Now, picture a world where you don’t even have to make an appointment—where your local dealership was automatically notified the second your tire rolled over that blasted pothole and this notification set off a chain of automated events that allowed you to bring your vehicle in at your leisure, where a brand new tire (one that fits) and a cup of coffee would be waiting for you? And the best part? The claim with your insurance company has already been submitted.
This is how the conjugation of artificial intelligence and blockchain technology is set to turn the automotive industry on its head. The inarguable “boon” of autonomous vehicles or “connected cars” is the astronomical amount of data each individual smart car can convey to manufacturers. Everything from a flat tire to the type of coffee the driver prefers can theoretically be embedded in the data collected by connected cars.