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SparesHub.com, one of India’s leading automobile parts e-commerce startup has announced that it is building a blockchain-based platform for automobile maintenance industry. The platform would store the information of the movement of automobile parts through the supply chain on an immutable blockchain. The automobile part manufacturers, distributors and retailers would be part of this private consortium based blockchain. Car owners can check the authenticity and complete provenance of the car parts they buy on SparesHub’s blockchain platform. This will help fight the multi-billion dollar fake and counterfeit automobile parts industry throughout the world.