You’ve been told that blockchain technology is a synonym for Bitcoin and other cryptocurrencies; that it’s a dark web thing that produced the nefarious Silk Road. Equating anything blockchain to the automotive industry carries an ominous and foreboding tone.
It shouldn’t. Blockchain technology might be a structure shared by cryptocurrency, but it’s far from being anything wicked. It’s a method of decentralizing information to maintain or enhance its integrity.
It’s not easy to understand at first glance, but there is one certain thing: these transactions are incredibly secure.
The security factor is perhaps the singular most important reason that blockchain technology will come to the automotive industry.
