Deter Grand Theft Auto
According to the National Insurance Crime Bureau (NICB), there were 873,080 auto thefts in the US during 2020 alone, equating to 1 theft every 36 seconds! A significant amount of these stolen vehicles will end up at a chop shop, with the proceeds going to organized crime. Dismantling cars and selling the component parts or replacing Vehicle Identification Numbers is a lucrative business that has a knock-on effect on insurance premiums, vehicle safety, and consumer satisfaction.
LifeHash takes Vehicle Identification Numbers to the next level by attributing unique digital identities to the vehicle and components, making chopping up vehicles a futile enterprise.