11 October 2017
The Swiss software company AdNovum, together with the University of Zurich (Department of Informatics, Prof. Dr. Gerhard Schwabe), the Lucerne School of Information Technology (Prof. Ursula Sury), the industrial partners AMAG, AXA and Mobility, as well as the Aargau Road Traffic Authority, develops Car Dossier, a blockchain-based digital dossier where all data from a vehicle’s life cycle can be stored transparently and securely. The information can be accessed and used by different stakeholders. This includes, among others, car manufacturers, parts suppliers, insurance companies, importers, garages, used-car dealers and portals, vehicle evaluators, road traffic administrators, fleet managers, private buyers, sellers and renters, car rental companies and car recyclers.
The Car Dossier is implemented on the basis of a blockchain with a community approach in combination with smart contracts. This technology was chosen because it is able to establish the necessary trust among the different stakeholders through transparency, immutability and decentralized operation. The processing and administration of all information in the dossier is carried out in compliance with data protection regulations and other regulatory requirements.
The project is co-financed by the Federal Commission for Technology and Innovation (CTI). As a first use case, the project focuses on the change of ownership in the Swiss used-car market. The main goal is to increase trust, transparency and the efficiency of transactions by using blockchain technology. The project will also provide insights into the business, organizational, technical and regulatory implications and opportunities of introducing a blockchain into this type of ecosystem.
Illustration Photo: Auto repair (credits: Hillsboro Chamber / Flickr Creative Commons Attribution 2.0 Generic (CC BY 2.0))