Information asymmetry has to do with decision in transactions where one party has more or better information than the other. This asymmetry creates an imbalance of power in transactions, which can sometimes cause the transactions to go awry or market failure in the worst scenario. This also bring about monopolies of knowledge. With the innovation of AlphaCar's blockchain technology and big data, there will be decentralized or open data platform for data storage and information sharing. With AlphaCar, every players in the automotive industry will have access to information at ease, and make the right decision in terms of investments or just consumption.
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