Blockchain Brings Innovation to Automotive Industry

It seems plausible that the sector-specific Draft Guidelines could have more far-reaching potential implications, chiefly because the issues addressed by the Draft Guidelines are also faced by many other industries with similar business models. Against this background and in an atmosphere of heightened vigilance, the Draft Antitrust Guidelines for the Automotive Industry (the Draft Guidelines) released by the NDRC last year have received significant attention from stakeholders both within the automotive industry itself, and beyond. The Draft GuidelinesThe Draft Guidelines were issued for public facebook/" target="_blank">comment on 23 March 2016. Importantly, the Draft Guidelines also bring, at least within the automotive industry, the PRC position regarding vertical arrangements closer to the approach adopted in other jurisdictions, most notably the EU. The Draft Guidelines are sector-specific in that they are stated to apply only to the automotive industry.


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Blockchain Brings Innovation to Automotive Industry

Porsche recently announced its first Innovation Contest that invited participants to develop blockchain solutions for the automotive industry. The global automotive industry is exploring the use of blockchain technology for big data collection and analysis, and also to make self-sufficient autonomous driving vehicles. The use of blockchain technology is expected to come in handy as the automotive industry moves towards increased digitization of onboard technologies that makes cars smarter. Starting from onboard computers which appeared at least a decade ago, the automotive industry has moved on to self-driven cars, and now they are stepping into the blockchain domain. Overly was quoted saying,"The arrival of big data in the automobile has reason to give consumers pause.




It appears that the Automotive Industry fund's trustees weren't able to benefit from the Treasury's rejection of Central States' application. The decision brings to five the number of multiemployer plans that have had their petitions to cut benefits rejected. Pension & Benefits Daily™ covers all major legislative, regulatory, legal, and industry developments in the area of employee benefits every business day, focusing on actions by Congress,...By David B. BrandolphAn automotive industry pension plan is the latest to have its petition to cut benefits denied by the Treasury Department. Only one multiemployer plan's application has been approved. He was referring to final rules issued under the Multiemployer Pension Reform Act of 2014, which allowed for the filing of benefit cut petitions.


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