RENC PROJECT ((ICO 2018))-CAR SHARING PEER TO PEER PLATFORM THROUGH BLOCKCHAIN TECHNOLOGY

dprince2281 (5)in #dprince2281 • 6 years ago

Hi! everyone all over the world, as usual ! all of you know's, I always carry you along with any information about good crypto related projects through my blog.

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. images(2).jpg
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 350px-Motor_Vehicle_Prod_volume_RITA_T1-23.svg.png
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:RENC

WHAT IS RENC?

Untitled(1)_edit.jpg images(3)(1).jpg

RENC is a P2P car sharing service platform which anyone can participate in this platform anywhere and anytime globally, and a open source ecosystem. RENC P2P sharing and blockchain project started with interest in a shareable vehicle which can be available to share their resources with each other on the mobile platform. P2P Car sharing provide a solution of the world from economic and environmental problems based on sharing consensus for each other's interests. The goal of RENC group is to contribute to the mutual growth of humanity. RENC tokens empower an entire security ecosystem and have incentive participation from a sharing community for both of consumers and providers, small-medium business customers, individual consumers, as well as enterprise and investors.

ABOUT RENC

Untitled(1)_edit.jpg images(4).jpg

RentalCurrency (RENC) Coin is a specialized block-chain research community group located in Seoul and Singapore, group of researchers who develops rental services that can provide services by improving the lives of consumers, We have developed a platform to meet our needs and are constantly upgrading to create a credible currency that everyone can trust. Such a block-chain platform is basically based on ethereum block chain technology, and smart contract function is basically configured to secure stability according to consumption patterns and transactions of various consumers, and the solidity programming language.

RENC can be stored, used and traded through a decentralized, block-chained e-wallet and encrypted currency exchange service so that it can have a stabilized exchange rate. RENC can be used by anyone who is professional or nonprofessional to extract and trade the assets of RENC encryption currency, to promote all the rental service transactions around the world, to accumulate asset value and to provide convenience and benefit to distribute anytime and anywhere It will be the main means of equipping.

The RentalCurrency platform builds and delivers a global, decentralized network of mutual benefits for all users, and simplicity, security, cost savings, speed, and reliability are key. To achieve this goal, the RENC crypto currency Platform opens all the sources to be used by anyone interested in the market to maintain a secure wallet, unified exchange system, and stable exchange rate from the time of design. Building trust in these RENC crypto currencies is of paramount importance. Through the following plans, we want to explain the essential features of the system, including the platform structure and usage rules. We will also look at the future of the platform, and look at the planned additional features and features, as well as the potential benefits of innovative technology.

RENC ROADMAP

Untitled(2)_edit.jpg