Key Solution to Vehicle Purchase Process Using Blockchain Technology
Authors
Wasimuddin, Muhammad
Issue Date
2019-03-29
Type
Other
Language
en_US
Keywords
Blockchain , Vehicle
Alternative Title
Abstract
Much of everyday shopping such as groceries, clothes, household or vehicle involve human presence in the relevant department. Vehicle sale and purchase depends on dealer's reliability in terms of how precise or accurate the car fax report is. The emission report and vehicle’s history of repair helps client in making the right decision regarding the purchase. The process of vehicle purchase, payment, getting it insured and registered at DMV is a long and tedious work. We present a Blockchain technology based Smart Contractor solution, that will provide all this tedious work on behalf of a person. We present two step approach to the vehicle purchase process, converting the existing business flow of purchase process into Blockchain ledger and design a Smart Contractor.