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No. We have to get our vehicle registered to our state authority. If not they charge us challans. If there is still any possibility to go with your idea, the government has to approve which is quite difficult

Same idea I to .

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While I wqs studying blockchain, I heard of centralised blockchain which can act according to govt guidelines

I think the main problem with blockchain is no tracking of fund

Sounds innovative but You’ve identified the problem already

If Government allows/authorises, then we can go ahead.

Nobody will allow this. Also a reason why crypto hasn't become a public alternative to money. Only if the government supports can this or crypto become mainstream for public use or transactions.

But if the govt doesn't allowed this, how will you establish anything?