THE UNIQUE PROJECT KNOWN AS DRIVEHOLIC

flezy (40)in #ico • 6 years ago

The world has gotten to the stage whereby if someone is not already informed about blockchain technology, then the person is missing a whole lot. Think about it, applications of blockchain technology can be found in almost all sectors, platforms or systems such as healthcare services, gaming platforms, financial institutions and host of others. This feat was made possible owing to the following features of blockchain technology;
a. Decentralization: With this feature, every user within a blockchain-based platform or system will be the master of his personal data. Also with data being decentralized, cyber attacks are ultimately reduced.
b. Smart contracts: This is a feature which ensures transactions are processed effectively with no point of failure. Also, the initiated transactions are protected.
c. Time-stamping: This feature makes sure each initiated transaction can be tracked and not lost.
All these are features not available on centralized systems, thus the uniqueness of blockchain technology. Owing to these, a team of brilliant minds aims to disrupt the traditional marketplace for vehicles with the aid of blockchain technology, thus creating a decentralized platform known as DRIVEHOLIC.
Driveholic is a blockchain based marketplace for vehicles; presenting a decentralized peer-to-peer network for Individuals to transact, thus creating the world's first escrow secure marketplace for vehicles.
With Driveholic based on blockchain technology, it will be able to utilize the outstanding attributes of blockchain which includes decentralization, smart contracts etc. With this and through this, Driveholic will succeed in creating a decentralized social vehicle marketplace free of fraudulent activities as all transactions will be transparent, Individuals will trade with confidence as blockchain will ensure trust and all transactions will be carried out efficiently as blockchain will ensure reliability.
The result of it all is that Individuals will be able to buy their preferred car using cryptocurrency without considering transaction charges or restrictions associated with fiat, also no cross-border limits are present.

WHY DRIVEHOLIC IS DIFFERENT

The main aim of Driveholic is to create a decentralized social marketplace where individuals will be able to transact with each other right within the community.
Individuals will be able to buy, sell or auction both new or used cars of their choice, with any dealer, private seller etc from anywhere in the world right within the Driveholic blockchain based marketplace. By paying with cryptocurrency, the transaction fee is reduced and all obstacles associated with fiat is overcome. In addition, owing to the fact that Driveholic is based on blockchain technology, and thus due to its decentralized nature, Driveholic will create a global car marketplace with no restrictions caused by geographical limits, therefore easily accessible to users.
Also, with the aid of smart contracts, Driveholic will eliminate the middleman as the smart contract will act as the escrow needed in all transactions thus providing security to all transacting parties in addition to no transaction fee due to the fact all transactions are done with DRVH token.
Furthermore, through the Introduction of social interactions, the team behind Driveholic platform created an outstanding digital trading platform where trust is brought in through the incorporation of traditional social media interactions.

CONCLUSION

Never have there been a project like Driveholic with such amazing and wonderful features. By using a smart contract, Driveholic created a decentralized social marketplace based on blockchain technology which will;
a. Be free from any middleman,
b. Easily be accessible to all transacting parties with no restrictions,
c. Be transparent, trustworthy and reliable as individuals will transact with cryptocurrency.

THE BRILLIANT MINDS