Chabot Mobility said on the 17th that it signed a business agreement with EQBR Holdings, a blockchain infrastructure company, to develop an innovative blockchain-based K-used car export service.
The used car export market has grown rapidly in recent years, but inconvenience persists due to the complexity of payment procedures and the opacity of distribution structures. In particular, for overseas buyers, indirect purchases through local brokers are common, creating price markups during the transaction process and limiting efforts to secure quality trust. Chabot Mobility said it is pursuing this partnership to apply blockchain technology and create a transparent and efficient transaction environment to resolve these structural problems.
Through this partnership, the two companies plan to implement: ▲ securing reliability of vehicle quality ▲ shortening remittance procedures and reducing fees ▲ a transparent payment process.
EQBR is a leading Korean blockchain company with full-stack development capabilities from the blockchain engine to infrastructure and the service layer. In particular, it has differentiated competitiveness in blockchain security certification and stablecoin payments. Based on EQBR's technology, Chabot Mobility plans to introduce a system that allows overseas buyers to select vehicles directly through an online platform and pay quickly and safely. It also plans to build a quality assurance system using blockchain certificates, enabling overseas buyers to place greater trust in Korean used cars.
Kang Byung-hee, deputy CEO of Chabot Mobility, said, "With overseas demand for K-used cars continuing to expand, this partnership goes beyond simply applying new technology to become a meaningful step that simultaneously enhances the reliability and convenience of Korea's used car export market," adding, "By combining EQBR's technological prowess, we will further advance Chabot's competitiveness as a global auto-commerce platform and continuously create an environment where overseas buyers can conduct transactions with confidence."
Lee Hyun-gi, CEO of EQBR, said, "This partnership is an important case showing how blockchain-based infrastructure can be applied on the front lines of trade in the real economy," adding, "In particular, a quality assurance system through blockchain certification and a transparent payment structure using stablecoins will innovatively improve the inconveniences of the existing export market."