BMW Showcases Blockchain-Based Odometer Fraud Prevention Application VerifyCar

On April 18th, at the summit in San Francisco, Cihan Albay, head of the BMW Group's Singapore IT Technology Office, presented the company's VerifyCar application, which is "a car digital passport on the blockchain." VerifyCar is designed to address odometer fraud issues. Cihan Albay said that the VerifyCar application has been tested on internal vehicles and BMW is currently deciding how to launch the product.