The auto industry is currently a lemon market, which means there are a lot of information asymmetry resulting in market inefficiency and high transaction cost. One notable example is used car trading. In many countries there are no public car history, leading to lots of problems and low resale value. AlphaCar is committed to work with trusted partners to make car records transparent and available to the public. There are other useful applications in auto insurance (UBI), car sharing, car repair and maintenance, car financing, etc.
How blockchain find reshaping car?