VinChain solves the problem of asymmetric information in the used car market by creating a decentralized, unchanging, transparent, secure and reliable car inventory.
VinChain is a blockchain database that records all vehicle related information. For each vehicle, information is collected throughout the life of the vehicle. This history is transparent and accessible to everyone. In order to protect the accuracy of information, distributed storage technology is used. This ensures absolute reliability and confidentiality of the data.
Every day hundreds of thousands of used vehicles are sold worldwide, and every buyer wants to get reliable information about the vehicle's technical condition. This is a matter of security, financial and safety matters. Unfortunately there is no single database of cars. There are commercial establishments, but they do not solve this problem. Their information is stored centrally and is at risk of inaccuracy. Commercial establishments closed and did not exchange information with each other. As a result, buyers of the car risk their safety and lose money.
In the future, this technology can be extended to different segments of the market: yachts, construction machinery, real estate.
The solution is provided by VinChain
For each vehicle, we will issue a blockchain passport, will be stored in a distribution list. The VinChain project will integrate all data providers and create a continuous car history, without the lack of centralized databases. Market participants such as car manufacturers, car dealers, insurance companies, banks and leasing companies must have a history of operation and they need transparency, affordability, reliability and authenticity. Buyers who are currently choosing a car can also place our report immediately.
The purpose of the project
Transform the global market of used automobiles by making it honest,
Reliable and have equal access to information for each participant.
Project objectives
Create a block with different access levels and protect information.
The level of data security must correspond to the needs of government agencies.Consolidate the participants in the automotive industry, such as the
Manufacturers, insurance companies, agents, service stations, the
Developed the navigation system, into a single ecosystem for the
purpose of data exchange.
Create infrastructure and provide direct access to the database for each market participant.
How it works
When requested, information corresponding to the requested VIN will be searched and selected in the blockchain. Each record will have information about the data provider, date, VIN and vehicle usage.
Roadmap of the project
February, 2017: Concept Development, Founder research the ability to collect and store information of blockchain technology; The prototype was first developed.
October 2017: White Paper and Project Bulletin approval
white paper, collecting feedback from the community, conceptualizing and developing a work flow chart based on collected data
November 23, 2017: pre-sale token for early stage investors
From December 1 to December 24, 2017: VinChain pre-ICO. Pre-ICO
VinChain will be held from December 1 to December 24, 2017 until the requested amount is collected.
March 2018: Check MVP
Product testing is given
March 22 - April 15, 2018: ICO VinChain, ICO launches. The main objective during this time was to sell the tokens
for quality and no malfunction.
April 16, 2018: card issuance
When the ICO ends, the procedure card will be issued to the investor
April 20, 2018: Develop and optimize products, release new versions
4th quarter of 2018: Completion of VinChain project.
ICO
Why Blockchain?
Advantages of using blockchain technology for VinChain:
● Blockchain can store any information about vehicle maintenance
● Opportunity to adjust access levels for different users
● Absolute reliability
● Award system for transparent data providers
● Opportunity to work directly with each market player
● Ability to resist network attacks
December, 1st - 24th 12,000,000 tokens will be available to order with the ban for 3 months after the ICO expires. Release Tokens and sell on ICO. The ICO will be held from March 22 to April 15, 2017.
Payment methods available for Vinchain card:
● Bitcoin (BTC)
● Ethereum (ETH)
● Rip (XRP)
● Litecoin (LTC)
● Waves (Waves)
● USD, EUR, GBP
Available for location: 600 million tokens. Cards will be distributed between buyers within 72 hours of the end of the ICO. Maximum investment: $ 34,500,000.
Conclude:
This is a very interesting project, the idea is great and their team has been very well prepared for the product before ico. I give the score 8/10 with this project. I will win some of my ETH to participate in this project.
https://vinchain.io
https://vinchain.io/files/VinChainVehicleHistory.pdf
https://twitter.com/VINChain_io
Author:
https://bitcointalk.org/index.php?action=profile;u=1092445;sa=summary
Bitcoinfuture2017
0x3C652213Cf50c81CE8926A6320a058116c3f9602
Hey @trungbitcoin2017, great post! I enjoyed your content. Keep up the good work! It's always nice to see good content here on Steemit! Cheers :)
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