The driving force behind the automotive industry
Blockchain works by enabling a group of users with a common goal to create an authenticated tracking system of transactions or events. It is self-managed, secured, accountable (through the use of a ledger) and works with a set of rules and a calculation process.
The accountability of the technology can enable trust in the automotive industry. This is something that has been damaged in recent years due to customers receiving invoices for unnecessary services, costs exceeding the estimate without prior agreement or repairs being invoiced but not carried out. But, implementing blockchain could offer safe and forgery-proof car maintenance books. This would enable a climate of trust to be re-established, and improve relations between the various stakeholders within the automotive sector.
Source: https://ascent.atos.net/blockchain-lead-cheaper-car-insurance/
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