Blockchain technology was created to support the currency Bit Coin.
Appears the rapid adoption by banks, securities, insurance changing things.
Blockchain has never been hacked so this may be the solution to car hacking.
Blockchain Technology is coming to automotive if not already here.
Savings being experienced by banks will come to automotive systems.
Insurance companies using BT to sell insurance & mutual funds means F&I applications.
Airline loyalty programs to be migrated to OEM and dealer loyalty programs.
People are turning to Blockchain for solutions and auto will soon.
Get up to speed on BlockChain from Business Week article May 23 issue
Toyota seeks to take back Green Image claimed by Tesla.
Toyota hopes hybrid-gas-electric car will get 45 mpg.
Marai creates its own electricity on demand to power motor.
Hydrogen powered vehicle can be fueled in 5 minutes.
Problem: no H2 fueling stations, only 16 in the U.S.
Will give Toyota the Opp to regain green image & spotlight.
Cost of the Marai: $57,500 or lease for $500/month.
First Element Fuels building 19 H2 Fueling station in CA with Toyota loans.
Shunning electrics because of battery constraints.
Vroom business model similar to UC Retailers except refurbishes & guarantees
Competitors are Beepi, Shift, & Carvana.
Seeks to make used car purchase amazing mechanically & cosmetically.
Specializes in accident-free, low mileage, & inspected used vehicles.
Removes hassle, haggle, & hard sell; Works to get car out the door quickly.
Logistics algorithm provides inventory management like factory assembly line.
Needs to move volume because overhead higher than online providers & dealers.
Delivery is free and soon to be in 24 hours with company drivers .
Zoom in on this Vroom story to learn how more disruption is coming to traditional UC market. _________________________________________________________________________________