A Survey on Resale of Automobiles Using Emerging Technology: Blockchain

Abstract

Block chain technology has been encircled with multiple growing industries, includes: healthcare, Banks, hospitality, travels, CPG and Retail. The salient features of Blockchain being decentralized and transparent has led it be used in digital recording of events in day to day life. Automobile sale is one such event where there is constant growth in the figure, in which re-sale being a major part. The Paper work is emphasized more in transferring the ownership in resale of automobiles and is complicated. The reliable and convenient services brought by Blockchain efficiently overcome the challenges in resale of automobiles in current scenario. Blockchain has already made its success impact in many industries, the unique challenges in automobile resale is a topic we need to bring a light on.