VeChain has announced that it has embarked on a partnership with a popular German automobile outfit, BMW to launch a new auto security platform.
The new app, VerifyCar, will be a decentralized application that will be based on blockchain technology. According to VeChain, once the new auto security platform is installed, it would be able to collect important data like repairs and a few other key details.
Furthermore, the new app will be based on the VeChainThor blockchain which boasts of maximum security and data protection. In a bid to make the app open, BMW has announced that the data collected will be controlled by the users of the car.
If a user decides to log on to the app, he has the total right to determine whom he wants to share some certain information. For example, he might want to show the repair details to a mechanic at the workshop or the mileage to an intending buyer.
To make sure the details are real, BMW further said the users would be able to cross-check the data in the auto security platform with those that are on the reference on the VeChain blockchain. At the end of the day, If both information is the same, then the recipient would know it is correct.
New auto security platform checks data manipulation in cars
Another aspect pointed out by the German carmakers is the storage of mileage on the auto security platform, which is claimed to always happen in real-time. To store the data, BMW said they have built hardware that would collect the data and send it to the VeChain blockchain.
Meanwhile, the company is warned that customers who try to tamper with the mileage on their apps would be exposed when they check the reference on the blockchain. BMW notes that this is one of the importance of the VerifyCar app as it checks data manipulation in cars at the point of sales in a bid to make the buyer part with more money.