Lab member’ blockchain-powered solution for used car buyer protection wins bronze in the Fintech Olympiad 2022 [June 2022]

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.

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