Join me @ IBOtoolbox for free.
Chuck Reynolds
Member Since: 12/6/2012
  
performance / stats
Country: United States
Likes Received: 1123
Featured Member: 0 times
Associates: 1874
Wall Posts: 1198
Comments Made: 951
Press Releases: 1171
Videos: 0
Phone: 559-474-4614
Skype:     chuck212
profile visitor stats
TODAY: 315
THIS MONTH: 3786
TOTAL: 234022
are we ibo associates?
recent videos
active associates
Albert Lee    
Last logged on: 12/11/2017


Marlena Burton    
Last logged on: 12/11/2017


Bobby Brown    
Last logged on: 12/11/2017


Albu Alina    
Last logged on: 12/11/2017


Herb Ratsch       
Last logged on: 12/11/2017


Tommy Olsson    
Last logged on: 12/11/2017


ALEKSANDAR STANIC    
Last logged on: 12/11/2017


Alan Bond    
Last logged on: 12/11/2017


Gail Quantock    
Last logged on: 12/11/2017


Csaba Juhasz    
Last logged on: 12/11/2017


Gerald Begg     
Last logged on: 12/11/2017


Peter Kroesche    
Last logged on: 12/11/2017


Karen Yeung    
Last logged on: 12/11/2017


Minoru Inouye    
Last logged on: 12/11/2017


Sumaya Kabbara El Ayoubi    
Last logged on: 12/11/2017


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
Contributor
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.