The global automotive market has more than 1.3 billion cars and is a market with a value of 10 trillion US dollars. However, the automotive market is classified as the "Lemon Market" because of the problem of asymmetric information. George A. Akerlof won the 2001 Nobel Prize in Economics for his paper published in 1970 entitled "Lemon Market: Uncertainty of Quality and Market Mechanism". He used the example of a used car market to show that asymmetric information would cause bad money to control goods and the entire market would shrink.
Automotive consumers suffer from low quality products and services.
AlphaCar, which can be found online at https://www.alphacar.io/, will use blockchain technology to solve this problem. By placing all transaction records on public blockchain technology to make recordings unchanged. AlphaCar will build an automotive community without third parties. All contributors to the AlphaCar community will be rewarded with ACAR tokens, which will make consumers become shareholders.
In today's corporate world, company profits can only be shared by the company's shareholders and have nothing to do with consumers. However, the company cannot succeed without its customers and partners. In the AlphaCar CTE (Economic Token Society), the benefits of CTE will be shared with consumers and partners.
AlphaCar CTE also follows network effects, which means that its value will be proportional to the square of its members. This paradigm shift will create an enormous wealth creation effect, similar to the explosive energy created in nuclear fusion. People or businesses that previously joined CTE, will get higher profits.
Based on the whitepaper, https://www.alphacar.io/r/project/file/AlphaCar_WhitePaper_EN.pdf, AlphaCar has built a strategic partnership with AXATP, JV AXA and will start providing UBI (Usage Based Insurance) to car owners in China before 6 / 8/2018. AlphaCar has also built a strategic partnership with CheXiang.com, a leading car service company in China to provide car roof maintenance and repair services to car owners and give them prizes with ACAR tokens.
AlphaCar Founder and CEO Bill Deng received his Ph.D. under the guidance of Prof. Vernon Smith, winner of the 2002 Nobel Prize in Economics and Father of Experimental Economics. Bill Deng has served as a CIO of top automotive companies such as Chery and GAC-FCA. AlphaCar elite team members come from FCA, Intel, AIG, Deloitte, etc.
AlphaCar CTE will provide trustless (without third parties) one-stop services in the areas of Sharing CarDesign, R & D Sharing, Sharing Cars, UBI, Car Trading, Car Maintenance and Repair, and CarFinancing worldwide. We hope that the total CTE AlphaCar members will grow to 50 million in two years.
FOR MORE INFORMATION PLEASE VISIT LINKS BELOW:
Website: http://www.AlphaCar.io
Whitepaper: https://www.alphacar.io/r/project/file/AlphaCar_WhitePaper_EN.pdf
Telegram: https://t.me/AlphaAutoAssociation
Facebook: https://facebook.com/alphacar.io/
Twitter: https://twitter.com/AlphaCar_
Reddit: https://reddit.com/user/AlphaCar_
Medium: https://medium.com/@AlphaCar
AUTHOR:Sumurbor
BITCOINTALK: https://bitcointalk.org/index.php?action=profile;u=1924609
ETH:0x748bd5a5753587937fAC0e726B384bDbD2870644