Vehicles are part and parcel of our daily life. We cannot imagine a life without them. The industry is going through a rapid technology development and adopting the latest methods in the vehicle world. The fundamental problems in the industry are as follows; the lack of trust among the service providers of the industry, the presence of third parties and intermediaries, centralized mode of operation by many service providers, inefficient data management and lack of a global standard for the vehicle service industry.
The growth of the vehicle- related services industry is dependent on the common understanding of the different stakeholders, and the adoption of the latest technology to find a common solution. Do you think that it is possible for the service providers to collectively create a common platform for the development of the vehicle-related service industry?
Solution offered
MASS VEHICLE LEDGER (MVL) Ecosystem is the latest solution for the vehicle industry based on the blockchain technology. MVL is creating a common platform for the different stakeholders of the industry offering those unlimited incentives to join the platform. They are building an entirely different model which works on the incentivization. Incentivizing people for following rules of the road is one such example which will encourage the growth of the platform.
Creating a centralized database for the data management of the vehicle's entire lifetime will help in presenting solutions to the various problems in the industry. Transparent data is the foundation for the development of efficient vehicle-related services. MVL user can add data on the platform and earn rewards for his contribution. Car makers, transportation operators, car rental companies and insurance companies are a few of the many sectors which can take advantage of the service offered by the platform.
Different phases of the car have been defined on the platform, such as new car phase, driving phase, Non -driving phase, trade phase and scrapped phase. The core layer of the platform consists of blockchain layer and external distributed storage. The data regarding the accident, purchase, and driving of the vehicle are stored on the blockchain.
Data is validated on the platform using the MVL AI engine. Different kind of participants exists on the platform, such as users, drivers, mechanics, and owners. They contribute to the platform according to their capacity and earn favorable rewards for their contribution.
ICO INFORMATION AND TEAM
30 Billion MVL Tokens will be created for the project in which 29% of the token are reserved for the token sale. The pre-ICO is going to take place in the next six days on the platform. The funds will be utilized for the purposes of developing and marketing of the platform. The team working on the project is experienced in the fields of engineering, Investment and blockchain technology.
Conclusion
Anyone can book a ride from anywhere and travel anywhere they like. Convergence of IT and the Vehicle industry has proved beneficial for both these industries. Under the given circumstances, the industry has been consistently performing well in the last few years. There are 1.2 billion cars driven daily in the world, according to a statistics by statista. MVL ecosystem is designed as a common platform for the all the services related to your vehicle.
Having a platform which takes care of all the services of your vehicle with the help of blockchain technology is the aim of the platform. Many major technological breakthroughs in the vehicle industry have been achieved in the past few decades. Automatic driving and electric cars are the future of the industry. What do you think about the different services offered by the industry? Are we ready to join the platform?
Website:https://mvlchain.io/
Whitepaper: https://mvlchain.io/papers/mvl_white_paper_en.pdf
Published By:Kishan748
Btalk Profile:https://bitcointalk.org/index.php?action=profile;u=1027561