VinChain — Decentralized Vehicle History

blackhazerf (25)in #vinchain • 6 years ago

VinChain is a blockchain database that records all information related to the vehicle. For each vehicle, information accumulated during the entire period of use This history is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used It guarantees absolute reliability and data security.
The VinChain project solves the asymmetric information problem at used vehicle market by creating decentralized, unchanged, transparent, safe, and reliable recycling vehicles.

A BRIEF OVERVIEW OF VINCHAIN

The purpose of the project

Create blocks with different levels of access and information
protection. The level of data security should be in accordance with the needs of government agencies.
Unite participants in the automotive industry, such as
manufacturers, insurance companies, dealers, workshops, navigation system developers, into a single ecosystem for data exchange purposes.
Create the infrastructure and provide direct access to the database
every market participant

The solution offered by VinChain

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 continuing car history, with no lack of a centralized database. Market participants such as car manufacturers, car dealers, insurance companies, banks and leasing companies all require a history of exploitation and they need transparency, affordability, reliability and authenticity.

Road Map