From the development of Horseless carriage in the 1860s, the automotive industry has come a long way to becoming one of the world’s biggest economic drivers by sales. Likewise, the automobile supply chain, second only to the computer market, is one of the most complex and dispersed. The vehicle supply chain includes not just the supply of assembly materials but also the purchase and delivery of replacement parts. These vehicle spare parts are used in after-sales facilities and are a significant source of revenue for car manufacturers and OEMs. Read on how blockchain supply chain development for blockchain automotive traceability system proves effective in improving the bottom line while preventing counterfeits.