Problem: Government Just in the US spends > $1 billion a year to solve registration and licensing Police vehicles spend >$20k per vehicle to retrofit for license plate reading
Dealerships Take months before sending a plate to customer Spend >$25 per vehicle for each call to the DMV
Fleet Managers Entire departments to manage tickets, registration and licensing Significant fines and lost uptime due to vehicle identity issues
Vehicle Identification Platform - Why blockchain? Blockchain based - irrefutable ownership Open source software - public audit, higher security Permissioned read/write - only authorized officials can access information
Encrypted Open Source Hardware Standards published, many manufacturers can compete for solution Wireless identity transmission could lower infrastructure cost Vehicle Identity address transmitted through dynamic encryption Estimated bill of material cost similar to metal plate
Benefits for everyone who interacts with a vehicle Greater privacy for the 222 million american drivers $ Billions in savings for government both state and local Linking for car related payments with owner’s wallet Trusted identity/ownership the cornerstone for future vehicle based services: Peer to peer sales Vehicle use data for greater resale value Payments Environmental Certifications Road Use
Built With
- blockchain
- css
- hardware
- html
- javascript
- smart-contracts
- solidity
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