Visa uses bitcoin's blockchain technology to cut paperwork out of car leasing

Visa and DocuSign have unveiled a new proof-of-concept that uses bitcoin blockchain technology to revolutionise the car leasing process, allowing people to rent a car without having to plough through reams of paperwork. The project aims to digitise the whole process, from configuring the lease, insurance and other expenses like parking and tolls, to digitally signing and paying for the car itself. “Leasing a new sports car – or any car for that matter – should be fun, it should be exciting. The problem is, the paperwork and process involved often diminish that experience,” said Ron Hirson, head of product …

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Visa uses bitcoin's blockchain technology to cut paperwork out of car leasing

Visa and DocuSign have unveiled a new proof-of-concept that uses bitcoin blockchain technology to revolutionise the car leasing process, allowing people to rent a car without having to plough through reams of paperwork. The project aims to digitise the whole process, from configuring the lease, insurance and other expenses like parking and tolls, to digitally signing and paying for the car itself. “Leasing a new sports car – or any car for that matter – should be fun, it should be exciting. The problem is, the paperwork and process involved often diminish that experience,” said Ron Hirson, head of product …

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