A software giant is enabling a city with smart parking, using real-time information captured by sensors on the vehicle and sensors in parking lots. when the vehicle leaves, data can be shared between the vehicle and parking system, which will prompt a payment from the driver’s payment device stored in their account. how would the use of blockchain to store this data help reduce potential risks?


Question: A software giant is enabling a city with smart parking, using real-time information captured by sensors on the vehicle and sensors in parking lots. when the vehicle leaves, data can be shared between the vehicle and parking system, which will prompt a payment from the driver’s payment device stored in their account. how would the use of blockchain to store this data help reduce potential risks?


(!) by sharing data with law enforcement authorities when requested
(2) by easily monitoring traffic congestion in areas of the city.
(3) by creating a verified data record to a car’s digital identity.
(4) by storing large amounts of data without any delays.

Answer (1) is absolutely right answer.

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