Blockchain in the Automotive sector
With Blockchain, informations are forgery-proof and legally valid.
Secure transactions thanks to Smart Contracts automation
Access to the complete history and trace on the Blockchain for each vehicle
Automotive industry has always kept an eye on new technologies in order to improve its internal processes, develop new functionalities and improve end-users' experience. It is therefore not a surprise to see today the emergence of services using the Blockchain in the major brands of the sector.
But, concretely, what can Blockchain bring to current systems and practices? What will this change for companies and for individual users?
This industry is facing many challenges today. In particular, there are weaknesses in transparency, traceability and trust between the many players in its supply chain. It is indeed difficult today, for example, to assess the condition of used vehicles due to the multiplicity of points of sale, repairs and ownership changes. The abundance and diversity of documents related to a vehicle makes it almost impossible to track its history in the current model.
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Data Room traceability and certification
Today, millions of vehicle purchases are made every year. It is therefore essential to provide purchasers with a detailed, authentic and above all certified history of their new vehicle. Thanks to the follow-up of interventions and the verified information provided by this system linked to different French sources, traceability is authenticated and proven to be tamper-proof. All this allows buyers to make a 100% informed decision before making their purchase. With the Data Room, access to authenticated documents is guaranteed at all times and on all media.
A trusted supply chain
In an industry of global size that requires many imports/exports between its parts, problems appear such as theft of goods, missing parts… Thanks to the Blockchain, the supply chain can be optimized on several aspects. Currently efforts are focused on the transparency and immutability of data, cost reduction, management and sharing of digital documentation. These improvements create more secure processes and more seamless and trusted relationship management with suppliers.
CtoC platform for secure sales between individuals
When someone wants to buy or sell a car, many questions about the vehicle cross their mind. Thanks to a retail platform with a Data Room and an advanced KYC system, these questions can now be answered with 100% accuracy. Data Room operates via Blockchain trust, giving access to maintenance history and vehicle data. All informations are forgery proof and authentic, allowing buyers to make an informed decision. KYC's system enables sellers to confirm a potential buyer's identity.
Cryptocurrency, payment with a future.
Whether it's for rental, vehicle sale, repair payment or even an auction system, thanks to a simple secure wallet it is now possible to pay for transactions using cryptocurrency with just a few clicks on your smartphone. By eliminating intermediaries (banks, insurance companies, etc...), we can reduce transactions costs and delays, whether they are between individuals or between supply chain actors. It also makes it possible to raise funds for any projects using platforms such as ICOs or STOs. This new asset management and tokenization solution allows investors to participate in your project.
Do you want to launch an innovative project in the automotive industry?