A Proposed Blockchain-Based Solution for a Data-Driven Vehicle Lifecycle Management

Ezmolda Barolli – University of Tirana, Sheshi Nënë Tereza 4, Tiranë 1010, Albania

Muhamet Zeneli – University of Tirana, Sheshi Nënë Tereza 4, Tiranë 1010, Albania

Abstract: Vehicle lifecycle data and stakeholders’ data related to it have a non-open approach to data access. The lack of accurate, reliable, trans­parent, and accessible data consequently leads to a lack of trust, but also a risk analysis that is not always relevant. This paper consists of analyzing the factors to determine if a blockchain-based solution could increase trust and collaboration between different stakeholders in vehicle lifecycle man­agement and the insurance industry. The goal is to model a data-driven ap­proach on a blockchain-based solution that helps reduce barriers to finding data on all vehicle transactions. The methods used are based on the anal­ysis of the current systems and platforms of vehicle lifecycle management and insurance policies from the business model perspective and security as­pects. The proposed technical solution consists of a general architecture for a permissioned blockchain-based vehicle lifecycle management used by manufacturers, insurance companies, and other stakeholders.

6th International Scientific Conference on Recent Advances in Information Technology, Tourism, Economics, Management and Agriculture – ITEMA 2022 – Conference Proceedings, Hybrid (University of Maribor, Slovenia), October 27, 2022

ITEMA Conference Proceedings published by: Association of Economists and Managers of the Balkans – Belgrade, Serbia

ITEMA conference partners: Faculty of Economics and Business, University of Maribor, Slovenia; Faculty of Organization and Informatics, University of Zagreb, Varaždin; Faculty of Geography, University of Belgrade, Serbia; Institute of Marketing, Poznan University of Economics and Business, Poland; Faculty of Agriculture, Banat’s University of Agricultural Sciences and Veterinary Medicine ”King Michael I of Romania”, Romania

ITEMA Conference 2022 Conference Proceedings: ISBN 978-86-80194-63-9, ISSN 2683-5991, DOI: https://doi.org/10.31410/ITEMA.2022

Creative Commons Non Commercial CC BY-NC: This article is distributed under the terms of the Creative Commons Attribution-Non-Commercial 4.0 License (https://creativecommons.org/licenses/by-nc/4.0/) which permits non-commercial use, reproduction and distribution of the work without further permission. 

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