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Search the World's Largest Database of Information Science & Technology Terms & Definitions

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Below please find a list of definitions for the term that
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What is Automated Guided Vehicles (AGV)

Chapter 12

Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector

Automated Guided Vehicles are transport vehicles which automatically guide themselves without direct propulsion, as these are equipped with self-propulsion. These vehicles are autonomous vehicles which are employed for towing and/or carrying raw materials to. For example, warehouses.

Published in Chapter:

Blockchain Technology in the Automotive Industry: Use Cases and Statistical Evaluation

Atakan Gerger (Ege University, Turkey)

Source Title: Industry Use Cases on Blockchain Technology Applications in IoT and the Financial Sector

DOI: 10.4018/978-1-7998-6650-3.ch012

Abstract

Even though the automotive industry was among the key players of the industrial revolution in the last century, striking transformations experienced in other sectors did not have significant repercussions on this industry until a few years ago. However, general advancements in technology and Industry 4.0 have presented new opportunities for the reconfiguration of the business environment. Developments in cryptocurrencies such as bitcoin, in particular, have attracted the attention to what is known as blockchain technology. Several successful examples of blockchain applications in different industries have tempted the automotive industry to be rapidly involved with efforts in this direction. As a consequence, the application of the blockchain technology to highly diverse areas in the automotive industry was set in motion. The purpose of this chapter is to explore the application of blockchain technology in the automotive industry, to analyse its advantages and disadvantages, and to demonstrate its successful in general.

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