How can we reduce information asymmetries and enhance trust in ‘The Market for Lemons’?

  title={How can we reduce information asymmetries and enhance trust in ‘The Market for Lemons’?},
  author={Liudmila Zavolokina and Manuel Schlegel and Gerhard Schwabe},
  journal={Information Systems and e-Business Management},
The used car market is characterized by information asymmetries and mistrust. Blockchain technology promises to resolve these problems using a system which stores data over the life cycle of a vehicle. However, while blockchain technology is strong in preserving the stored information, sense-making of this information is still essential to bring value to end consumers of the system. In this paper, we take an exploratory approach and create a prototype, which is then evaluated in realistic car… 
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