Hyundai Commercial, part of the Hyundai car manufacturing company, has joined forces with IBM to use blockchain to modernise its operations. Open source Hyperledger Fabric technology will allow for the building of a supply-chain finance system for the Hyundai Commercial network of car dealers and manufacturers. The idea is to provide a secure, real-time record of deals and automate jobs formerly carried out manually. Blockchain, which was first introduced in 2009, allows anyone to create their own digital currency called bitcoin.
Hyundai Commercial, part of the Hyundai car manufacturing company, has joined forces with IBM to use blockchain to modernise its operations. Open source Hyperledger Fabric technology will allow for the building of a supply-chain finance system for the Hyundai Commercial network of car dealers and manufacturers. The idea is to provide a secure, real-time record of deals and automate jobs formerly carried out manually. A second Hyundai subsidiary, Hyundai Card, will also use IBM to create an AI-based chatbot for its customer services operations.