However, there's a lot more potential for blockchain to aid in not only stolen bicycles, but other stolen goods, as well as lost and fraudulent items. Through the use of blockchain, IBM has managed to build a platform that allows different, multiple parties, to be on the same level with absolute trust. Louis de Bruin, IBM Blockchain Lead in Europe, explains why it is currently a problem to report a stolen bicycle, and what they at IBM are doing to help. “The platform contains an IBM blockchain surface based on the open-source Hyperledger initiative. If the bicycle is stolen, the owner will report this on the bike blockchain through the RDW app.

Source: Forbes May 02, 2019 11:48 UTC