China’s top 3 car rental service Ystcar (or WinsTime in English) will use blockchain to store data. Winstime has been backed by Uber of China (DiDi).

Firstly, here is a comparison of DiDi and Uber: https://ift.tt/2KjCJEV dominates the China ride-sharing market and has received over a billion dollar investment from Apple itself: https://ift.tt/2rDVg7K car service (or WinsTime in English) is among the top 3 car sharing services in China. It has been in co-operation with Didi since 2015: https://ift.tt/2KhC8DG, WALTONCHAIN has stepped in and will provide the custom chip + blockchain service to store the large amounts of big data generated daily. In their own words:Wintime owns about 30,000 owned vehicles and each vehicle generates a large amount of data every day. These data include GPS, driving directions, violations, and passengers. These data are stored on the centralized server of their enterprise. However, in this traditional centralized storage, data may be tampered with, and it is impossible to prove to the partner that the data is authentic and not tampered with.The Walton chain uses its unique chip and blockchain technology to provide a solution for WinTime. The Walton chain deploys the RFID chip to every vehicle that wins the time, and the packets formed by the vehicle will be transmitted to the Walton chain in real time. While the data packet is uploaded, the Walton chain extracts the characteristics of the data packet and generates a feature fingerprint through a hash algorithm. The generated feature fingerprint is a string of random codes that will be uploaded to the main chain of the Walton chain and cannot be modified once uploaded.At the same time, when the Walton chain reconstructs data, it has no right to view the data content of Win Time, effectively protecting the company's core business secrets. In this way, the data provided by Wintime Communications is absolutely credible and fundamentally solves their problems.https://ift.tt/2rCOIXj

Submitted May 12, 2018 at 06:53PM

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