Biblio

Wear and tear are essential in establishing the market value of an asset. From shutter counters on DSLRs to odometers inside cars, specific counters, that encode the degree of wear, exist on most products. But malicious modification of the information that they report was always a concern. Our work explores a solution to this problem by using the blockchain technology, a layered encoding of product attributes and identity-based cryptography. Merging such technologies is essential since blockchains facilitate the construction of a distributed database that is resilient to adversarial modifications, while identity-based signatures set room for a more convenient way to check the correctness of the reported values based on the name of the product and pseudonym of the owner alone. Nonetheless, we reinforce security by using ownership cards deployed around NFC tokens. Since odometer fraud is still a major practical concern, we discuss a practical scenario centered on vehicles, but the framework can be easily extended to many other assets.