Carnomaly will be developing the AVB (Automotive Vehicle Blockchain) The AVB will give vehicle owners the power to manage and update their vehicles history report. Along with data from dealers, Insurance companies, collision centers and DMV”s, the AVB will give owners the ability to upload photos of receipts from independent service facilities as well as work they may have completed on their own. This information will all be stored under each vehicle VIN number and secured behind the blockchain. The AVB will also speed up the vehicle ownership transfer. With the AVB the vehicle owner will have the ability to transfer ownership of the vehicle in real time. This will eliminate the risk of unwanted toll bills, red light cameras and even lawsuits.
The goal is that one day the AVB will be the new worldwide standard in vehicle ownership transfers. Vehicles already have worldwide vehicle identification numbers (VIN’s) so why not take this VIN’s and integrate them into the blockchain. Carnomaly will bridge the gap between the automotive industry and the digital world by creating solutions like the AVB.