How can blockchain reduce business risks and increase trust
With blockchain smart contract, a company can experience much more transparency in the records of money transaction. With that it can increase the trust of the company as well for the investors because they can just search the address and they will see complete transaction made by that address.
Hi, I think, the smart contract would also have to be backed by a legally verified document in the real world, the title, that would update to relinquish ownership of the vehicle. Thus, it legally registers the buyer on the blockchain as the new owner of the vehicle.