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Blockchain to help automakers tame tangled chip supplies

Vehicle and semiconductor makers to join hands on tracking system

An electric engine of Mitsubishi Motors is displayed at the Geneva International Motor Show. As more chips are integrated into autos, managing the supply chains has become more complicated.   © Reuters

TOKYO -- Ford Motor was once the model of a vertically integrated company, handling everything from growing timber to assembly finished vehicles in Michigan. Fast forward 100 years and the current auto industry is completely different -- dependent on supply chains that sprawl across the planet and myriad industries. 

But as supply chains become more complex, so has their management. And the challenges are sure to increase as the number of semiconductors in automobiles skyrockets. To address this, automakers are joining with chipmakers looking to the innovative technology that gave birth to the bitcoin, blockchain.

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