Mass Vehicle Ledger To Provide A Digital Framework For Vehicle Data Gathering
The Mass Vehicle Ledger system is being proposed as a blockchain based framework which would help the vehicle industry in different ways. Those who would benefit from this ecosystem are vehicle manufacturers and retailers, car owners and repair or other service providers as well as insurance companies. They would be able to participate by uploading core data that could be pertaining to car models, provide information regarding repairs and accidents and help such data to be collaborated and made useful for others in the system.
Features of Mass Vehicle Ledger
This platform would combine several features such as:
- Those who participate and provide car related data would receive MVL points or MVP. It is a reward system that encourages contribution of data to this system.
- Participants can assume different roles such as providing data that are accurate and transparent for transportation services, vehicle management, repair services, driving features and so forth.
- The blockchain based data would be validated and come of use for insurance companies, self driving people, car dealers and others.
- MVP that is gained by providing information on the site can be used to trade information or to market services on this platform. It can also be traded for MVL coins on this ecosystem.
- Contributors would also earn if their data comes of use when it is sold by others.
This platform would have an agreement protocol, or mining process whereby MVL coins would be credited to people who contribute to the process. The aim of the system is to provide all data providers fair rewards which would be transparent and automatically put in place by the blockchain technology. The system would also be able to maintain records pertaining to a vehicle during its lifetime, which would be kept secure and free from tampering on this platform.
Team working behind Mass Vehicle Ledger
This system is being developed by experienced and qualified professionals. Headed by Kay Woo, who is CEO of the venture has several graduate degrees as well as having worked in related technologies and research fields. He is aided by Jaehwa Han in CTO position who has extensive qualifications in similar fields. There are other professionals in different capacities that hold expertise in engineering, computer science and travel domain to work towards implementing this blockchain based framework for the transportation or vehicle industry.
Lucrative prospects of this platform
As the vehicle industry is much dependent on the digital world for vehicle services and technology feature updates as well as requiring information regarding vehicle trends or market data, this would be a lucrative platform through which they can gather such information. With different parties providing data that would be validated and made secure on this platform, those who provide information on this platform would be guaranteed reward for their contributions. Service providers and companies who make use of data from the platform would be guaranteed authentic data. For such properties it has much promise as a lucrative venture for the transportation or vehicle industry.
Token Name: MVL
Token Value: 1ETH = 240,000 MVL
Token Type: ERC20
Total Supply: 30Bn MVL (Tokens will only be issued once.)
Hard Cap: 8.7Bn MVL
Soft Cap: 1.5Bn MVL
Minimum Transaction Amount: 0.1 ETH
Maximum Transaction Amount: 100 ETH
1st PRE ICO Schedule (4/26 21:00 - 5/2 21:00 (UTC+9): 1,050,000,000)
Bonus lock policy: +25%
Bonus locked for 3 months
2nd PRE ICO Schedule (5/3 21:00 - 5/11 21:00 (UTC+9): 1,380,000,000)
Bonus lock policy: +15%, 20% bonus for purchases in first 48H
Bonus locked for 3 months
MAIN ICO Schedule (5/15 21:00 - 5/24 21:00 (UTC+9): 1,770,000,000)
Bonus lock policy: +0%, 5% bonus for purchases in first 48H
No lock
Private Sale Schedule
Bonus lock policy: Up to 50%
Bonus locked for 6 months
Website: https://mvlchain.io/
Whitepaper: https://mvlchain.io/papers/mvl_white_paper_en.pdf?t=6
Telegram: https://t.me/mvlchain_en
Posted from my blog with SteemPress : https://icoshrimp.com/mass-vehicle-ledger-to-provide-a-digital-framework-for-vehicle-data-gathering/