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Blockchain in Automotive and Aerospace & Aviation Market to Reach $20.62 Bn by 2029

The process of evolution of smart technology has considerably changed the overall automotive and aerospace & aviation industry in terms money saving, ensuring increased safety, and convenience of the users. With the integration of the advances technologies such as blockchain in the industry, operation costs can be saved, enhancing the productivity and transparency among the users and stakeholders. Moreover, the global automotive and aerospace & aviation industry is going through a period of wide-ranging and transformative changes with a shift in the consumer behaviour as well as increasing implementation of stringent environmental regulations. Rising safety and security concerns, growing demand for connected vehicles, and advent of revolutionary trends, such as ride sharing and autonomous driving, are expected to increase the demand for data and connectivity features within an automobile.

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