How Blockchain* May Disrupt the Automotive Industry An Insider s View

Transcription

1 How Blockchain* May Disrupt the Automotive Industry An Insider s View Data usage Cooperation models Peter Busch DLT Mobility *Rather Distributed Ledger Technology (DLT)

2 The Bosch Group Four Business Sectors Key figures 2017* Bosch Group 78 billion EUR in sales associates 280 plants in 60 countries Mobility Solutions One of the world s largest suppliers of mobility solutions Industrial Technology Leading in drive and control technology, packaging, and process technology 61% share of sales Energy and Building Technology One of the leading manufacturers of energy-efficient heating products and hot-water solutions and leading in security and communication technology Consumer Goods Leading supplier of power tools and accessories Leading supplier of household appliances 39% share of sales 2 * as of 12.17

3 OMNIPRESENT THE INTERNET OF THINGS CONNECTED PRODUCTS MARKET PRESENCE INNOVATIVE PLATFORM ~50% 27m IoT-Products 70 Bosch-Projects All electronic Bosch-product categories are IP-enabled Produced by Bosch in 2016 Currently realized on Bosch-IoT-Cloud 3

4 Distributed Ledger Technologies: Five Phases Towards an Economy of Things 1 DIGITAL CURRENCY 2 DIGITAL NOTARY 3 SMART CONTRACTS 4 DIGITAL IDENTITY 5 ECONOMIC DEVICE DLT as the basis for payments between humans and machines DLT as the basis for registering immutable, certain and indisputable information records Shared business rules and automatic business execution among different stakeholders Secure and efficient management and tracking of digital identities on the basis of DLT Autonomous IoT devices enter into binding agreements and act as own legal entities Connected car ewallet Supply chain track and trace, odometer fraud prevention Peer-to-peer microgrids, supply chain finance Seamless sign-on, cross-party identity Self-renting autonomous car, energy trading EV Distributed Ledger Technology (DTL) enables the Economy of Things 4

5 DLT enable the Next Generation of the IoT IOT: CONNECTED DEVICES DLT AND SMART CONTRACTS > Connected devices generate and exchange data > Data enables new products, services and business models ECONOMY OF THINGS > CONNECTED devices become ECONOMIC devices > IoT devices with ewallet as a first step > Toward AUTONOMOUS IoT devices, own legal entities > Blockchain as a foundation of cryptocurrencies and an enabler of trust > Decentralized infrastructure to exchange value between humans and machines (and consequently machine2machine!) DLT-based business backbone as alternative to proprietary platforms 5

6 Header of section Car data like Odometer are very valuable Odometer Fraud in Germany: A con game mounting up to over 6 billion EUR every year 1 6 1: TÜV Rheinland study (2015),

7 Header of section CertifiCar: A consumer centric solution 7

8 Example: Hazard Spot Warning Afraid of unforeseeable black-ice or upcoming hydroplaning (or any other dangers)? Let all drivers collect hazard spots and let all the others know! What difference would make Blockchain? Incentive for cars to collect hazard spots to sell the data to the cloud (to buy other services)! Depending on the value of the data, the market prices would be brokered by Smart Contracts 8

9 Consortial Collaboration: Trusted IoT Alliance Current Members Enterprise Companies Blockchain Technology Companies IoT Technology Companies 9

10 MOBI: Mobility Open Blockchain Initiative Status as of May Use Cases Digital History: Tracking Vehicle Data Auto Component Supply Chain Tracking Autonomous Machine Payments Mobility Commerce Platform Data Markets for AV Driving Data Car & Ride Sharing Usage-based Insurance

11 Header of section Thank YOU! Peter Busch Distributed Ledger Technologies Mobility