Smart Contracts For Connected Vehicles
▻https://hackernoon.com/smart-contracts-for-connected-vehicles-3f69c13e70db?source=rss----3a8144
“Blockchain and related trust enhancing technologies are poised to redefine the automotive industry and how consumers purchase, insure and use vehicles.” — Chris Ballinger, former CFO and Director of Mobility Services at Toyota Research Institute and current CEO and Chairman of Mobility Open #blockchain Initiative (MOBI).When it comes to vehicles, one of the most common consumer complaints is the lack of transparency. From uncertainties about whether a dealer is offering a fair purchase price to mistrust about rising insurance costs and questions about recalls and service requirements, car owners are largely kept out of the loop when it comes to the details about their vehicle.One of the many benefits derived from adopting blockchain in the auto industry is the potential to make everything (...)