Self-proclaimed electrification, automation and digitalization world giant Siemens has shown an interest in adopting blockchain-based solutions. Particularly, Siemens is exploring the utilization of blockchain within the transportation industry, as per a report by Forbes on July 15.

According to Siemens company Technology’s head of cybersecurity and blockchain, Andreas Kind, Siemens is wanting to include blockchain technical school into carsharing via Siemens quality — one among Siemens’ subsidiaries.

According to the Enterprise CarShare web site, carsharing reportedly refers to using or renting a car for a brief amount of time. As a preferred example, the report cites the rental service Zipcar.

One issue with this technique, says Kind, is with the associated fueling cards, which permit the car renters to refill on gas. However, using the card is subject to variety of restrictions on the client end e.g. they will solely use the card at specific stations and that they are generally stolen. Kind said he believes that this kind of technology could be improved via a blockchain solution:

"It's not solely inconvenient for the drivers, it's inconvenient for the businesses as a result of provision cards get taken [and] they get sold on the net [...] That's an example wherever, in an industrial context, you wish something, a technology, that brings along different participants that [don't] absolutely trust one another [...] That's precisely wherever blockchain will add value."

Siemens is additionally considering alternative areas within the transportation sector for blockchain solutions. Siemens' company Technology reportedly presented on a possible blockchain solution for “blockchain-based smart parking” at Bosch's 2019 Connected World conference.

According to the report, Siemens is additionally considering blockchain use cases for supply chains and manufacturing. Siemens is additionally apparently leaning toward using a permissioned blockchain, however, the firm remains within the testing and discovery phase, and remains reportedly exploring the viability of varied use cases.

As antecedently reported by Top Market Group , Grand read research has suggested that blockchain may be a digital technology driving market growth within the world transportation management systems (TMS) sector. Thanks partially to blockchain and alternative technological innovations, the TMS market is projected to achieve $198.82 billion by 2025 with a compound annual rate of growth of 16.2%.

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