Lab members Daniel Eckhoff and Jayson Haebich received bronze at the 2022 Fintech Olympics for their blockchain-based solution, LemonT, which aims to bring trust, assurance and authenticity back to the used car market.
To avoid buying “lemons,” a colloquial term for cars that turn out to be defective after purchase, they formed the team “LemonT” and developed a tamper-proof way to record mileage and repairs on cars using an app, a data collection dongle and an encrypted blockchain-based data system. This idea earned them a bronze medal at FTOL 2022.