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All of us are aware how the counterfeit automotive elements trigger performance failure and in the long term injury automobiles. However as of now, in lots of nations to prevent such counterfeit parts coming into the market there is no such thing as a trusted system in place. In this respect, Blockchain based upkeep and restore mechanism can actually play a revolutionary position in authenticating automotive components. Blockchain which as a distributed ledger system allows no deletion or tampering of information while providing open and widespread access to knowledge can actually help to authenticate automotive parts by an simply accessible distributed ledger of automobile elements.
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With the common age of on-street vehicles within the US reaching 11.6 years in 2016, all indications point towards the continued buoyancy of the aftermarket section. Digitally-driven, environment friendly value-added providers will generate significant revenues and safe customer loyalty. A number one multinational firm has introduced an aftermarket connected car resolution, which goals at providing after-gross sales enterprise models to efficiently liaise with clients, dealers, financers, insurers and OEMs.