General Motors has announced that its financial arm has joined blockchain startup Spring Labs’ partner project to enhance data security. The automotive company will join the Spring Founding Industry Partners Program to begin the data security initiative.

As per sources, the initiative, with nearly 20 participants, will conduct collaborative research to resolve issues related to data provenance. And, if the project is completed successfully, then Spring Labs’ will further extend the implementation to GM’s operations, said Adam Jiwan, CEO of Spring Labs’.

Mike Kanarios, chief strategy officer at General Motors Financial, has said that being GM’s captive finance arm and one of the largest auto finance providers, the company is intending to evolve and innovate its fraud prevention and detection capabilities to offer better services to its customers and dealers.