The Convergence of Blockchain and AI in the Automotive Industry
The partnership between Hyundai Motor Company and Kia Corporation aims to enhance carbon emissions management by utilizing blockchain and artificial intelligence (AI) technology. The companies have developed the Supplier CO2 Emission Monitoring System (SCEMS), which focuses on secure and accurate carbon emissions data collection within the supply chain. The system also uses AI to project future emissions more accurately. By adopting this technology, the automotive giants aim to relieve suppliers of the time and cost-consuming task of forecasting future emissions. The implementation of blockchain and AI technology in managing carbon emissions is a significant step towards promoting sustainability in the industry.
Main Points:
- Hyundai and Kia partner to enhance carbon emissions management
- SCEMS is a blockchain-based system for secure and accurate data collection
- The system uses AI technology for more accurate emission projections
- Suppliers are relieved from the task of forecasting future emissions
- Blockchain and AI technology better monitor and manage data
Hot Take:
The collaboration between Hyundai and Kia in developing the AI and blockchain-based CO2 monitoring system is a significant step towards a greener and more sustainable future. By implementing these technologies, the automotive industry can effectively manage and reduce carbon emissions within the supply chain. This partnership showcases the potential of blockchain and AI in transforming industries and addressing climate change challenges. It also sets an example for other companies to adopt similar systems and practices, promoting sustainability on a larger scale.