Ability to Drive Supply Chain in the Automotive Industry using BaaS Platforms

  • February 5, 2022
Truck on a highway in the night

The zero-coding, UI-driven BaaS platform concept is designed to reduce operational overheads, drive supply chain transparency, and accelerate blockchain-enabled innovations, which can lead to increased revenue growth.

Let’s begin – what is BaaS? BaaS stands for backend-as-a-service, which is a types of SaaS model that allows developers to focus on the frontend of their applications and leverage backend services without building or maintaining them. 

IDC is one of the most premier global providers of market intelligence and expected enterprise blockchain spend to hit $6.6B in 2021. While the growth seems large, the adoption has unique hurdles. Some of these challenges include the ability to identify and agree upon the correct use cases, ability to build and deploy scalable networks, integration with existing IT systems, as well as high-availability network maintenance.

The automative industry is experiencing high projections in the use of blockchain-enabled systems. According to MarketsandMarkets analysis, the global automotive blockchain market is projected to grow from $350M in 2020 to $5.29B by 2030 at a CAGR of 31.19%. Similarly growth is predicted in the global manufacturing & supply chain market, which has projected growth from $253M in 2020 to $3.2B in 2026 at an impressive CAGR of 53.2%.

Leader in the field, Blockedge Technologies reviewed a case study from company Palantir. Blockedge Technologies quoted the following, “Quality teams at a major automaker could not access or connect in-service vehicle data to plant-level manufacturing processes.

Without key information on part performance in the field, it was impossible to proactively identify and improve emerging issues in the quality control lifecycle. The company was searching for a technological solution that would allow them to take ground from their competitors in consumer reviews.

Here was Palantir’s solution:

> The automaker integrates data from warranty claims, diagnostics, dealers, connected vehicle sensors, and vehicle metadata into shared a data asset across plants.

>  Issues are automatically ranked for investigation, allowing engineers to address the most pressing and costly defects first.

>  A unified data environment allows both assembly plants and C-suite executives to operate on the same set of KPIs and performance metrics.

Here was the impact:

> Issue diagnosis and quality reporting take minutes instead of hours

>  Issues are resolved 80% faster.

> Improved quality, reliability, and consumer ratings.

>  Operating on a common set of KPIs.

Simplified plug-and-play BaaS platforms that are contradictory to built-from-scratch manual solutions are becoming the main players. Imagine a world where you have an entire platform that requires zero-coding, Yes, I just said that. A future world that facilitates the generation of iterative dApps, provides multi-cloud and multi-chain support. If this type of technology was harnessed by a UI-driven Network Manager, the platform enables advanced automation and is set to accelerate business transformation for companies and consortiums alike.

What is the point of all this BaaS speak? Blockchain technology, with its security, trust, and transparency capabilities, enables companies to collaborate and solve shared challenges. But successful adoption depends on careful implementation.”

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