Hyundai auto parts manufacturer Hyundai MOBIS, a subsidiary of Hyundai, has launched MAPS, a new artificial intelligence and blockchain-based parts authentication system.
The MAPS platform will be used to distribute parts for Hyundai and Kia vehicles. Up to 100,000 people, including 16,000 dealers in more than 200 countries, will have access to the system throughout the supply chain. The system supports the verification of three million different parts for 300 vehicle models.
Blockchain is used to verify the originality of auto parts. The company is concerned that counterfeit parts are being used in some countries, which could lead to safety problems for cars. Thanks to blockchain, the car owner can scan the QR code on the package of an auto part and check the authenticity of the part.
Another common problem is that repair companies charge full price for original parts, but use analogs instead. In this case, the parts do not provoke safety problems, but the customer does not get what he paid for.
In addition to authenticating parts, Hyundai envisions more use of blockchain in the future throughout the lifecycle of vehicle maintenance. Insurers often pay for original parts, but are confronted with the use of counterparts. In the future, the original parts used will be linked to the vehicle's maintenance records.
When the repair shop scans the vehicle number, it will display information on all parts. The repair shop will record the maintenance information in the vehicle's history. Blockchain will allow this data to be transmitted to the dealer, the repair shop, the insurer, the manufacturer and the owner. MAPS will also use machine learning to predict any delays in parts deliveries.
Recall that in late 2019, Hdac Technology, the blockchain-focused division of Hyundai Motor Group, said it planned to create a $10 million investment fund to fund blockchain. That same year, blockchain infrastructure solutions provider Blocko and a subsidiary of automobile giant Hyundai planned to develop a system to track the history of used cars.