Join me @ IBOtoolbox for free.
Chuck Reynolds
Member Since: 12/6/2012
performance / stats
Country: United States
Likes Received: 1398
Featured Member: 0 times
Associates: 2230
Wall Posts: 1552
Comments Made: 1248
Press Releases: 1525
Videos: 0
Phone: 559-474-4614
Skype:     chuck212
profile visitor stats
TOTAL: 319025
are we ibo associates?
recent videos
active associates
Whitney Jacqueline       
Last logged on: 8/17/2018

Johan Miller    
Last logged on: 8/17/2018

Nivedita Vaidya    
Last logged on: 8/17/2018

Glen Palo     
Last logged on: 8/17/2018

Kevin Farmer    
Last logged on: 8/17/2018

Wyndham Rees    
Last logged on: 8/17/2018

Stan Fuller    
Last logged on: 8/17/2018

Last logged on: 8/17/2018

Todd Treharne    
Last logged on: 8/17/2018

Larry Ellner     
Last logged on: 8/17/2018

Mike Gray     
Last logged on: 8/17/2018

Last logged on: 8/17/2018

Ray Mills    
Last logged on: 8/17/2018

Hadi Hami  
Last logged on: 8/17/2018

Rosa Kelly    
Last logged on: 8/17/2018

other ibo platforms

Chuck Reynolds   My Press Releases

Blockchain is Curbing Odometer Fraud

Published on 11/21/2017
For additional information  Click Here

Blockchain Has Potential in
Curbing Odometer Fraud:
EU Report

The European Parliament has released a research paper

that explores blockchain, among other technologies, in the prevention of odometer tampering. he report, issued by the Directorate General for Internal Policies, investigates the possible role of blockchain technology in the use case, concluding that it might "present interesting potentials" for effective prevention of fraud through increased transparency and data privacy.

The report explains:

"The blockchain technology currently proposed by the car engineering and electronics industry would allow downloading mileage and GPS data from vehicles, and securing it on a 'digital logbook'."

The study further suggests that blockchain can be supported by a "connected cars" concept that allows cloud access to all relevant vehicle data in a future scenario involving autonomous vehicles. Blockchain technology is one among the three approaches identified to address odometer fraud in the paper, including a standardized framework based on international standards (ISO) and equipping a vehicle with hardware security modules (HSMs) to protect data. The issue of odometer fraud, or "clocking," is one being investigated by other startups in the blockchain space, as well as major enterprises.

In June, CoinDesk reported on a project by startup BigchainDB and German energy company Innogy that aims to create digital identities for vehicles on a blockchain. To tackle clocking, the CarPass project creates a record of the odometer and vehicle activity with the data visible and verifiable on a digital platform. "If someone starts tampering with the mileage, you basically see it as a step change in the data that someone tampered with [it]," said Innogy's Carsten Stocker at the time.

Chuck Reynolds

Marketing Dept
Please click either Link to Learn more about -Bitcoin.
Interested or have Questions. Call me 559-474-4614

Member Note: To comment on this PR, simply click reply on the owners main post below.
-  Copyright 2016 IBOsocial  -            Part of the IBOtoolbox family of sites.