How Blockchain Spells New Opportunities For Mobility And Commerce

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How Blockchain Spells New Opportunities For
Mobility and Commerce
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• The blockchain is definitely the undisputed
  champion. But most of us relate it with Bitcoin,
  the hottest amongst the crypto currencies in the
  market.

• It is decentralized, distributed ledger is being
  used in diverse industries for diverse purposes
  such as making smart contracts for real estate
  transactions, maintaining patient healthcare
  records, streamlining banking transactions, and
  more.

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Smart Contract

• There is no central/third party authentication
  required, the solution itself validates the
  uploaded information against the Smart Contract.
• Smart Contracts once created, cant be altered.
  All the details are securely stored and can be
  referred anytime in the future.
• Blockchain will bring smart contracts to mitigate
  the risk of corruption. With this technology, the
  role of intermediaries will be nullified as
  contracts will be coded for automatic execution
  when a predefined set of conditions is met.

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Smart Insurance

• The insurance sector to has come across a
  far-reaching impact of this disruptive
  technology.

• It facilitates peer-to-peer insurance, which
  ensures speed and transparency in the entire
  operations of the insurance providers.
• The decentralized system streamlines the premium
  collection process, it also adds transparency to
  claim disbursal and minimizes the chances of
  security breaches too.

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V2V Data Sharing Communication

• The Blockchain technology proliferates the
  automotive segment, it enables seamless
  Vehicle-2-Vehicle (V2V) data sharing to make
  driving safer than ever.

• Blockchain creates a secure space for that data
  to be distributed on a transparent,
  decentralized, and unhackable network, ensuring
  the validity and safety of crucial data being
  transmitted between vehicles.

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Transaction Shared

• Until now, ride-sharing apps such as Uber have
  been making money in the role of intermediaries
  to the extent of exploiting the drivers by taking
  a hefty share of their earnings.

• The adoption of Blockchain technology is going to
  change things for the better. As it will offer a
  direct, peer-to-peer system, payments will go
  directly to the driver and there will not be an
  intermediary to take a part of their earnings.

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