Hypothesis: We understand, due to the varied stakeholders active within the car industry there is a large amount of data involved in storing all information about a vehicle’s life cycle. As a result, we believe utilizing blockchain technology, as it is able to establish the necessary trust among the different stakeholders through transparency, immutability and decentralized operation, will result in the data being shared amongst all parties with independent needs and interests. To ensure that data is shared and stored securely, security must therefore be an integral part of the design of such an ecosystem.
Approach: AdNovum Incubator, together with the University of Zurich, the Lucerne School of Information Technology, the industrial partners AMAG, AXA and Mobility, as well as the Aargau Road Traffic Authority, develops Car Dossier, a blockchain-based digital dossier where all data from a vehicle’s life cycle can be stored transparently and securely. The project lasted two years and was co-financed by InnoSuisse. AdNovum Incubator and its partners focused on the case of the ownership transfer within the used vehicle market using a blockchain and smart contracts. The Car Dossier is implemented on the basis of a permissioned blockchain with a community approach in combination with smart contracts. Active in varied industries, AdNovum Incubator and its partners bring new and unique perspectives into the project, which creates an ecosystem with countless new business models for each of the partners and their respective customers.