Lotblok leverages blockchain technology to streamline the automotive sales ecosystem. Our system enables our users to share data, make payments, access information, and reduce the risk of fraud & theft.
More importantly, our Stellar-based blockchain allows users to communicate and access data without the use of a third party. All the information we store on the AWS-Cloud is directly hashed onto our blockchain. As a result, all transactions and transfers are highly optimized due to a shift away from a paper-based process.
Rather than the documentation needing to be facilitated through a third-party, auction houses have agreed to use LotBlok’s blockchain as a trusted source of information state.
We hash everything from transactions to valuations, condition reports, vehicle ownership and imagery. LotBlok serves as an end-to-end solution for detailed information on every vehicle that has ever passed through the platform.