What next? Oh yes, turning a luxury car into a non-fungible token132.34

We’ve seen more than one project use the immutability of blockchain to verify important physical things. So, for instance, a pioneer in the space, Verisart, has brought blockchain certification of high art to leading galleries worldwide, and other players are now entering this growing market. Codex Protocol is a new startup also putting art on the blockchain. The benefits are obvious: reducing the possibility that an artwork could be fake to near-zero. This is an incredibly powerful idea, especially at the high end of the commercial spectrum.

A relatively new idea is to take blockchain to the car market. Automakers are already starting to take an interest. BMW, Ford, Renault and General Motors recently joined a new working group of more than 30 auto companies to employ blockchain technology. The Mobility Open Blockchain Initiative aims to speed up the adoption of blockchain, with use cases ranging from autonomous payments to ridesharing. But that’s not where blockchain adoption for cars ends.

Original source
https://techcrunch.com/2018/07/20/what-next-oh-yes-turning-a-luxury-car-into-a-non-fungible-token/

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