Share this article
Blockchain Has Potential in Curbing Odometer Fraud: EU Report
The European Parliament has released a research paper that touts blockchain in the prevention of odometer fraud or "clocking."
Updated Sep 13, 2021, 7:11 a.m. Published Nov 21, 2017, 10:00 a.m.
Make us preferred on Google
The European Parliament has released a research paper that explores blockchain, among other technologies, in the prevention of odometer tampering.
The report, issued by the Directorate General for Internal Policies, investigates the possible role of blockchain technology in the use case, concluding that it might "present interesting potentials" for effective prevention of fraud through increased transparency and data privacy.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The report explains:
"The blockchain technology currently proposed by the car engineering and electronics industry would allow downloading mileage and GPS data from vehicles, and securing it on a 'digital logbook'."
The study further suggests that blockchain can be supported by a "connected cars" concept that allows cloud access to all relevant vehicle data in a future scenario involving autonomous vehicles.
Blockchain technology is one among the three approaches identified to address odometer fraud in the paper, including a standardized framework based on international standards (ISO) and equipping a vehicle with hardware security modules (HSMs) to protect data.
The issue of odometer fraud, or "clocking," is one being investigated by other startups in the blockchain space, as well as major enterprises.
In June, CoinDesk reported on a project by startup BigchainDB and German energy company Innogy that aims to create digital identities for vehicles on a blockchain.
To tackle clocking, the CarPass project creates a record of the odometer and vehicle activity with the data visible and verifiable on a digital platform.
"If someone starts tampering with the mileage, you basically see it as a step change in the data that someone tampered with [it]," said Innogy's Carsten Stocker at the time.
Car odometer image via Shutterstock
More For You
KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.
What to know:
- KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
- This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
- Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
- Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
- Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.
More For You
Bitcoin hash rate slides during U.S. winter storm while markets shrug off mining disruption
The temporary loss of mining power underscores academic concerns that geographic and pool concentration can magnify infrastructure failures, though markets showed little immediate reaction.
What to know:
- Bitcoin’s hashrate fell about 10 percent during a U.S. winter storm, underscoring how local power disruptions can strain the network’s capacity to process transactions.
- Researchers have shown that concentrated mining, as seen in a 2021 regional outage in China, can lead to slower block times, higher fees and broader market disruptions.
- With a few large pools now controlling most of Bitcoin’s hashrate, the network is increasingly vulnerable to localized infrastructure failures, even as the price of BTC remains largely unaffected in the short term.
Top Stories
