Author : Deepanshu Kapoor 1
Date of Publication :23rd November 2018
Abstract: The used automobile industry is an ever expanding disarray. With this pace of expansion, the industry is also subject to a few vulnerabilities. The industry is based around only a few factors including official documents regarding the manufacturing date, sale deed, service record and the mileage of the car. Documents are protected by the government departments while the mileage is a variable under the tertiary influence. Odometer readings area unit the proof of the gap a automotive has traveled. This helps the customer to understand regarding the condition of the automotive. This is a fraudulent activity, scamming the buyer of his right to transparency and truth, that resulting in distrust between the customer and also the trafficker. The problem of trust in the digital world is being solved by using blockchain. We are just putting in an effort to provide trust to the people using the digital mechanism in the used automobile industry.
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