Indian car manufacturer Tata Motors has launched a new platform, TACNet 2.0. It will collaborate with startups for innovative solutions in the automation space using blockchain technology.

With this program, the company will develop blockchain-based solutions in the automotive and mobility ecosystem. It includes the parking marketplace, NLP native chatbot, demand prediction algorithm, real-time monitoring of fuel quality (BSVI) and authenticating genuine spare parts. Thus, TACNet will help connect with start-ups and develop a center of automobility innovation. It will be through partnerships for new technologies and or business models.

Tata Motors will invite aspiring start-ups to pitch their business. Thus, it will culminate in a potential for a strategic partnership to even begin a project. The collaboration will help spark innovative solutions in automotive technologies and explore synergies. Shailesh Chandra, President of Electric Mobility Business & Corporate Strategy, Tata Motors said, in order to source solutions, there will be a requirement of both in-house initiatives as well as collaboration with external partners.

In today’s world, almost every segment of the automotive value-chain needs to drive its own innovation story. The automotive industry is thus going through a rigorous transformation phase. With the help of new and advanced technologies industries are manufacturing, digitizing solutions to optimize the operations and supply chain as per the source.