Used cars can be tracked with blockchain in Singapore
Singapore-based car owners will be ready to track used cars with a blockchain platform. The project is officially called “Know-Your-Vehicle” and, according to the developer’s opinion, will be in high demand in Singapore. There are 9 thousand cars per month changed their owners only in 2018.
To avoid trickery the developers of “Know-Your-Vehicle” offer to track vehicles by their service data. The used car data collection platform is launched by sgCarMart — the largest used car data collection platform — in collaboration with Ocean Protocol.
Note that this is not the first project of Ocean Protocol in the automotive area. The company participated in the MOBI Grand Challenge tournament to develop functional transportation systems.