Blockchain Technology: a Review of Feasibility and Adoption Levels in the Automotive Industry

Blockchain technology is undergoing a global transformation of industries, fundamentally reshaping how societies engage in trade and interactions. This paradigm shift is primarily attributed to its capability to facilitate the exchange of financial value and interactions among mutually distrusting entities, obviating the necessity for a trusted third party. The main objective of this review is to assess the feasibility of integrating blockchain technology into the automotive sector, with a particular emphasis on the current adoption levels among leading car manufacturers. Following a concise introduction, the paper tackles the challenge of evaluating the appropriateness of blockchain as a technical solution for specific application scenarios. The main portion of the study provides a comprehensive examination of blockchain applications that have been tested and implemented by leading automotive manufacturers. This enables the assessment of both the adoption level and the innovation capacity of these technologies within the automotive sector.