20 Industries Blockchain Technology Will Disrupt

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15. Car Leasing

Next in line among industries blockchain technology will disrupt is car leasing. Leasing or buying a car is often a multi-step process that involves many parties, buyer, seller, insurance company, bank, etc. Blockchain technology could simplify this process. For example, Blockchain startup DocuSign has partnered with Visa Inc (NYSE:V) to develop a proof-of-concept tool that would use smart contracts in car leasing. A buyer would be able to lease a car, with the transaction being recorded in the blockchain. Then, the buyer would be able to add insurance information to the blockchain and potentially even register the car.

car, workforce, loan, apartment, buy, transaction, rental, business, concept, borrowing, estate, contract, lease, borrower, commercial, finance, service, employer, bank,

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