Re:IBM has cut its blockchain team down to almost nothing – ...
by koonsolo on Thursday February 04, 2021 @02:26AM
(#26023378)
An incentive to keep track of a car history is not really under discussion, since it's already happening right now. It's just really cumbersome right now and using very old tech (stamps in a books, etc). It's all made up of bits and pieces in every way.
When you buy a car right now, you expect it to come with at least a maintenance log. So that part is not an unknown.
Everything I mention already exists, it's just that it would be way easier and more complete when it would be handled by a 'standard protocol', ie a blockchain.
The same can be said for supply chain applications. But the second hand car industry has even more trust issues. Selling a car for $8000 and getting around $2000 extra because you can prove it has a proper history is not fantasy.
When you buy a car right now, you expect it to come with at least a maintenance log. So that part is not an unknown.
Everything I mention already exists, it's just that it would be way easier and more complete when it would be handled by a 'standard protocol', ie a blockchain.
The same can be said for supply chain applications. But the second hand car industry has even more trust issues. Selling a car for $8000 and getting around $2000 extra because you can prove it has a proper history is not fantasy.