The study highlights the technological developments and IT solutions which could help combat the problem with odometer tampering in the European Union. This problem surge with all second-hand car markets of the EU Member States. According to study 10-50% from second-hand cars have odometer tampering. The EU losses several billion euros every year from the rollback of vehicles’ mileage.
The EU suggests that the blockchain technology would allow downloading mileage and GPS data from vehicles, and securing it on a ‘digital logbook.’ The use of cryptography would provide users with a high level of protection, integrity, and control of data and certification’s date.
EU identified three types of control measures: using of the distributed ledger, identifying a standardised common framework of reference which based on ISO, and equipping a vehicle’s electronic control units (ECUs) and components with specific technical solutions.