Vehicle Passport – Industry’s First Blockchain Application for Car Ownership and Transfer of Records

In the automotive industry millions of vehicles[1][2], OEM and Aftermarket parts are being digitized to ensure smooth maintenance and services, assessment of fair market value, insurance coverage, transfer of vehicles when bought and sold, and to prevent fraud.

Each vehicle has a unique fingerprint to prove its provenance and that of its components when they wear out and fail. The unique identifiers track the source where the vehicle was built, ensures year-make-model, trouble codes, maintenance requirements, and service history are instantly available to dealers and service centers so that they can have the right products available when vehicles arrive at their nearest location for an oil change, repair, and maintenance work – all this is made possible by SHIFTMobility Automotive Blockchain Technology.

Vehicle Passport is a new Decentralized App based on multi-dimensional Distributed Ledger Technology developed by SHIFTMobility called “Poly-DLT”

Designed specifically for the automotive supply chain, Poly-DLT is an innovative technology used to store and record digital documents and transactions such as sales deed, title, insurance, proof of ownership statement and receipts. Each block of data are linked together cryptographically on the blockchain to make it tamper proof and further enhanced by algorithms and digital signatures for transport over peer nodes on the main network. Blocks are automatically delivered to consumer account as new data is added and provides complete audit trail of transactions as they take place. Consumers can also add receipts to the blockchain using their smart phones.

If you are transferring ownership or selling your vehicle, Vehicle Passport app makes it easy to swap the complete history to the new owner. SHIFTMobility also supports crypto currency payment options with digital exchanges, providing a faster and cheaper way to do business with organizations registered on our network.

SHIFTMobility Poly-DLT could help distributors to stock the right parts near you by registering their inventory for consumption on blockchain contracts. As the orders are automated, the up stream transactions to parts manufacturers could also be instantaneously executed guaranteeing constant availability of parts at each mile – now and in the future

Vehicle Passport* also delivers AUTON crypto tokens[3][4] [5] for vehicle owners to use for services and repairs, parts purchases, or to save them in their digital wallets for use at a later time.

*Please check Google app store for more information on Vehicle Passport.

As of July 23, 2018 twenty million parts were added to the blockchain. If you are a parts manufacturer or a distributor, contact us to request a demo.

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[1] An estimated 263 million vehicles are registered in the United States and most are passenger vehicles

[2] U.S. Auto Sales Totaled 17.25-Million in 2017

[3] Tokenizing Automotive Industry

[4] SHIFTMobility Liberates Vehicle Data with World’s First Secure Automotive Blockchain Platform, Press release, May 10, 2018

[5] AUTON for your car – How to get it?

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SHIFTMobility AUTON is a registered trademark of SHIFTMobility Inc.

© 2018 SHIFTMobility Inc.