VLB – Amazon-like platform for automobile industry?

Have you ever thought why online shopping is more popular these days? Because working people don't have much time to visit shops and purchase the items they need. Instead, they can easily order an item online while sitting in their office itself. Popular online retailers like Amazon offer a hassle free return policy as well as fast delivery.( 2 days for Prime members). So, people don't need to travel anywhere for buying the necessary items.

If you get a chance to talk with someone living in the USA, you will definitely hear the names like Walmart, Costco, Target etc during your conversation. Walmart and Target are a popular chain of supermarkets located in almost all states of USA. Costco is the largest wholesale supplier of food, electronic, cosmetic and all other products needed in a house. Do you know what is the significance of these retailers? All-in-one. Yes. You can buy everything that is essential to meet your daily needs under the same roof. So, this kind of supermarkets helps you to save a lot of travel time as you are getting all the items in the same place.

Online shopping and Supermarkets are somewhat similar as they both follow the same concept. All-in-one-place. Now, let's turn our attention towards the automobile industry. In western countries like US, UK, and Europe, owning and driving a car is not luxury but a necessity as the public transportation is limited in these countries. Buying and maintaining a car is not straightforward as you don't everything needed for a car under the same roof. Check out the points related to buying a car.

1. Insurance

Without an insurance, it is impossible to drive any car. Also, the insurance needs to bear the name of the person who will be driving the car. So, you need to choose a good insurance company based on your needs.

2. Car Loan

If you cannot afford to buy the car with cash, then you need to contact banks or private agencies for getting a car loan.

3. Registration

You need to visit the nearest DMV (Department of Motor Vehicles) or similar office in your country to register the car in your name.

4. Repairs

Your car needs a service checkup every 6 months or 1 year. So, you need to find a car servicing center nearby your location for doing maintenance or repairs.

So, you need to visit many service providers for the maintenance of your car. Why can't all of them be available in one roof like a supermarket? Yes. That's exactly the idea behind the ongoing development of VLB (Vehicle Lifecycle Blockchain) by a company named Carfix which will bring all car service companies Insurance companies, auto dealers, auto finance, repair shops etc under a single platform. This platform is based on the blockchain technology. To read more information about the features of this platform, please visit http://vlb.io/Whitepaper.pdf

Both the customers and car service companies or businesses need to hold VLB tokens to access this platform. VLB tokens are based on Ethereum ERC 20 standard and can be acquired during the I initial token sale. Check out http://vlb.io/ to know the Latest information regarding the token sale.