Vehicle Lifecycle Blockchain is a car-repair business who recently was backed with $5 million Euros to implement their functional business-model onto the Etherium Blockchain. Their goal? To bring fairness and transparency to the automobile industry.
As most of you know, Crypto currencies are just one application of BlockChain Technology. Satoshi Nakamoto proved to us with his Bitcoin whitepaper that he was able to solve the double spending problem, making a system for confirming transactions.
A few years later, in 2014, Vitalk Buterin showed the world what the enormous implications of BlockChain Technology will be. It is, in layman terms, automation and verification of data. BlockChain is to the Internet what robotics and automation is to the industrial world. And it even goes beyond that. There are probably no boundaries to where BlockChain technology will be an effective way to do business, contracts and verifications.
Personally, I'm always on the lookout for awesome projects. Remember, we're in the early days of this technology, and while we don't have flying cars and living on Mars - things turned out a little different than we believed. The future is definitely here. The rate of ingenious projects are off the roof. There are so many creative and interesting projects out there, and we are all early adopters invited to join whichever we want. With ICO's (Initial Coin Offerings) we are able to invest in just about any project, wherever, at anytime, without going through banks or governments. You want in one something? You can usually pay in a Crypto Currency. Don't have the right Crypto? Use a decentralized exchange and trade it into the currency you want or need.
Vehicle Lifecycle Blockchain and VLB tokens
One project that I find interesting is Vehicle Lifecycle Blockchain (VLB). Based on the all ready functional russian business CarFix, VLB wants to streamline the relationship between auto sales, repair, insurance and spare parts distributors. If you own a car, you know like me that this industry needs some transparency.
We are thrilled to officially announce the ICO of VLB Tokens. VLB streamlines one of the most antiquated industries in the world when it comes to customer services and transparency. We aim to develop the first Vehicle Lifecycle Blockchain, deploy it, first within the expanded VLB ecosystem; and second beyond VLB in a decentralized manner with a distributed network of proof-of-stake nodes. We strongly believe that our Blockchain technology can tap into the $,18 trillion vehicle industry to provide consumers with a positive value accretive experience and create significant business and cost saving opportunities for industry players
says Co-Founder and President of VLK, Oskar Hartmann.
ICO Tokens start 27th November 2017 12:00pm UTC and ends 17th of December 2017 12:pm UTC. 200m Tokens available. 300,000ETH Hard Cap. VLB bonus for early investors.
This is exactly the kind of thing which makes me super-positive thinking about the future of the Blockchain. When businesses can both profit AND make things better, more efficient, more transparent and better for the consumers, we know that this is the right space to be in. Old and outdated industries will eventually have to go through the makeover that is Blockchain technology, and seeing all ready functioning businesses being early adopters and implementing Blockchain is amazing to see.
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This is not financial advice. I am not a professional, but merely a big fan of the technology. Please do your own due diligence. I am not affiliated or an employee of this or any other crypto currency - blockchain based companies.