VinChain - Decentralized vehicles

richard3455 (25)in #cryptocurrency • 7 years ago

VinChain is a blockchain database that records all the information related to the vehicle. For each vehicle, the information accumulates during the entire period of use. This story is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used. Guarantees absolute reliability and data security. Every day hundreds of thousands of used cars are sold in the world, and each buyer wants to obtain reliable information about the technical conditions of the car. This is a major security, financial and security problem.

The VinChain platform records everything in a robust, robust and decentralized basis for blockchain technology. Not a fake, not fraud, only confirmed verified information. Each car undergoes a thorough identification and gets its own passport in the detachment. And whenever you can receive reports at the request of producing countries, their services, dealers, insurance companies and many others are available to members of the ecosystem.

The mission

Change the global used car market by making it honest, transparent,
reliable and with equal access to information for each participant.1. Create blocks with different levels of access and protection of information. The level of data security must be in accordance with the needs of government agencies

2. Unite participants in the automotive industry, such as
manufacturers, insurance companies, distributors, workshops,
navigation system developers, in a unique ecosystem for
the need for data exchange.

3. Create the infrastructure and provide direct access to the database for each market participant.

For each car we will issue a blockchain passport, which will be stored in a distributed list. The VinChain project will unite all data providers and create a continuous history of the car, without missing a centralized database. Market participants, such as car manufacturers, car dealers, insurance companies, banks and leasing companies, require a history of exploitation and need transparency, affordability, reliability and authenticity. Buyers who currently choose a car can also request our report immediately.

The evaluation of the provider's data is based on the classification scale. Each blockchain request is a payment card. Each report contains data about the car from multiple suppliers. Each seller that the data used in the report receives a payment token. VinChain receives a commission for each request.

Benefits of using VinChain's blockchain technology:

Blockchain can store information about vehicle maintenance
Opportunity to adjust access levels for different users
Absolute reliability
A transparent reward system for data providers
Opportunity to work directly with each market participant
Resistance to network attacks

Token VIN.

The VIN Token is designed to use it as a payment facility that will ensure a stable betting rate and facilitate payments. When requesting information on the VIN code, the client will pay the tokens of the system, and also they will receive information providers.

To date, developers are working to conclude agreements with dealers, insurance companies, banks and manufacturers. In February 2018, a mobile application will be released, in March - the launch of a test version, and from March 22, 2018 to April 15, 2018 - ICO. Ways to pay tokens VIN: Bitcoin (BTC), Ethereum (ETH), Riple (XRP), Litecoin (LTC), Waves (WAVES), USD, EUR, GBP. There will be 600 million tokens available.