Car manufacturer Renault has partnered with Microsoft and blockchain consulting firm Viseo to develop a prototype for a digital car maintenance book. Using Microsoft's Azure blockchain technology, the digital book gathers together important information about a car and its history, making the selling of second-hand cars more transparent. Dealers and insurers, as well as buyers and sellers, are expected to benefit from the digital book. The Renault-backed project is part of an initiative called Blockchain, which aims to create a new type of business model that will allow companies to use distributed ledger technology (DLT) in order to
Car manufacturer Renault has partnered with Microsoft and blockchain consulting firm Viseo to develop a prototype for a digital car maintenance book. Using Microsoft's Azure blockchain technology, the digital book gathers together important information about a car and its history, making the selling of second-hand cars more transparent. Dealers and insurers, as well as buyers and sellers, are expected to benefit from the digital book. "Beyond this project, this technology will be a major step forward for connected vehicles and the micro-transactions and security requirements associated with them," said Elie Elbaz, digital and connected vehicles director for Groupe Renault.