Billion Dollar Savings in the Auto Industry from Vehicle Lifecycle Blockchain
cryptocurrency·@unbeaten·
0.000 HBDBillion Dollar Savings in the Auto Industry from Vehicle Lifecycle Blockchain
 One in three american drivers can’t afford to repair their car. Manufacturers waste billions on warranties and recalls. Vehicle Lifecycle Blockchain will help improve this scenario. A survey carried out by AAA indicates that one in three Americans would not be able to pay for unexpected car repairs without falling into debt. They estimate that common repair costs between US$ 500-600. As an example the cost of changing a new timing belt would set a driver off $ 400-900, while simple break repairs would be in the region of $ 500. Add to the high costs the stories of excessive charging by repair shops or unnecessary repairs carried out by service centres that are not required. Repair shop customers are often also worried about the quality of spares that are replaced. Owning a car means dealing with a web of different industries including banks, insurance companies, service centres and car manufacturers. ### [Resteem, Upvote and Follow for More](http://steemit.com/@unbeaten)