As the world’s first transportation blockchain to be built on top of an existing thriving business, CarBlock provides a reliable and rich infrastructure for a multibillion dollar application market.
Through hardware enabled data collection and smart contracts, CarBlock eliminates unnecessary conflicts, any ambiguity in responsibilities and the loss of potential property for P2P rental transactions. CarBlock also provides greater safety and ease of use for P2P rental applications.
Auto insurance companies can boost their competitive edge by using CarBlock data to optimize their premium modeling and offer more tailored and flexible packages to customers. Car owners can also enjoy better pricing by authorizing insurance companies access to their car’s data and pay with CAR tokens to get their insurance coverage.