Visa and DocuSign presented a report a few weeks ago that documents an experiment conducted in the vehicle leasing sector.

 

The two used distributed registers to construct a proof-of-concept system for the realization of a process that culminates in the leasing of a car in a completely autonomous way and disconnected from the intervention of an operator.

 

In practice, the leasing procedure is transformed into a "awards, signature and guide" process. The potential customer chooses the car he wants to lease and the transaction is placed on the public register of the blockchain.

 

Once seated in the driver's seat, the customer signs a lease and an insurance policy and the distribuited ledger is updated with the relevant information.

 

It is not an exaggeration to imagine that such a process could be applied to car sales procedures, as well as to registering cars in public registries such as the PRA.

 

THE BLOCKCHAIN FOR LEASING AND SELLING CARS

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