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EY helps Aussie firm develop blockchain marketplace for car services

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Yesterday, EY announced that it helped Australian blockchain firm Block2 to develop its vehicle service marketplace 2Mota. The solution enables businesses to bid for car maintenance and repair jobs and also hire additional staff to fill requirements.

EY’s OpsChain Tesseract blockchain underpins Block2’s 2Mota, which is customized for the motor trades industry in Australia. For car-owners, the platform serves as a portal to schedule maintenance or repairs based on the quotes offered by different vehicle service centers. On the other hand, businesses can use 2Mota to find customers and choose the jobs they want to perform.

Another aspect of the platform is that workers and independent contractors can market their skills and qualifications. Businesses can then browse 2Mota to hire these professionals to meet customer demand. An additional platform feature relates to premises sharing, where a service centre can rent out a workshop it is not using to smooth its revenue.

“Block2’s marketplace will allow companies, particularly SMEs, to optimize resources and make best use of the human capital available to them. EY OpsChain Tesseract will allow Block2 to leverage the current trend of ‘using’ assets, rather than owning them – much the way the hospitality industry is doing today,” said Paul Brody, EY Global Blockchain Leader.

Meanwhile, customers enjoy a better experience without wasting time looking for the right service provider. The 2Mota platform also handles payments, so customers need only pay what they were quoted.

“Block2’s peer-to-peer marketplace addresses challenges in Australia’s automotive repair industry, whereby the lack of supply and demand management is impacting business productivity, investment planning and growth,” said Eden Spencer, Founder and CEO of Block2.

The blockchain firm plans to roll out a similar solution for other industries such as hospitality, construction and retail, among others.

Blockchain has a lot of applications within the automotive industry. Last year, Daimler Trucks North America (DTNA) partnered with blockchain firm Filament to develop a peer-to-peer platform for remanufactured components. Blockchain is being used to record the origins of a trucks part and its repair history.

In Singapore, Ocean Protocol and used car website SgCarMart are using blockchain to store car history and maintenance events. Beijing Mercedes-Benz Sales Service Company is also using blockchain technology provided by PlatON for storing used car data.