MG, a car brand owned by Chinese auto company SAIC, has been making strides in integrating blockchain technology into its vehicles.

In 2021, MG announced the launch of an SUV with a blockchain-based digital passport, the MG Astor, which enables owners to prove mileage and potentially receive better insurance rates.

This initiative is part of MG's efforts to leverage blockchain for recording driving data, enhancing data security, and providing transparent information to car owners and potential buyers.

In addition to its foray into blockchain-based digital passports, MG has also ventured into the world of non-fungible tokens (NFTs) in India.

NFTs, which exist on a blockchain, have become a significant phenomenon in the digital world, and MG has been involved in this space as well.

These developments showcase MG's commitment to embracing blockchain technology in the automotive industry, with a focus on enhancing data security, transparency, and innovative digital solutions for car owners and buyers.

The integration of blockchain technology in the automotive industry, as demonstrated by MG's initiatives, holds the potential to revolutionize how driving data is recorded, shared, and utilized, ultimately benefiting car owners, insurance companies, and other stakeholders.

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