The Passport for Connected Car (#PCC) project uses Tezos Blockchain to empower vehicle owners

Passport For Connected Car Solution (PCC)

The Passport for Connected Car (PCC) solution has been announced. The project is the result of a collaboration between IRT SystemX, the Tezos Foundation, Eniblock and a consortium of leading car actors.

Partners include: Eniblock, The Tezos Foundation, SystemX, Stellantis, Mobivia, Matmut, Societe Generale, Inter Mutuelles Assistance, Crédit Agricole Assurances, Covea and others.

According to Eniblock, the PCC project is ‘…a revolutionary solution that gives vehicle owners control over their data while ensuring compliance with #GDPR regulations.

Using blockchain technology, PCC provides a secure and transparent platform for handling data, ensuring the privacy and sovereignty of vehicle owners.

The platform enables efficient and fair distribution of value through the use of blockchain tokens, creating new opportunities for predictive maintenance and pay-as-you-drive insurance.”

Back in February 2022, XTZ News first reported on the project, highlighting how the potential of such technology could transform the estimated 2.8 trillion dollars the car and automotive industry in the way vehicles work and are tracked.

It was also stated how the project had the potential to transform how the global car insurance market works, which is Assumed to be worth $1.06 trillion by 2027.

Central to the project is a decentralized autonomous organization (DAO), which Eniblock explains:

“PCC enables the automotive industry to become a significant contributor to the digital ecosystem by providing a reliable and secure data exchange platform.

This is made possible through the integration of a decentralized autonomous organization (#DAO) that controls data access and use.

The DAO ensures that all stakeholders, including manufacturers, insurance companies and service providers, adhere to agreed rules and regulations, promoting trust and transparency in the ecosystem.”

Such a project has many strong use cases in the automotive industry.

One such example is that the data will be visible in an application, and this digital file will change ownership when the vehicle is resold.

If the collection will rely above all on the manufacturers and the maintenance networks, the insurance companies themselves will be rather consumers of the data.

Everyone will therefore, for payment, subtract from available data. Hence the idea of ​​a multi-stakeholder and decentralized platform.

Insurance companies are not the only players likely to be interested. For example, manufacturers today have no visibility into repairs that are not carried out in their network.

Dealers need this information to repossess a vehicle, and even the authorities are concerned, in case of mileage fraud or wrecks in circulation.

Using The Tezos blockchain for this connected car project has several advantages.

It can provide a secure and transparent way to store and share important vehicle information, reduce the risk of fraud and improve transparency.

In addition, it can streamline processes such as vehicle registration and maintenance, reducing paperwork and administrative costs.

Finally, it can help create a more sustainable transport system by providing information on vehicle emissions and fuel efficiency, and encouraging more environmentally friendly driving habits.