Audi is experimenting with blockchain technology, intends to offer the cryptocurrency as a payment method in the near future

Audi is experimenting with blockchain technology, intends to offer the cryptocurrency as a payment method in the near future

The German car manufacturer Audi is testing blockchain technology for their distribution networks. Using the blockchain Audi sought to improve the security and transparency of their supply chains.

Last year, the car manufacturer has released a Proof-of-Concept (PoC) of its blockchain system, after the successful test of the technology based on IBM Hyperledger Fabric and due to the positive feedback the guide Audi took the decision to transfer the project to the next stage.

The research team, consisting of representatives of the various departments: Finance, logistics, production and of course it is currently engaged in the study of international logistics processes, including financial.

In addition, the team is exploring various options of using the blockchain to enhance the security of data transmission, efficiency of supply chains and the management of digital objects.

Alexander Dittmeyer, head of financial Department in the Audi AD, said in an interview with Die Produktion that the blockchain has huge potential and could change the principles and approaches to work in industrial companies. Ditmeyer also stressed that he considers it likely that Audi will offer the cryptocurrency as a payment method in the near future.

Other German automakers such as BMW, Mercedes and Porsche are also actively involved in developments in the field of blockchain.

For example, Mercedes Benz is working on its own cryptocurrency MobiCoin, which will reward drivers for eco-driving.

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