Storing car data on the blockchain

Storing car data on the blockchain

Saving important car data: mileage, maintenance, accidents, etc. as a permanent record in the blockchain

Problems

Mistrust of information about a car on the secondary market is currently caused by a number of reasons:

A significant number of cars with modified odometer readings.

Information about defects are carefully hidden.

Fake documents about maintenance.

Information is falsified professionally and at a high level.

New model

New technology allows the placement of key information about the car in the Credits blockchain. For example, if you input data on the mileage of a car for a certain date, it can not be changed in the future. The future buyer will be certain that this data was not placed there directly before the sale. It is impossible to change this information.

Blockchain benefits

Simplicity of recording data into the blockchain: you can save information such as mileage, maintenance, accidents and repairs.

It is impossible to falsify or change the date of information after entering it.

There is no administrator. There is no central administrator or a manager with the right to change information.

Simple access to information via the web interface or API.

Manufacturers and other market participants, who enter data into the blockchain will have a unique competitive advantage.

Read about Credits solutions for storing information about cars.

Have a look at what opportunities are opened up by blockchain for the automotive industry.

Why Credits?

We have created a unique blockchain platform called Credits, which makes it possible to use blockchain technology in the banking industry.

A unified protocol for issuing, storing and transferring financial assets

Infrastructure on a distributed network with a public registry

Accounts system with public and private keys

Set of security systems

Built-in programming language for creating services

Contact us

We have a strong team of programmers and support offering:

Consultations on how to use technologies

Help with PoC (proof of concept) and MVP development

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Free consultation from Credits team