Implementation of Blockchain in Automotive Industry to Secure Connected Vehicle Data: Study and Analysis

The automotive industry is undergoing rapid transformation because of the collaboration between technology companies and automakers. To support the present trend of connected cars, several stakeholders like insurance firms, car buyers and sellers and government agencies need different kinds of vehicle data. Data gathering is currently either manual or unverified, which raises trust, validity, and exactness concerns such as tampered safety checks and false or duplicate vehicle data records, among others. A robust instrument that is capable of safeguarding vehicle data is essential. It is necessary to record the changes for the purpose of auditing and ultimately establishing faith in the system. To meet these requirements, we propose utilizing blockchain technology. Healthcare, transportation, finance, cybersecurity, and supply chain management are just a few of the fields in which blockchain technology has recently gained popularity and been implemented. The determination of this survey is to deliver a comprehensive investigation of the advantages and uses of the Blockchain application in the automotive segment.