Audi has become the latest company to declare its interest in DLT, seeking to increase security and transparency in its global supply chains.

Employees of several divisions of the company work on the creating such a system. Among them are the financial division, production and logistics. According to CoinTelegraph, the system is being developed to simplify the workflow.

Alexander Dietmeier, Head of Group Treasury at Audi AD, said that it will change the industry.

“Blockchain has the potential to change the different operating principles in industrial companies and opens up new opportunities. Perhaps in the future, Audi will offer a cryptocurrency as a way of paying for goods, “he said.

BMW, Porsche and Mercedes are also developing systems based on blockchain. Mercedes has even added a cryptocurrency for its loyalty program.