A Proposed Blockchain-Based Solution for a Data-Driven Vehicle Lifecycle Management
Ezmolda Barolli, Muhamet Zeneli · International Scientific Conference ITEMA. Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture · 2022
Vehicle lifecycle data and stakeholders’ data related to it have a non-open approach to data access. The lack of accurate, reliable, transparent, and accessible data consequently leads to a lack of trust, but also a risk analysis that is not always relevant. This paper consists of analyzing the factors to determine if a blockchain-based solution could increase trust and collaboration between different stakeholders in vehicle lifecycle management and the insurance industry. The goal is to model a data-driven approach on a blockchain-based solution that helps reduce barriers to finding data on all vehicle transactions. The methods used are based on the analysis of the current systems and platforms of vehicle lifecycle management and insurance policies from the business model perspective and security aspects. The proposed technical solution consists of a general architecture for a permissioned blockchain-based vehicle lifecycle management used by manufacturers, insurance companies, and other stakeholders.