AutoBlock: Blockchain based platform for the automotive industry

adnanzeal (38)in #ico • 6 years ago

The AutoBlock is specifically designed platform for the automotive industry based on blockchain technology. The idea for such a solution was born in the first quarter of 2017 when the founding members realized that the motor market was significant but lacked the essentials that made it safe, accessible and more reliable. Full development of The AutoBlock began in the third quarter of the same year, and the company opened its first regional office in the final months of 2017.

To align cryptocurrency with the mainstream automotive industry AutoBlock offers a unique set of products and it will make vehicle fast and secure transactions and also give full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations to its users. This will provide transparency to both the buyers and sellers. With its mission is to serve professionals in the motor industry such as insurance companies, car dealers and leasing companies, AutoBlock will provide easy to access accurate and accurate data, and valuations with the help of Blockchain technology, it will provide real-time valuations with the help of live data which will result in a rich database of all vehicle specifications which exist across the world.

AutoBlock is using hybrid blockchain technology which is utilizing the best of public and private blockchains due to which there will be continuous transfer of vehicle data using smart contracts which forms the foundation of its fair vehicle valuations platform.

AutoBlock will use its own blockchain and artificial intelligence in this project, which will collect data that will cover both the history of each new vehicle and the entire life cycle of the vehicle, as well as a platform that will include a full picture of each vehicle and most importantly its value. The AutoBlock Project is to provide a special automotive secure industrial cryptocurrency that will be adopted by auto dealers as a defacto payment solution all over the world.

Token Information:

There will be a total of 400 Million AUTOCOIN in circulation, and 220 Million which is around 55% of total tokens issued will be made available for the token sale.

Token Name: AUTOCOIN

ICO Price: 1 AUTOCOIN = 0.00025 ETH

Platform: Ethereum

Accepted: ETH

Minimum investment 0.20 ETH

Soft Cap: 5,000 ETH

Hard Cap: 40,000 ETH