Analyze state-of-the-art achievements and trends in it in perspective of blockchain technologies for vehicle registration

Abstract EN

World population is growing in fast numbers as people try to maintain their need of transportation buses, trains come up in mind with first thought but Motor vehicles bring the revolution to the industry and bring new perspective and open new doors and compile a full market of vehicles as Motor vehicle agencies need to collaborate with external organizations like the Departments of Justice and Insurance to register vehicles.

Maintaining the most updated information is essential to enable these organizations to register and track vehicles accurately.

Current systems that facilitate this process are prone to errors due to duplication of records or incomplete information.

As blockchain is covering up this era of technology with its new trends so vehicle market is also enabling the power of IT to collaborate it and make their vehicle system totally automated and as well management system of vehicle to organize this module according to government administration level.

This highlights the need of having secure network in order to transfer the Vehicle in an efficient way.

In vehicle dealing business due to invalid record, problems are highly recorded.

As we all know, Blockchain has literally enabled the technology ecosystem to take a significant leap of innovation.

Along the years, as Bitcoin has managed to take prominence and grabbed attention from all over the world, people took to studying all about cryptocurrency and Blockchain the very platform that enabled crypto transactions to take place.

IT trends are tackling the industries to make them grow with latest technologies and bring the perspective of blockchain which is bringing new secure, efficient, authorized platforms according to need of market.