How Blockchain Can Reduce Costs For The Shifting Electric Vehicle Landscape

“The auto industry has been in the spotlight of late, as the Trump administration has threatened to cut subsidies for electric cars (EVs)—partly in response to the significant layoffs GM announcedin November.

If Congress chooses to eliminate the subsidies, the act would hurt EV adoption in the U.S. and impact the auto industry, which is investing heavily in developing hundreds of new electric models. But within the shifting landscape, blockchain technology—a distributed ledger managed by a peer-to-peer network—can play a part in eliminating costs, adding value, and helping manufacturers stay competitive in a burgeoning market.

Here’s how the technology can play a part in improving the EV and auto industry:…”