The automotive market is rapidly developing every year. A modern person can no longer imagine his life without a car. And this is quite justified - car allows a person to be mobile, to get to work with comfort. But, as in other areas, the car market has a number of shortcomings. The most common of them - unscrupulous service providers, and it applies to car sellers, insurance companies, car service providers. A buyer can in fact sell the broken repaired car as a new one, without reflecting it in the documents. One-day car-care centers charge for repairing a car and disappear after receiving a prepayment. The car market has greatly undermined confidence, and it badly needs a reliable partner that will protect its customers and provide the car market with reliable service providers. AlphaCar platform aims to solve the problem of car owners and presents a decentralized platform for the purchase and maintenance of the car.
https://www.alphacar.io/
Key Features of AlphaCar
AlphaCar platform is based on the latest versions of modern technologies, such as blockchain, AI and IoV, and prevents the forging of documents on a car, the elimination of documents concerning car valuation and related transactions. Information in the database is stored based on information about a car. Thus, when you enter the identification parameters (usually VIN code), you can find out how many people owned a car, what repairs a car went through, where it was insured and whether there were accidents.
AlphaCar optimizes the quality of car services and increases the level of effective work with them. The project was launched in the second quarter of 2017, and currently the alpha version of the project is under development. By the end of the year, active car sales through AlphaCar will be actives. By the middle of 2021, the project will work in full force with a full range of services.
AlphaCar is a decentralized platform for the development of the global automotive industry. This is the community of car owners and car service providers that together create a safe and transparent economy. AlphaCar will solve the problem of the illegality of the market, which exists in the automotive industry due to information asymmetry, which may lead to providing car owners with false information. AlphaCar technological innovations include the development of an open data platform that is based on blockchain for data storage, querying, processing and voting. Algorithm of ranking service providers in all areas of work in the automotive sphere is open, and transaction data are transparent. Each stage of a transaction is determined by the algorithm and cannot be controlled centrally by the creators. The ranking algorithm is proposed by the developers when creating the project, and community members can vote for the adoption or modification of the algorithm.
Advantages of AlphaCar
Based on blockchain technology, each user will receive full and truthful information about a car of interest. All documents concerning a vehicle are stored in the system until a vehicle is disposed or is out of order without the possibility to recover it. In this case, a car will be marked of non-compliant with the safety parameters.
https://www.alphacar.io/
The implemented IOV technology allows connecting to the platform using different hardware, starting with a desktop computer and ending with a smartphone. Processing of all incoming data occurs in real time due to the work of artificial intelligence. This will allow AlphaCar user to always receive up-to-date information about a car. In case when technical inspection or the insurance expires, a user will be automatically notified from the system with the most favorable offers for renewal.
Within the framework of AlphaCar project, designers around the world are working on the appearance of new cars and share their experiences with each other. The leading engineers follow the same scheme - they offer their latest innovative developments for the technical improvement of new auto models.
With the help of AlphaCar, it will be safe not only to purchase a new car, but also to exchange cars between two users. All transactions are made using smart contracts, which positively affects their speed and protection from data theft.
AlphaCar cryptocurrency
ACAR tokens are based on Ethereum in accordance with the ERC-20 standard. They can be used to pay for various services within the project. The total number of issued ACARs is 10 billion. The repeated release of cryptocurrency is not planned. Each user can be rewarded by ACAR for their contribution to the community. For example, you can get ACAR for buying car insurance and publishing a review about the work of the service provider. Now the project is in the process of the pre-sales, that lasts until August 6, and you can purchase ACAR tokens at 30% discount. From August 8 to September 9 the main crowdsale takes place. The fixed price is 60 000 ACARs for 1 ETH. All tokens holders are not just users of the project, but also investors, based on the number of tokens available.
Conclusions
Thus, AlphaCar seeks to develop the global automotive industry. All transactions on the platform are recorded on a secure circuit. Service providers and consumers will together create a transparent cryptocurrency economy. Each member of the community can be rewarded with ACAR token. All AlphaCar users will be able to enjoy a wide range of reliable services, such as joint car designing, private car operation, insurance registration, car repair and maintenance, car trading and investment in the automotive business. The automotive industry, estimated at $10 trillion, will be transformed from illegal work into a transparent and reliable market.
Links:
Website: https://www.alphacar.io/
WhitePaper: https://bit.ly/2NnIinQ
Telegram: https://t.me/AlphaAutoAssociation
Facebook: https://www.facebook.com/alphacar.io/
Twitter: https://twitter.com/AlphaCar_
Medium: https://medium.com/@AlphaCar
ANN: https://bitcointalk.org/index.php?topic=4390635
Author: https://bitcointalk.org/index.php?action=profile;u=980049
Disclaimer
This review by Bonanza Kreep is all opinion and analysis, not investment advice.