NXT CHPTR – Bringing Blockchain to the Auto Industry: Conversation with Pavana Jain, Chairman, CEO & Co-Founder, SHIFTMobility Inc

“SHIFTMobility brings the latest technology to the automotive industry–buyers, repair shops, manufacturers, and parts and tire distributors. We aim to understand the heartbeat of vehicles and communicate their specific needs to the automotive ecosystem. We use a Blockchain platform to secure, distribute, and validate transactions across all our constituents. In turn, these recordings ensure the security and integrity of customer and vehicle information.  These highly secure transaction records, from vehicle purchase to repair and parts, increase trust and promote transparency throughout the ecosystem.”

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Forbes: Uberization Strikes After-Sales Vehicle Servicing Industry, Creating A $1.5B Dynamo

The uberization of vehicle services is then, in many ways, a mirror of how Uber upturned the mobility industry. It marks the emergence of new tech-based intermediaries who are using the power of e-commerce, digitization, and connectivity to completely disrupt traditional after sales dynamics. It’s a trend that has transformed every aspect of the service delivery process and marks a definitive move away from traditional vehicle “repair and service” models to a revolutionary vehicle ownership “management” paradigm that offers end-to-end solutions for car owners, fleets and installers.

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SHIFTMobility Sets Sights on Auto Finance With Blockchain App – Auto Finance News

Users of a new app will soon be able to use digital currency to make payments on their loans and insurance, according to blockchain company SHIFTMobility. Come 2019, Redwood City, Calif.-based SHIFTMobility plans to incorporate lenders into its automotive ecosystem of service shops, manufacturers, and distributors, unlocking the possibility to use the partnership-wide rewards program to get discounts on loan payments.

SHIFTMobility’s lender partner program will enable users of the company’s recently released Vehicle Passport app to accrue digital tokens, called AutOns, to make insurance and loan payments.

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Ratchet + Wrench: Blockchains and Your Shop’s Management System

Earlier this week, Ratchet+Wrench posted news regarding SHIFTMobility’s release of CarCheck Pro, a vehicle inspection service that enables any service center to add or retrieve vehicle information from blockchains. Ratchet+Wrench spoke with SHIFTMobility’s marketing director, Elliott Schendel to learn more about the product, and its tie in to blockchain. “Most people associate blockchain with cryptocurrency, but it’s a lot more than that. We have major financial institutions spending a large amount onto research into blockchain,” Schendel says. “I have no doubt that it’s going to spread throughout the automotive industry.”

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Forbes – Over 1,700 Start-Ups Are Disrupting The Automotive Industry

The automotive industry has undergone massive transformation in the last five years. The traditional ecosystem of this industry has been challenged with technological developments and evolving business models. Electrification of vehicles, advancements of sensor, electrical architecture, OTA, artificial Intelligence(AI) algorithms, mobility business models, machine learning and self-driving cars, are not only disrupting the conventional ecosystem of the automotive industry, but is slowly and surely making it obsolete.

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