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CityU students’ blockchain-powered solution for used car buyer protection wins bronze in the Fintech Olympiad 2022

SCMP Tech LogoSCMP Tech3d ago

CityU students’ blockchain-powered solution for used car buyer protection wins bronze in the Fintech Olympiad 2022

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"The team named their project  "LemonT,” a creative twist to "lemon tea”, an iconic local beverage, reflecting the project roots in its birth city,” says Professor Raymond Chan, Vice-President (Student Affairs) of CityU, who praised this year’s projects being practical and impactful Fintech and youth powered solutions for everyday problems.

To avoid purchasing ‘lemons’,  a colloquial term for cars found to be defective after transactions, three CityU students formed a team, namely "LemonT”, and developed a tamper-proof method to record cars’ odometers and repairs that works with an App, a data logging dongle and an encrypted data system powered by blockchain.

The three awarded CityU students, all hail from Germany and Australia with computer science and materials science backgrounds, impressed the judges with their innovative yet practical solution that aims to safeguard consumer interest and help honest used-car dealers enhance their reputation.


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Author / Journalist: Advertising partner

Category: Technology

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Sentiment: Negative

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Article Type: News Report

News Source URL: scmp.com

Readership Location: Hong Kong

Published Date: 2022-06-24, 09:49:29

News Timezone: GMT +8:00

Language: English

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 482897

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Name: SCMP Tech

Main Topics: Technology

Official Website: scmp.com

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