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31 01 2019 02

Blockchain is establishing its presence in the automotive sector; the technology shows revenue potential of $120 billion in 2030, according to a recent study by global strategy and marketing consultancy Simon-Kucher & Partners.

Car owners and other road users are already interested in the many ways in which this technology can be used. Survey participants were particularly interested in time-saving solutions, such as traffic congestion management (48%) and automated payments (54%).

Applications that provide added security such as protected data access (50%), enable increased efficiency such as automated payments (54%), or greater convenience such as remote access (46%) were also popular with participants.

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