The internet is a huge information base where we can do anything. The internet has connected the whole world. One of these projects is AutoBlock, whose main purpose is specifically developed for the automotive industry around the world through AutoBlock Tokens.
WHAT IS AN AUTOMATIC BLOCK?
AutoBlock is a product and blockchain service series specifically developed for the automotive industry around the world. The idea for such a solution was born in the first quarter of 2017 when the founding members realized that even though the motorbike market was significant, it did not have important things that made it safe, accessible, and reliable. In the third quarter of the same year, AutoBlock's full-blown construction began, and the company opened its first regional office in the final months of 2017.
PROBLEMS FACED
Security and payment enhancement
Vehicle
data vehicle assessment system
SOLUTIONS OFFERED BY AUTO BLOCK
Automatic Coins - Cryptocurrency
Cryptocurrency takes over the world. According to statistics, Bitcoin is mentioned on social media every three seconds, and the price rises by almost 2,000% from January 2017 to December 2017. With this increasing popularity, car dealers are expected to receive digital currency because it is not only convenient but also offers a lot of security as well. Because this type of money does not have centralized regulatory authority and is created and transferred without requiring a bank, this ensures security and reliability.
Unfortunately, because there is very little understanding of what cryptocurrency is, and how it benefits people, car dealers are not open to ideas, and this results in reduced sales opportunities. The AutoBlock solves this problem by providing a platform that is easy to understand and use so that dealers can find more prospects.
The main features of Automatic Coins are:
Intuitive POS payment processing device
The ability to save funds in Auto Coin or convert to fiat currency
The converted fund will be the same as the current Bitcoin rate of $ or £
Offer a number of prizes in the form of Auto Coin to those who adopted it in the initial stages
Overall, Auto Coin is a solution for car dealers that will make their income rise and attract new customers towards them. On the other hand, it offers customers the opportunity to stay safe when transferring their funds and giving them a safe environment.
Vehicle rating system
If you are even a little associated with the automotive industry, you know that vehicle valuation is a big problem worldwide. Because every dealer and buyer evaluates the car in their view, this system is biased and unreliable. In addition, the system is monopolized and centralized, and it is biased towards traders. Finally, because there is almost no transparency and clarity, both dealers and customers bear the consequences of data that cannot be accepted throughout the world.
Fortunately, people who decide to use The AutoBlock will also benefit from a scoring system that is:
Not biased and supported by Blockchain technology Does
not have a centralized data center
Acting as an instant solution for unlimited
access Providing shared access with one touch
Based on country of origin
Offering regional assessments and certain countries
Provide unlimited access to
vehicle data system information
Another problem that often arises when new customers are considering buying a car is vehicle data. Blockchain technology is integrated into Auto Block because it ensures accuracy and makes it easy for customers to access data.
Below are some of the benefits of this data system.
Direct comparison of specifications
Independent assessment by reg / vin and distance or make / model / mileage
Comparison based on NVD (New Vehicle Data from producers and agents)
Ability to compare up to 5 countries at any time, and in one report
Helps simplify import and export decisions
Provides a complete history report about the vehicle (fuel efficiency, accident history, damage, and CO2 emissions)
Offers a life expectancy of the car
So, this vehicle data system by The AutoBlock gives customers the opportunity to search for a car before buying it and get information about its history and price. This means that the buyer will not only get the best price quote, but will also have a lower chance of being cheated by the seller.
For retailers, this particular function is useful because it will give them insight into the market and retail guide prices. This will help them get the actual retail value of the car when they check the report and this, in turn, will make the margin clearer.
Road Map
Team
For more information, please visit:
Website: https://www.theautoblock.com
Medium: https: //medium.com/@autoblockx
Telegram: https: //t.me/autoblockofficial
Promoter: Saheedbisi
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2395294
eth: eth:0x8f84E66652818e149a318364c13408fCcc18faCb
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