SHIFTMobility, which specializes in blockchain-powered connected automotive solutions, has released a new product, Vehicle Passport.
Vehicle Passport creates a digital identity for any vehicle that can be used to track service history, transactions, and real-time events.
The service stores everything from transactions to sales deeds, title, insurance, proof of ownership and receipts, which drivers can make instantly available to dealerships.
Consumers can also order and pay for replacement parts and services using SHIFTMobility Auton digital tokens.
These tokens can be used to purchase products from suppliers linked to the network, saved for later use, or even gifted or exchanged.
SHIFTMobility says tokens can also be used by shops, dealers or manufacturers to create loyalty and to reward drivers who look after their vehicle.
Nidhi Modi, managing director, Modi Group, said: “As dealership incentive spending hits record levels, optimization has never been more critical. Managing incentive plans is difficult enough with one dealership, so to tackle our multiple stores and over two million vehicles, we needed a solution capable of scaling with our growth while simultaneously delivering the insight necessary to seize advantage.
“We look forward to working with SHIFTMobility as we roll out its blockchain-powered Vehicle Passport to all our locations. Not only will the app deliver the corporate intelligence we need, but our customers will benefit from a unique, streamlined experience from vehicle purchase and service to upgrade.”