Introducing new Vehicle Passport functionality will likely need to leverage smart car live cockpits, native mobile Apps and other emerging IoT technologies to digitally collect, track, interrogate and manage a vehicle’s static and dynamic data attributes from cradle to grave.
Additionally, it is hypothesized that a digital Vehicle Passport could broadcast sell/buy intentions to the world around it — creating a robust peer-to-peer, crowd-sourced buy/sell network that would drive direct sales engagements.
Examples of Static Attributes (these attributes are ‘hard’ and would not likely change over time due to events, conditions and activities):
VIN, Manufacturer, Origination Date, Year, Make, Model, Vendor, Color, Trim, Extras, Purchase Date (cradle), Sales Agent (cradle), Purchase Location (cradle), etc.
Examples of Dynamic Attributes (these attributes are ‘soft’ and would likely change over time due to events, conditions and activities):
Mileage, Number of Owners, Photos, Trade-In Value, Number of Accidents, After Market Installs, Purchase Date (resell), Purchase Location (resell), Sales Agent (resell), etc.