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Can Blockchain help to drive policy?

Blockchain and driving policy

 

Can Blockchain help to drive policy?

driving policy

Introduction

blockchain help, drive policy

A motor vehicle is a powerful and potentially deadly instrument that can cause significant injury when used improperly or with malicious intent.

Traffic felonies are serious crimes that occur while operating a motor vehicle, and, like all felonies, convictions of them typically lead to a year or more in prison.

When a driver harms a victim and then leaves the scene, this is classified as a hit and run and is treated very harshly because it indicates that the perpetrator is both culpable for his or her actions and unwilling to take responsibility for those actions.

If a hit and run or another vehicular accident resulting in death, a defendant may also face a felony charge of vehicular homicide.

Problems that arise related to insurance and blood money and how to pay compensation and who is the real culprit? Who should be fighting?

A motor vehicle is a powerful and potentially deadly instrument that can cause significant injury when used improperly or with malicious intent.

blockchain help, drive policy

History

Widespread use of the motor car began after the First World War in urban areas.

Cars were relatively fast and dangerous by that stage, yet there was still no compulsory form of car insurance anywhere in the world.

This meant that injured victims would seldom get any compensation in an accident, and drivers often faced considerable costs for damage to their car and property.

A compulsory car insurance scheme was first introduced in the United Kingdom with the Road Traffic Act 1930. This ensured that all vehicle owners and drivers had to be insured for their liability for injury or death to third parties whilst their vehicle was being used on a public road.

Germany enacted similar legislation in 1939 called the “Act on the Implementation of Compulsory Insurance for Motor Vehicle Owners.

 

The concept of driving policy

Driving is the controlled operation and movement of a motor vehicle, including cars, motorcycles, trucks, and buses.

Permission to drive on public highways is granted based on a set of conditions being met and drivers are required to follow the established road and traffic laws in the location they are driving.blockchain help, drive policy

 

Driving in the United States

Driving in the United States is a frequent occurrence, with the majority of Americans using private automobiles as their primary form of transportation to their workplace.

Each state has the authority to set its own traffic laws and issue driving licenses, although these laws are largely the same and licenses from other states are respected throughout the country.

Americans drive on the right side of the road.

There are numerous regulations on driving behavior, including speed limits, passing regulations, and seat belt requirements. Driving while intoxicated with alcohol is illegal in all jurisdictions within the U.S.

 

Moving violations include a wide range of acts,including: 
  • speeding,
  •  reckless driving,
  • driving while intoxicated (DWI),
  • driving under the influence (DUI),
  • illegal lane changes,
  •  failure to stop at a red light or traffic sign,
  • and operating a vehicle without valid license or insurance.

 

 

Driving While Under the Influence

Driving a vehicle while under the influence (DUI) of drugs or alcohol is a serious and widespread traffic offense.

Also known in some jurisdictions as operating under the influence (OWI) or driving while intoxicated (DWI),

DUIs can be treated as either traffic misdemeanors or traffic felonies, depending on the context of the specific circumstances.

The greater the risk posed to the safety of the public and other drivers, or the seriousness of the harm incurred, the higher the penalties for the drunk driver.

While some states have enacted statutes allowing for minor fines and alcohol addiction classes for first-time offenders, others have imposed a “zero-tolerance” policy that imposes jail time and significant fines on drunk drivers.blockchain help, drive policy

Traffic Offenses

The law of traffic offenses, also known as traffic violations, covers unlawful activities that occur while an individual is operating a motor vehicle.

Traffic offenses are typically governed by state motor vehicle codes that define offenses ranging from minor infractions to severe violations.

Punishments for traffic offenses may be imposed through the court system, or through agency enforcement. Thus, for instance, while an individual who commits a DUI may face criminal charges and possible jail time, a defendant who receives a speeding ticket may face only a fine from the Department of Motor Vehicles (DMV) and “points” on his or her license.blockchain help, drive policy

 

Traffic Misdemeanors

In many states, traffic offenses are distinguished as traffic misdemeanors or traffic felonies.

The offenses that comprise each of these types of crimes vary significantly by state, but crimes that risk significant harm to other individuals are typically designated as traffic felonies.

Traffic misdemeanors are those less egregious traffic offenses that can often be dealt with without a lengthy criminal trial.

They are typically subject to fines or other administrative punishments, such as driving school. Traffic misdemeanors may include driving without a license or driving with a suspended or revoked license.

Reckless driving, such as driving at high speeds or without headlights, may also be punished as a traffic misdemeanor.

 

Vehicle insurance

Vehicle insurance (also known as car insurance, motor insurance, or auto insurance) is insurance for cars, trucks, motorcycles, and other road vehicles.

Its primary use is to provide financial protection against physical damage or bodily injury resulting from traffic collisions and against liability that could also arise from incidents in a vehicle.

Vehicle insurance may additionally offer financial protection against theft of the vehicle, and against damage to the vehicle sustained from events other than traffic collisions, such as keying, weather or natural disasters, and damage sustained by colliding with stationary objects.

The specific terms of vehicle insurance vary with legal regulations in each region.blockchain help, drive policy

 

What’s the Third-party insurance?

Third-party insurance is essentially a form of liability insurance purchased by an insured (first-party) from an insurer (second party) for protection against the claims of another (third party).

The first party is responsible for their damages or losses, regardless of the cause of those damages.

Indeed,cover or liability cover is a policy which protects the car owner or driver of the vehicle against any legal liability, accidental liability, financial loss or property damage, medical expense cover in the event of an injury to or even death of any third party arising out of their vehicle.

 

 

Compulsory Third Party Insurance

CTP insurance is compulsory in every state in Australia and is paid as part of vehicle registration.

It covers the vehicle owner and any person who drives the vehicle against claims for liability for death or injury to people caused by the fault of the vehicle owner or driver.

CTP may include any kind of physical harm, bodily injuries and may cover the cost of all reasonable medical treatment for injuries received in the accident, loss of wages, cost of care services and, in some cases, compensation for pain and suffering.

Each state in Australia has a different scheme.

Third Party Property insurance or Comprehensive insurance covers the third party with the repairing cost of the vehicle, any property damage or medication expenses as a result of an accident by the insured.

They are not to be confused with Compulsory Third Party insurance, which is for injuries or death of someone in a motor accident.

In New South Wales, each vehicle must be insured before it can be registered. It is often called a ‘greenslip,’because of its colour.

There are five licensed CTP insurers in New South Wales. Suncorp holds licences for GIO and AAMI and Allianz holds one licence.

The remaining two licences are held by QBE and NRMA Insurance (NRMA). APIA and Shannons and InsureMyRide insurance also supply CTP insurance licensed by GIO.

A privately provided scheme also applies in the Australian Capital Territory through AAMI, APIA, GIO and NRMA. Vehicle owners pay for CTP as part of their vehicle registration.

In Queensland, CTP is included in the registration fee for a vehicle. There is a choice of private insurer – Allianz, QBE, RACQ and Suncorp and price is government controlled.

In South Australia, since July 2016, CTP is no longer provided by the Motor Accident Commission.

The government has now licensed four private insurers – AAMI, Allianz, QBE and SGIC, to offer CTP insurance SA. Since July 2019, vehicle owners can choose their own CTP insurer and new insurers may also enter the market.

There are three states and one territory that do not have a private CTP scheme. In Victoria, the Transport Accident Commission provides CTP through a levy in the vehicle registration fee, known as the TAC charge. A similar scheme exists in Tasmania through the Motor Accidents Insurance Board.

A similar scheme applies in Western Australia, through the Insurance Commission of Western Australia (ICWA). The Northern Territory scheme is managed through Territory Insurance Office (TIO).

Does my teenager need insurance to drive my car?

In fact, insuring your teen is typically required by law (once they are licensed).

Most states require drivers to have auto liability insurance before they can legally drive, according to the Insurance Information Institute (III).

The student driver is covered by his/her parents’ policy as a household member.

 

Vehicle insurance in the United States

Vehicle insurance, in the United States and elsewhere, is designed to cover the risk of financial liability or the loss of a motor vehicle that the owner may face if their vehicle is involved in a collision that results in property or physical damage.

Most states require a motor vehicle owner to carry some minimum level of liability insurance.

States that do not require the vehicle owner to carry car insurance include Virginia, where an uninsured motor vehicle fee may be paid to the state, New Hampshire, and Mississippi, which offers vehicle owners the option to post cash bonds (see below).

The privileges and immunities clause of Article IV of the U.S. Constitution protects the rights of citizens in each respective state when traveling to another.

A motor vehicle owner typically pays insurers a monthly fee, often called an insurance premium.

The insurance premium a motor vehicle owner pays is usually determined by a variety of factors including the type of covered vehicle, marital status, credit score, whether you rent or own a home, the age and gender of any covered drivers, their driving history, and the location where the vehicle is primarily driven and stored.

Most insurance companies will increase insurance premium rates based on these factors, and less frequently, offer discounts.

Insurance companies provide a motor vehicle owner with an insurance card for the particular coverage term, which is to be kept in the vehicle in the event of a traffic collision as proof of insurance.

Recently, states have started passing laws that allow electronic versions of proof of insurance to be accepted by the authorities.

 

Liability coverage

Liability coverage, sometimes known as Casualty insurance, is offered for bodily injury (BI) or property damage (PD) for which the insured driver is deemed responsible.

An example of bodily injury is where an insured driver causes bodily harm to a third party and the insured driver is deemed responsible for the injuries.

However, in some jurisdictions, the third party would first exhaust coverage for accident benefits through their own insurer (assuming they have one) and/or would have to meet a legal definition of severe impairment to have the right to claim (or sue) under the insured driver’s (or first party’s) policy.

If the third party sues the insured driver, liability coverage also covers court costs and damages that the insured driver may be deemed responsible for.

In some states, such as New Jersey, it is illegal to operate (or knowingly allow another to operate) a motor vehicle that does not have liability insurance coverage.

 

Blockchain and driving policy

Given the problems expressed, let’s have a closer look into how a possible blockchain-based car sharing solution could look like.

Blockchains were the first technological structures to solve the double spend problem and they rely on a massively replicated ledger that is appended by adding transactions in blocks.

Each block is cryptographically linked to the previous block with the use of a cryptographic primitive called secure hash.

Blockchain technology can prevent the age-old problem of mileage fraud through establishing a transparent, anonymous and manipulation-proof database for mileage.

Telemetric data like mileage or battery levels can be uploaded autonomously via the vehicle or through a vendor, such as an autobody repair shop.

Accidents and subsequent repairs or service and maintenance work could also be recorded in the blockchain. Having this extra layer of traceability could reduce fraud and significantly impact resale value

From verifying a vehicle’s history, better supply chain tracking, automating transactions, enabling seamless ridesharing or supporting fairer insurance, mobility enterprises are already integrating this technology and coming out with exciting applications

Blockchain will bring discipline in the traffic flow and driving patterns and improve customer experience. Blockchain will help reduce unnecessary accidents and deaths in many cases.

What could Blockchain mean for Law Enforcement?
  • Provide a reliable chain of evidence.
  • Make Law Enforcement records immutable.
  • Renew trust in the police through technology.
  • Track criminals across borders and reduce the ability to use false identities.
  • Enable intelligence(secure information) sharing.
  • fight Terrorism while also protecting private data.
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