VINChain- The Solutions in asymmetric marketing by combining Blockchain Technology

Introduction

In this modern era, of course, have a vehicle like a car is no longer a luxury. Almost everyone has a car and you can choose to buy a new car or used the car but with a machine that is of good quality. But if you buy a used car definitely want to keep getting the right choice and sometimes it’s hard. Problems such as the difficulty of distinguishing a decent or bad used car, or the dishonesty of a seller against the feasibility or lack of a car that could lead to fraud.

Our project will help to build loyalty and trust-based relations between dealers and buyers due to a clarity of information. Dealers will be able to utilize the VINchain platform to accurately determine the market value and history of a vehicle. Insurance companies will be able to utilize our platform to identify undisclosed or, the opposite, fabricated accidents and protect themselves and subsequent owners from scammers and fraud. Banks and leasing companies will be able to utilize the platform to ascertain an accurate price of a vehicle when offering loans. Service stations will be able to carry out inspection and detect hidden defects more accurately. There are limitless potential applications of the data we will collect.

About VINChain Project

We have over 20 experienced team members and advisors, with extensive experience in blockchain service platforms, the automobile industry, marketing, vehicle auctions, database management, software development, and in many more areas.

VINchain is a decentralized vehicle database that will collect all relevant information about used vehicles, including repair records, accident history, mileage, and any other relevant information. The idea of our project is to solve the problem of asymmetrical information in the used vehicle market by creating a decentralized, transparent blockchain database that records all information pertaining to used vehicles.

The information will be provided from certified sources only. If a supplier provides incorrect information, it will be marked as incorrect in the blockchain and the provider will potentially be banned from providing any data in the future. We will implement machine learning technology so that all information will be verified by the system and all irrelevant data will not be taken into account.

About VIN TOKEN

Using VIN tokens, you will be able to access the worldwide database of used vehicles that is stored on the VINchain decentralized platform and is only available to holders of VIN tokens. The smart-contract behind the VIN token provides a transparent, clear, and honest mechanism of obtaining and paying for the information provided by the platform information providers. Additionally, as the database grows, we plan to expand the platform service portfolio to include additional related services, such as service station and insurance company recommendations.

Roadmap