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Blockchain technology is well known in today’s world

A blockchain is a continuous sequential chain of blocks (a connected list) containing information built according to certain rules. The connection between the blocks is provided not only by numbering, but also by the fact that each block contains its own hash sum and the hash sum of the previous block.

What benefits blockchain will bring to your business

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The best companies are already implementing blockchain

Automotive industry

Renault has implemented a Vechain solution that records the entire history of a vehicle’s life cycle on the blockchain. The car owner records the mileage, technical condition, insurance contracts, repair history in the system. When selling a car or contacting a new insurance company, it becomes possible to instantly share data about the history of the vehicle, opening access to other users. This creates a transparent environment for insurance companies and the car aftermarket. The blockchain guarantees the invariability of records, and smart contracts allow automatic notifications of insurance companies about the condition of cars.

Government sector

Renault has implemented a Vechain solution that records the entire history of a vehicle’s life cycle on the blockchain. The car owner records the mileage, technical condition, insurance contracts, repair history in the system. When selling a car or contacting a new insurance company, it becomes possible to instantly share data about the history of the vehicle, opening access to other users. This creates a transparent environment for insurance companies and the car aftermarket. The blockchain guarantees the invariability of records, and smart contracts allow automatic notifications of insurance companies about the condition of cars.

Healthcare

Renault has implemented a Vechain solution that records the entire history of a vehicle’s life cycle on the blockchain. The car owner records the mileage, technical condition, insurance contracts, repair history in the system. When selling a car or contacting a new insurance company, it becomes possible to instantly share data about the history of the vehicle, opening access to other users. This creates a transparent environment for insurance companies and the car aftermarket. The blockchain guarantees the invariability of records, and smart contracts allow automatic notifications of insurance companies about the condition of cars.

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