AutoBlock – solution to revolutionize automotive sector
Concept of Manufacturer (Seller), Retail-chain (Middle layer) and Customer (Buyer) is dominating the Automotive sale-chain, and Retail-chains have monopolly on stock and advertisement of Manufacturer, so to influence Buyer position on the market. Buyer have to trust Retail stock values, and delivery dates are formed by Retail.
This could be changed through blockchain, that will allow for fully online presence of Seller stock, as listed vehicles, and Buyer can choose from those lists, no matter of new/used car purchase. Blockchain shall allow lighting-fast payment, by all means fiat/crypto and shall be free to use for Retailer.
Autocoin https://www.theautoblock.com/ provides transaction alternative that is easy-to-use and very efficient, and aim for acceptance for peer-to-peer transactions and by auto-dealers. Within a lot of benefits that crypto provides, I would like to highlight following – no bank charges involved, very fast settlement, high level of fraud prevention and growing market of future consumers that use crypto coins. For dealers, there is also an advertisement fee, which is very high on profiled website, such as Autotrader, but on www.autocoincars.com there is no advertisement/stock presence fee. After successful launch of Autocoin, there are already involved car dealers in the network, to mention from Japan, India, but also over 2500 franchised dealers within EU and UK.
In the future, autocoincars.com portal shall compete for car sales advertisement, with zero fees and available number of payment methods as best advantage. PoS devices that will provide for direct connection with blockchain will facilitate payment methods and increase security. Data from blockchain platform can be used after by government, insurance companies, car valuations, manufacturers, since these will be big data from automotive industry that is not currently available publicly on the market. Each car will be presented with set of data that define it, in regards of value, and those data will be year of manufacturing, type and model, current mileage, service book with major repairs, eventual physical damage, insurance claims for the past etc. Blockchain will also provide for geographical disposition of car price by above mentioned characteristics, but these data will be influenced by transport data, if you want to purchase car that is not close to your place of living.
Data on blockchain will also provide for expected lifetime of each vehicle, which could be very usefull in case you want to buy used car.
Blockchain will be formed from two separate blockchains, The Auto Block will be on HLF, as a private blockchain to store data, as proprietary fork on Waves blockchain and ATC token will be formed as ERC20 tokens. All tokens will eventually be swaped on ATC mainnet, when this net become alive. All participants will be identified first, to join the network and prevent money-laundering.
Since ATC will be security token, there will be eward for token held, from profit that will be made. Additionally, AutoBlock have the right to buy-back mechanism, which allows them to buy unlimited number of coins in case that price go down to 85% from initial value, that should keep value in place.
For more information, join telegram group https://t.me/autoblockofficial, and token sales is already on 35% of SoftCap.