotive Industry with Blockchain-Powered Solutions

MOBI brings together BMW, Bosch, Ford, General Motors, Groupe Renault, Accenture, IBM, and others to explore blockchain’s potential in mobility

Blockchain-Based Automotive Solutions

At Oodles, we discover and develop potential applications of blockchain to improve the future of mobility. We empower the automobile business with inventive blockchain solutions ranging from vehicle manufacturing, supply chain traceability, or emerging electric car solutions to ride-sharing and more. We have evaluated blockchain opportunities across the automotive value chain and found that its characteristics can:

Authentication and operational efficiency

Enhancing efficiencies across the supply chain and back-office operations

  • Parts authentication and traceability
  • Smart supply chain
  • Specific vehicle recalls
  • Know your supplier (KYS)

Incentivization and Vehicle Management

Augmenting vehicle information management and usage data

  • Dealer and customer incentivization
  • Digital Log Book
  • Fake Odometer On-demand
  • Mobility and Ride-Sharing

Insurance, Financing, and payments

Simplifying transactions processes and information exchange

  • Insurance Contract Management
  • Automated leasing and financing
  • Connected Customer Services
  • Micro Electric Vehicle Payments

At Oodles, we discover and develop potential applications of blockchain to improve the future of mobility. We empower the automobile business with inventive blockchain solutions ranging from vehicle manufacturing, supply chain traceability, or emerging electric car solutions to ride-sharing and more. We have evaluated blockchain opportunities across the automotive value chain and found that its characteristics can:

Authentication and operational efficiency

Enhancing efficiencies across the supply chain and back-office operations

  • Parts authentication and traceability
  • Smart supply chain
  • Specific vehicle recalls
  • Know your supplier (KYS)

Incentivization and Vehicle Management

Augmenting vehicle information management and usage data

  • Dealer and customer incentivization
  • Digital Log Book
  • Fake Odometer On-demand
  • Mobility and Ride-Sharing

Insurance, Financing, and payments

Simplifying transactions processes and information exchange

  • Insurance Contract Management
  • Automated leasing and financing
  • Connected Customer Services
  • Micro Electric Vehicle Payments

Solving Challenges of the Automotive Industry with Blockchain

Supply Chain

Problem

Slow and opaque supply chain activities

Solution

Smart processes on the distributed shared ledger

Insurance

Problem

Risk of fraud, slow claim processing, and complex contracts

Solution

Fool-proof automated insurance and settlement payments

Manufacturing

Problem

Infiltration of fake or defective parts with no detection

Solution

Traceability of parts origin and integrity from OEM to an automaker

Ride Sharing

Problem

Centralized, insecure data, intermediaries, and slow transactions

Solution

No intermediaries, authenticity, new business opportunities

Vehicle Recalls

Problem

Increased costs, incapability of finding specific defective parts

Solution

Quick identification of defective parts, targeted recalls

Ownership Transfer

Problem

Inability to verify information, paper-based, and lengthy processes

Solution

Digital ownership records, real-time information verification

Supply Chain

Problem

Slow and opaque supply chain activities

Solution

Smart processes on the distributed shared ledger

Insurance

Problem

Risk of fraud, slow claim processing, and complex contracts

Solution

Fool-proof automated insurance and settlement payments

Manufacturing

Problem

Infiltration of fake or defective parts with no detection

Solution

Traceability of parts origin and integrity from OEM to an automaker

Ride Sharing

Problem

Centralized, insecure data, intermediaries, and slow transactions

Solution

No intermediaries, authenticity, new business opportunities

Vehicle Recalls

Problem

Increased costs, incapability of finding specific defective parts

Solution

Quick identification of defective parts, targeted recalls

Ownership Transfer

Problem

Inability to verify information, paper-based, and lengthy processes

Solution

Digital ownership records, real-time information verification

Supply Chain

Problem

Slow and opaque supply chain activities

Solution

Smart processes on the distributed shared ledger

Insurance

Problem

Risk of fraud, slow claim processing, and complex contracts

Solution

Fool-proof automated insurance and settlement payments

Manufacturing

Problem

Infiltration of fake or defective parts with no detection

Solution

Traceability of parts origin and integrity from OEM to an automaker

Ride Sharing

Problem

Centralized, insecure data, intermediaries, and slow transactions

Solution

No intermediaries, authenticity, new business opportunities

Vehicle Recalls

Problem

Increased costs, incapability of finding specific defective parts

Solution

Quick identification of defective parts, targeted recalls

Ownership Transfer

Problem

Inability to verify information, paper-based, and lengthy processes

Solution

Digital ownership records, real-time information verification

Blockchain-Powered Distributed Ledger Empowering the Automotive Value Chain

Blockchain brings automotive stakeholders involved in various processes like design, manufacturing, distribution, tracking, compliance, selling, financing, recalling, and servicing of vehicles, on a single, shared ledger and thereby, enables transparency, accountability, efficiency and security across the ecosystem

Blockchain-Based Supply Chain Development Services

Vehicle Parts Traceability and Authentication Solution

We develop automotive supply chain solutions that capture, store, and update the information of vehicles and spare parts on the blockchain shared ledger immutably. It enables car service centers, car manufacturers, customers, and other stakeholders to track auto-part provenance throughout the supply chain. Our solutions ensure transparency, traceability, and verifiability of automobile components and raw materials

Vehicle Component Recall Solution

We build automotive applications that enable car OEMs (Original Equipment Manufacturers) to identify vehicles containing defective parts. Manufacturers can further issue targeted recalls or service bulletins for these vehicles. It can reduce disruption to customers as well as the recall costs for the process. It can ensure no massive recalls that translates to a considerable cost. The solution also enables the status tracking of a recall

Incentive Services Management

Our blockchain solutions enable the issuance of loyalty points for dealers and customers. They can redeem and use those loyalty points as a currency within an automobile loyalty network. Once a customer has redeemed his loyalty points, the solution will update a dealer’s account for participants on the network to view. We use blockchain and smart contract technology bases solutions for instant redemption of loyalty points

On-Demand and Ride-Sharing App

Our solutions automate contracts and financial transactions to enable vehicle owners to monetize P2P ride trips. They interconnect smart, autonomous vehicles, car-sharing providers, and end-users reliably and securely. They enable users and car-sharing providers to register on the blockchain for secure and seamless data exchange, including vehicle location, contract terms, and user payment information

Insurance Services Management

We develop blockchain applications that enable insurance firms to form customized vehicle insurance contracts as per actual driving behavior. They do so by processing a vehicle owner’s driving behavior events like speeding and mileage and safety events like defective parts and collisions. The solutions efficiently and securely automate automobile insurance claim payments and financial settlements following an insurance claim

Supplier Identity Management

We build blockchain KYS solutions that collect, record and validate supplier details before a supplier delivers services to automotive companies. Once stored and approved, they execute supplier payments and contracts with smart contracts when a service or product gets fulfilled as per the business agreement. They enable stakeholders to manage supplier digital identities for digital agreements, digital assets, and workflows

Blockchain Platforms We Work On

We implement smart contracts to automate business operations with the following blockchain technologies.

FAQ (Frequently Asked Questions)

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