How can blockchain technology disrupt the auto industry?

Blockchain technology has been the new kid on the "block" for some time now and is especially hot when enabling new currencies with the rollercoaster rides that these have recently taken. However, blockchains are not limited to crypto-currencies but are widely being adopted by other industries as well, especially the automotive industry. According to Frost and Sullivan, 10–15% of connected vehicle transactions are expected to be on blockchain by 2025. Toyota is exploring blockchain technology in collaboration with MIT Media Lab to develop a new mobility ecosystem that could accelerate the development of autonomous driving technology, particularly with secure data sharing, car/ride share transactions and usage-based insurance. German supplier ZF and IBM announced in 2017 that they were jointly developing Car eWallet, a payment technology targeting future mobility services.