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This year, sentiment has declined to a tepid level with respect to cryptocurrency markets. For example, while some experts still believe that bitcoin could crack the $100,000 mark, the price of bitcoin slumped to under $16,000 this November.
Some auto companies have begun piloting this emerging technology. Volkswagen Group collaborated with tech company, Minespider to trace its raw materials back to the point of origin. Blockchain technology programs at BMW have inspired initiatives that accelerate data visibility.