Dubai’s transport authority has revealed plans to create a vehicle lifecycle management system using Blockchain as part of the Dubai 10X initiative.
The Roads and Transport Authority (RTA) said the project seeks to improve customer experience by providing a vehicle history from the manufacturer all the way to the scrap yard.
In its initial stages, the platform will cover all cars in Dubai, before extending to cover all cars in the UAE to ensure the integration of vehicle information.
The RTA said it expects to launch the completed system, which will provide a transparent record, allowing buyers and sellers of each vehicle to track where the vehicle is in its lifecycle, in 2020.
Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, chairman of the Dubai Executive Council launched the Dubai 10X initiative at the 5th World Government Summit last year.
Mattar Al Tayer, chairman and executive director of the RTA, said the vehicle lifecycle management using Blockchain project will be the first government platform in the world to offer a reliable source of vehicle history information… see more