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Breakthrough: Open Source Blockchain Ecosystem Solution to Bring Transparency & Data Security to $2.8 T Pre-Owned Auto Industry
2019-02-27 23:02:30| AutomotiveDigest.com - Automotive Industry News
The Auto Finance Industry Problem: The auto industry has long struggled with a lack of transparency and widespread information inaccuracies, from titling all the way through financing, Independent dealers, government agencies, including Departments of Motor Vehicles, insurers, financing companies and individuals. There has been a lack of a standardized system that provides a reliable means of sharing and authenticating information such as vehicle information numbers (VIN), make, model, title, sales and service history. Open source Blockchain operating system has been needed to power the consolidation of data on millions of vehicles to fight fraud and streamline auto information sharing The Solution: Fusion Foundation, a non-profit organization on a mission to build the ideal financial infrastructure, has been chosen by the Automotive eXchange Platform (AXP) to improve access to accurate consolidated data on millions of vehicles in the $2.8 trillion pre-owned automotive industry. See, learn, and understand how this Blockchain Breakthrough will transform the entire Used Vehicle Market the next 3 years or less. ________________________________________________________________ The Article <a href="https://automotivedigest.com/wp-content/uploads/2019/02/AXP-Fusion-Finance-Solutions.pdf"><img src="https://automotivedigest.com/wp-content/uploads/2019/02/Blockchain-Image-450x234.png" alt width="450" height="234" class="aligncenter size-medium wp-image-202317"> <strong><span style="Font-size:150%;">Breakthrough: Open Source Blockchain Ecosystem Solution to Bring Transparency & Data Security to $2.8 T Pre-Owned Auto Industry</span></strong></a> appeared first on Automotive Digest.
Tags: data
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Category:Automotive