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The process of vehicle registration has always been an arduous and time-consuming task. There are various stakeholders involved from buying a vehicle till the final registration is done. In the current scenario, When you buy a vehicle from a dealer, you need to take it to the registration authority for getting the permanent registration number. It takes approximately 3-4 days for this request to get processed. Then you have to approach an insurance company for getting the required insurance for your vehicle.

Further, you have to approach the concerned authorities for obtaining NOC and clearance for your vehicle. The whole process is tedious and takes not less than 7 days. Moreover, the information of a customer lies on several central databases of these stakeholders involved, which can even lead to fraud and misuse of the information in some cases. The whole process of vehicle registration can be simplified if all the information about vehicles and customers is stored on the blockchain and all the stakeholders have access to this information.
Let's have a look at the various stakeholders involved and how can blockchain make this complete process a seamless experience for the customer.