BCVehis: A Blockchain-Based Service Prototype of Vehicle History Tracking for Used-Car Trades in China

【Author】 Chen, Jingjing; Ruan, Yi; Guo, Lingling; Lu, Huijuan

【Source】IEEE ACCESS

【影响因子】3.476

【Abstract】The vehicle information in used-car transactions is always asymmetric and disputes always happen in China. In order to reduce such disputes caused by the lack of transparency in a transaction, Blockchain technology is adopted to construct a trust mechanism for vehicle information storage and sharing in a transparent manner. In this work, a Blockchain-based vehicle history storing and tracking service, named BCVehis, is proposed. BCVehis allows vehicle owners, vehicle authority, mechanic workshops, insurance brokers and other related individuals/organizations to upload vehicle historical records via simple manners (i.e. mobile app or application programming interfaces). The system provides trustworthy vehicle history to used-car dealers, potential buyers, and other business-related parties. The design rationale and functional implementation of the BCVehis are introduced, and the increased deal volume in a local used-car dealer X is presented, which integrated BCVehis to its online dealing system.

【Keywords】Blockchain; History; Automobiles; Maintenance engineering; Insurance; Smart contracts; Databases; Blockchain; decentralized; vehicle history; smart contract; automotive industry

【发表时间】2020

【收录时间】2022-01-02

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