Customers: Wukong Car Rental Contractors: Ant Financial Services Group Product: Projects based on blockchain technologySecond product: Alipay Project date: 2021/01
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At the end of January, 2021 it became known that in China the first-ever terminals for an independent design of car rental started based on blockchain. A system uses face recognition for execution of the procedure, will eliminate tiresome process of reconciliation of documents with involvement of service staff. The initiative is carried out on the partner platform Alibaba Alipay in the city district Kunming.
The terminal was installed at the local airport Kunming to Changshui by Wukong Car Rental company in cooperation with Alipay and allows to rent a car of all in a couple of minutes. Users do not need to provide documents for the identity certificate or the credit card as a system itself will recognize the client's person, will automatically take all necessary data from the general base and will issue transaction.
Clients with national credit rating of Sesame 550 have above the right to refuse pledge for the car. A system on the basis of a blockchain will use possibilities of a blockchain for tracking of all process of lease of the car and will prevent the most part of disputes. It is supposed that after end of a probation period and obtaining positive results the new service will be unrolled in all territory of the Province of Yunnan.
For lease of the car users it is necessary to start the Alipay application on the smartphone, to place the order for the machine and to confirm the personality by recognition of the person. After that the user needs only to select necessary options of the car, to come to the parking and to unblock the machine using the smartphone.
The similar program of lease of cars is also available in the USA since 2018, and the service Fast Lane uses fingerprint recognition and persons in the booths located at the different airports of the USA. However the blockchain in this area began to be applied for the first time.[1]