DECENTRALIZED MANAGEMENT OF VEHICLE OWNERSHIP

Methods and systems are provided for managing, tracking, and storing vehicle ownership data in a decentralized, distributed vehicle management system. In an embodiment, a decentralized, distributed vehicle management system comprises a blockchain; a streaming service configured to provide event data...

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Bibliographische Detailangaben
Hauptverfasser: Mohammed, Zoheb, Stefanovski, Vladimir, Ulla, Riaz, Clark, Karl Nathan
Format: Patent
Sprache:eng
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Beschreibung
Zusammenfassung:Methods and systems are provided for managing, tracking, and storing vehicle ownership data in a decentralized, distributed vehicle management system. In an embodiment, a decentralized, distributed vehicle management system comprises a blockchain; a streaming service configured to provide event data in real time to a contract executing virtual machine (VM) embedded in the blockchain; and a non-transitory memory storing instructions that when executed by a processor of the vehicle management system, cause the vehicle management system to manage ownership data of a vehicle of the vehicle management system, including changes in ownership of the vehicle, via smart contracts that execute automatically in response to real-time event data streamed by the streaming service, wherein the smart contracts are created by various users of the vehicle management system linked to or associated with the vehicle.