Buying used cars is one risky transaction. The guarantee of getting fooled by unlawful sellers is almost at the same rate of getting a good unit. However, this scheme may soon meet its end as French automaker Groupe Renault introduces the world’s first digital car maintenance book.
Renault announces its team up with Microsoft and VISEO for the development of a safe and secured database for vehicle information. The system is said to run based on Microsoft’s Azure Blockchain, which stores information under a decentralized database. This way, no one can forge or alter the information stored under the platform.
Right now, customer and vehicle information is scattered across different storage areas accessed by car manufacturers, insurers, repair shops, among others. So, another goal of this innovation is to simplify the system by storing the vehicle's maintenance data under one place that’s easily accessible by the customers. This database is then collaboratively contributed by the above-mentioned participating bodies.
“This digital car maintenance book will enable us to provide our customers with new services in an ecosystem alongside insurers and dealers. Blockchain technology is able to create a reliable trust protocol. Beyond this project, this technology will be a major step forward for connected vehicles and the micro-transactions and security requirements associated with them.”
In time, you will no longer worry for altered odometers and forged documents when buying a used car. With the help of the digital car maintenance book, you can track the records of the vehicle since the day it rolled out the dealership.
In the meantime, Groupe Renault has yet to disclose when the blockchain-based maintenance book will be publicly available. But since the technology looks promising, we can’t really get any more excited about it. We just hope mainstream brands adapt the technology right away.
Engine and chassis stenciling no longer a requirement according to the LTO / News
The LTO passed memorandum no. JMT-2023-2399. Engine and chassis stenciling for registration renewal are no longer needed.
BMW Philippines unveils its newest wagon: The 2023 3 Series Touring / News
SMC Asia Car Distributors Corp has unveiled the BMW 3 Series Touring in three different variants for the Philippines.
The OMODA 5 EV is also coming to the Philippines later in 2023 / News
The OMODA 5 EV will be coming to the Philippines in the fourth quarter of 2023 along with the OMODA and JAECOO brands.
Cheapest cars under P700,000 in the Philippines
Oct 20, 2022
First car or next car, the Ford EcoSport is a tough package to beat
Jun 18, 2021
Car Maintenance checklist and guide – here’s everything you need to know
Earl Lee · Jan 12, 2021
Most fuel efficient family cars in the Philippines
Bryan Aaron Rivera · Nov 27, 2020
2021 Geely Okavango — Everything you need to know
Joey Deriquito · Nov 19, 2020
Family cars in the Philippines with the biggest trunks
Jul 20, 2022
Head to head: Toyota Rush vs. Suzuki XL7
Joey Deriquito · Oct 28, 2020
Why oil changes are important for your car
Earl Lee · Nov 10, 2020
2021 Kia Stonic — What you need to know about it
Joey Deriquito · Oct 16, 2020
Top 7 tips for buying a used car in the Philippines
Joey Deriquito · Nov 26, 2020