This breakthrough automotive finance application of Blockchain technology may well be a major factor in preventing another sub prime automotive crisis.
It is imperative for the automotive finance community for credit unions to banks and captive finance companies to adopt this system & technology ASAP.
For those attending a forthcoming Digital Asset Conference and drilling down into this release is critical for auto subprime finance management
AR/VR-as-a-Service Now Ready to Become a Leading Platform for Auto Industry, Dealers, and Car Buyers to Shop & Select a Vehicle.Here are some of the breakthroughs in AR/VR as a Vehicle Sales Tool:
Why AR/VR is now a must in the Vehicle Sales Process:
Three Reasons-Consumer Adoption; Dealer Utilization; New Headsets:
The Time for this AR/VR Technology in Automotive Marketing is Now
Buyers able to view any make & model via phone & lightweight headset
Gain configuration options, change color & compare cars side by side.
Time Researching Reduced: 17 M cars are sold per year in the U.S.
Buyers spend an average 14 hours researching & shopping for a car.
Improving immersion/engagement for saves shopper time & drive sales.
Find out why & how AR/VR are going merge with AI & Change how vehicles are sold:
Breakthrough: Open Source Blockchain Ecosystem Solution to Bring Transparency & Data Security to $2.8 T Pre-Owned Auto IndustryThe Auto Finance Industry Problem:
The auto industry has long struggled with a lack of transparency and widespread information inaccuracies, from titling all the way through financing, Independent dealers, government agencies, including Departments of Motor Vehicles, insurers, financing companies and individuals.
There has been a lack of a standardized system that provides a reliable means of sharing and authenticating information such as vehicle information numbers (VIN), make, model, title, sales and service history.
Open source Blockchain operating system has been needed to power the consolidation of data on millions of vehicles to fight fraud and streamline auto information sharing
Fusion Foundation, a non-profit organization on a mission to build the ideal financial infrastructure, has been chosen by the Automotive eXchange Platform (AXP) to improve access to accurate consolidated data on millions of vehicles in the $2.8 trillion pre-owned automotive industry.
See, learn, and understand how this Blockchain Breakthrough will transform the entire Used Vehicle Market the next 3 years or less. ________________________________________________________________