Audi Blockchain

The Ingolstadt-based car manufacturer Audi is currently examining how the blockchain can be integrated into the Group’s distribution processes.

Audi is currently working on a proof of concept (POC) on how the blockchain can be used to map and document international logistics processes. Audi has been working on the technology since last year. The first experiences with it must have been very positive, because the management has decided to develop the concept further.

At the moment, Audi wants to represent only a specific distribution process with Blockchain technology. If the concept continues to be successful, then an extension of the project is conceivable.

According to the company, the blockchain has the potential: “to change the different ways of working of an industrial enterprise and to open up new possibilities”.

The use of the blockchain in logistics has the advantage that everyone can track which stations have gone through individual parts. From the production to the final assembly, each banner will have its own parts. As a result of the fact that the data was written unmanipulatable in the blockchain, the origin of individual parts can no longer be changed / counterfeited in hindsight. Blockchain is therefore also a good tool for reducing product piracy in the long term.

image by shutterstock

You want the latest news about Crypto? Sign up to our weekly Newsletter!

Previous articleThe Latest Gripping News on Ripple (XRP)
Next articleIntroduction to Reversal Chart Patterns - Bitcoin News source since June 2011 - Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. holds several Cryptocurrencies, and this information does NOT constitute investment advice or an offer to invest. Everything on this website can be seen as Advertisment and most comes from Press Releases, is is not responsible for any of the content of or from external sites and feeds. Sponsored posts are always flagged as this, guest posts, guest articles and PRs are most time but NOT always flagged as this. Expert opinions and Price predictions are not supported by us and comes up from 3th part websites. Advertise with us : Advertise