AlphaCar PROJECT ((ICO REVIEW 2018))-LINK THE AUTO WORLD FOR A BETTER FUTURE

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INTRODUCTION:

The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles, some of them are called automakers. It is one of the world's most important economic sectors by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.

The term automotive was created from Greek autos (self), and Latin motivus (of motion) to represent any form of self-powered vehicle. This term was proposed by Elmer Sperry.

The automotive industry began in the 1860s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production.

In 1929, before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them. At that time the U.S. had one car per 4.87 persons. After World War II, the U.S. produced about 75 percent of world's auto production. In 1980, the U.S. was overtaken by Japan and then became world's leader again in 1994.

World Motor Vehicle Production

In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U.S. production, with 10.3 million units, while Japan was in third place with 9.9 million units. From 1970 (140 models) over 1998 (260 models) to 2012 (684 models), the number of automobile models in the U.S. has grown exponentially.

In reference with the motion of this article, Today! I will be presenting you a particular undisputed project called: AlphaCar

WHAT IS AlphaCar?

AlphaCar is Token Economy community, developed by the development team to serve the global automotive industry. It will be used by all consumers and commercial players. A public blockbuster will record all transaction records among consumers and automated commercial players to create a selfless Token Economy community and value tokens from all members of the community contributing to the Token Economy community.

ABOUT AlphaCar

AlphaCar will build a CTE (Community Token Economy) for the global automotive industry. In this CTE, consumers are also stake owners. The global automotive industry will be transformed from a typical lemon market to a 10 trillion dollar trustless market. This will result in an exponential decrease of transaction costs, and an exponential increase in efficiency. This paradigm shift will create an immense wealth creation effect.

Based on blockchain, IoV, Big Data and AI technologies, AlphaCar will make car transaction and evaluation records impossible to be tampered or deleted，and optimize the automobile industry efficiency and service quality. Alphacat will provide all parties with a trustless community Token Economy.

AlphaCar Technology:Blockchain and the Auto IndustryAlphaCar is a community Token Economy designed by the development team to serve the global automotive industry. It will be used by all consumers and commercial players. The public blockchain will record all transaction records among consumers and auto commercial players so as to establish a trustless community Token Economy, and reward tokens to all community members who contribute to the community Token Economy.

The automobile industry is the largest lemon market in the world, and blockchain is the best technology to solve the problem. Based on the inherent properties of the blockchain technology, AlphaCar will make all transaction records in the automobile industry cannot be tampered or deleted.
Big Data With IOV
We expect to acquire large-scale, real-time, multimodal data related to driving, maintenance as well as driver data, and leverage such big data for in-depth and fine-grained analytics, which would facilitate comprehensive, transparent, sustained and optimized after-sale services to the mass of car owners.

Our platform possesses mass equipment connection capability and real-time big data processing capability, which support personalized auto insurance pricing and private car sharing implementation.
Network Effect
The value of AlphaCar follows the network effect and is proportional to the square of number of community members.

The network effect refers to the “Metcalfe’s Law”proposed by Robert Metcalfe, the creator of the Ethernet and 3Com. It states that the value of a telecommunications network is proportional to the square of the number of connected users of the system. The Chinese company Tencent and the US company Facebook are both successful cases of the network effect.

The network effect refers to the “Metcalf law” which is proposed by the Internet pioneer Robert Metcalfe. The law states that the value of the network is proportional to the square of the number of network members. The value of the AlphaCar will increase exponentially in proportion to the number of community members.

Prospective Applications of AlphaCar
As a dencentralized organization serving the global automotive industry, the AlphaCar Foundation assists the global automotive industry stakeholders to develop a healthy Economy and benefits from it. Car owners will enjoy one-stop and continuously improving auto services, such as usage based insurance, car sharing, car sales, auto finance, and auto repair and maintenance. The automobile transaction records of AlphaCar’s members will be recorded on the blockchain, and analyed using open source big data AI algorithms. The auto service providers ranking will be continuously improved, along with better consumer experience. This will help quality service providers to quickly grow in the Economy
Shared Design: Designers worldwide collectively design new cars and share rewards.

Shared R&D: Engineers worldwide collectively develop new cars and share rewards.

Car Sharing: Share cars safely through blockchain and IoV tech.

Usage Based Insurance: UBI to reward good driving behavior.

Car Maintenance & Repairs: One stop service network survival of the fittest.

Car Trading: Blockchain big data transparent pricing.

Car Financing: Blockchain big data provide effective trustless risk control.

• Roadmap *

2017-Q2 Project kickoff

2017-Q4 Determine project technology and appplication roadmap.

2018Q1 Complete the project white paper. Road show kick-off.

2018-Q2 ERC20 token ACAR will be issued and listed on exchanges. Community members reach 100,000. UBI is available.

2018-Q3 Community members reach 1 million. Private car sharing is available.

2018-Q4 Community members reach 3 million. Car trade and car financing is available.

2019-Q2 Community members reach 10 million. Car design and R&D Sharing is available.

2020-Q2 Community members reach 50 million. Applications in automotive industry flourish in the community.

2021-Q2 AlphaCar is widely adopted to support a fair and transparent automotive industry. Emergence of a trustless and self-evolving automotive Economy.

AlphaCar TEAM BOARD

AlphaCar ADVISORS BOARD

AlphaCar ROADMAP

AlphaCar ICO ANALYSIS

The ICO is a natural supplementary funding source to further accelerate the development and global adoption of the AlphaCar PLATFORM

AlphaCar will issue ACAR tokens in accordance with the ERC20 standard. ACAR token is a utility token, which can be used to purchase services in the AlphaCar CTE.

AlphaCar TOKEN ANALYSIS

The number of tokens are 10 billion and will never be over issued. The number of tokens will also decrease due to the burn mechanism, in which no less than half of the project’s profit will be used to buy back and burn the ACAR tokens.

40% of the ACAR will be offered to early purchasers of the token, 20% will be rewarded to community members for their contribution, 10% will be used for CTE development, 20% awarded to the project team, 10% to project advisors and commercial cooperation.

CONCLUSION:

Thanks to Blockchain Technology and AlphaCar Platform for introducing better and incomparable ideas in the World Automotive

For more information about this project, please! follow the links bellow » » »

WEBSITE: https://www.alphacar.io

WHITEPAPER: https://www.alphacar.io/r/project/file/AlphaCar_WhitePaper_EN.pdf

ANN TREAD: https://bitcointalk.org/index.php?topic=4390635.msg39103759#msg39103759

TELEGRAM: https://t.me/AlphaAutoAssociation

FACEBOOK: https://mobile.facebook.com/alphacar.io

TWITTER: https://twitter.com/AlphaCar

REDDIT: https://www.reddit.com/user/AlphaCar

••BITCOINTALK USERNAME: Dprince2281

••BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1907552;sa=summary

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AUTHOR: Dprince2281