Dubai - Purchase of vehicles via Blockchain
Tuesday, 12 15 2020, Category: Technology, Country: U.A.E
The Roads and Transport Authority in Dubai revealed to "Emirates Today" that the application of the first system for purchasing and registering vehicles through Blockchain technology begins at the end of this month or no later than early January, announcing the completion of the construction of the required infrastructure to implement the system, which will start its implementation in partnership. With private sector institutions, to allow customers to choose, acquire and register their vehicles, and complete all financing transactions related to them, through simple and brief steps, completed through their phones, without the need to personally come to the site of purchase.
She said that she had developed the service, which is one of the "X10" projects, in cooperation with the "Cees" company and the Arabian Gulf Mechanical Center, agents of the BMW car company, noting that it used blockchain technology and its platform, to link the authority. In the various government departments concerned with the implementation of the project, such as Dubai Customs, Dubai Police, car agencies and insurance companies, as the information will be provided in one reliable platform, which includes detailed information about the vehicle’s life cycle, from the stage of manufacture to supply.
Source: Teller Report