The cryptographically created data records of blockchain technology not only serve the decentralised and tamper-proof transfer of currencies, but can also make supply chains incorruptibly transparent. The British manufacturer Jaguar Land Rover is now making use of this in a pilot project with the supplier Bridge of Weir, as well as the government agency Innovate UK and the University of Nottingham. The aim is to ensure that the processed leather meets the highest quality and environmental standards, and that it is produced and delivered with low CO2 emissions. For digital tracking, the project uses QR codes, GPS location data and biometric data.
In the future, Jaguar Land Rover could also use blockchain technology for other components, such as battery storage. Jaguar Land Rover’s foray could be another harbinger of a digital-cyptographic revolution in the automotive industry.