000c03…\rPrevious Block 00000000000000000136…\rMerkle Root f6a57b63731929b2ae37…\r6\rTransaction\r7\rTransactionHow it works\r8\rCar Leasing Business Network\rTraditional DatabaseOwnership\rTransfer\r3. Leasing 5. Scrap\r1. Manufacturer 2. Dealer 4. Lessee\rCompany Merchant\r“In house” “In house” “In house” “In house” “In house”\r(ledger) (ledger) (ledger) (ledger) (ledger)\r× Multiple ledgers Synchronisation:\r× Slow\r× Who owns what,\rRegulator × Error prone\rwhen, could get\rconfused ?\r“In house”\r(ledger)\r11\r9\rBlockchain\r10