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Hyundai Mobis adopts blockchain for auto parts authenticity

Hyundai Mobis adopts blockchain for auto parts authenticity

by admin
January 10, 2021
in Insurance
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Fast take

. Hyundai Mobis declares the launch of the MAPS platform.

. The platform is enhanced by superior applied sciences, resembling synthetic intelligence (AI), machine studying, and blockchain.

The South Korean components and repair large, Hyundai Mobis, has not too long ago introduced the launch of the MAPS platform (Most Superior Elements System), which it unveiled on Might 3.

In accordance with their press launch, MAPS will allow the corporate to test the worldwide components manufacturing and logistics motion course of in real-time. Furthermore, the brand new platform will scale back pointless transportation prices and maximize buyer satisfaction by making fast choices based mostly on information in abroad areas.

In accordance with Hyundai Mobis, the entire customers of its new platform is predicted to achieve round 100,000 customers, with home components businesses, upkeep outlets and distribution facilities being projected to make up the majority of its customers. Extra customers embody sellers unfold throughout 200 international locations around the globe.

In ita newest press releases, the South Korean firm made it clear that it had utilized blockchain expertise in its new system with the intention to make sure the authenticity of the merchandise. By distributing and managing the real info produced at every distribution stage, the ultimate client can simply test whether or not it’s real by scanning the QR code on the product packaging. The step goals to remove the phenomenon of economic fraud widespread in some international locations.

Hyundai Mobis additionally plans to implement blockchain expertise in areas resembling car upkeep and insurance coverage that require transparency of AS components info.

Lee Sang-yeol, vp of MAPS TFT at Hyundai Mobis, mentioned, “We preemptively launched new IT applied sciences such because the 4th trade to offer improved after-sales service to clients utilizing world Hyundai and Kia. We are going to try to construct a logistics platform specialised in service. ”

Just lately, the automotive sector has proven a terrific curiosity in blockchain expertise. In April 2019, Japanese auto producer Toyota launched its blockchain answer “Toyota Blockchain Lab” in-house collaboration with Toyota Monetary Providers Company.

The German large BMW introduced final March the adoption of blockchain expertise within the subject of provide chains.

Hyundai Industrial, which gives leasing and monetary companies for business autos, has adopted a blockchain answer from IBM.

Porsche funded a €5.5 million German startup that gives a blockchain-based car administration system.

Lamborghini has adopted blockchain expertise to authenticate heritage Lamborghini automobiles.

Disclaimer: This text is offered for informational functions solely. It’s not supplied or supposed for use as authorized, tax, funding, monetary, or different recommendation.



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Tags: adoptsauthenticityAutoblockchainHyundaiMobisparts

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