VinChain provides an opportunity for investors who want to join and become bagin as a project. VinChain this way by making a VIN Token purchase. VIN Tokens can be used for services provided by the VinChain platform, and those using VIN Token will get a special discount.
Sales Token
Role Token: Enable data trading between data owner and buyer
Symbol: VIN
Supply: 1,000,000,000 VIN
Sale: 600,000,000 VIN
Emission Level: No new token will be created
Price: 1 VIN = 5 cents
Currency received: ETH, BTC, XRP, LTC, WAVES, USD, EURO
Sales Period: March 22, 2018 14:00 UTC to 15 April 2018 14:00
Token distribution date: April 17 - April 29, 2018
Minimum goal: $ 5,000,000
Maximum goal: $ 34.5 million
When a buyer and seller transact, then a buyer will get goods according to his expectations. From there, a buyer's trust will result in the VinChain platform becoming more popular and will certainly have an effect on all members of the ecosystem.
VinChain is a blockchain database that records all information related to the vehicle. For each vehicle, information accumulates during the entire period of use. This history is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used.
It ensures absolute reliability and data security. Every day hundreds of thousands of used cars are sold in the world, and every buyer wants to get reliable information about the technical condition of the car. This is an important security, financial, and security issue.
Unfortunately there is no single car database. There is a commercial base, but it does not solve this problem. Their information is stored centrally and there is an incorrect risk. The commercial base is closed and does not exchange information among themselves. As a result, car buyers risk resigning and losing money.
The purpose of VinChain:
Unite the participants in the automotive industry, such as
manufacturers, insurance companies, dealers, workshops,
developers of navigation systems, into a single ecosystem for
the need for data exchange.
Create infrastructure and provide direct access to the database for every market participant.
Create blocks with different levels of access and information protection.
The level of data security should be in accordance with the needs of government agencies.
How VinChain Works ?
When requested, the information corresponding to the requested VIN number will be searched and selected on the block. Each record will have information about the data provider, date, VIN and car usage.
For each car we will issue a blockchain passport, which will be stored in a distributed list. The VinChain project will unite all data providers and create a continuing car history, with no lack of a centralized database. Market participants such as car manufacturers, car dealers, insurance companies, banks and leasing companies all require a history of exploitation and they need transparency, affordability, reliability and authenticity.
Benefits of VINchain for dealers - Car dealers really make a profit of 3.8% on every new car being sold and much lower on used cars. Perhaps not surprisingly, the research shows that the lack of transparency in the car purchase process is the reason for this belief system.
This system allows space to manipulate data such as changing the date provided for your own benefit. Also, sometimes a dealer may demand a lower price because he does not know about the true price of a car as it is sold on the market. Among other things, these are some of the challenges that dealers will not face when launching a decentralized vehicle database.
Vinchain will provide access to authentic information about all cars so all providers have transparency on vehicle records. With the help of Vinchain, the dealer will be able to accurately determine the value of the car market. He will be able to provide complete information about the car when selling it, so that customers will have no trust. Vinchain creates transparency in the car purchase process.
Benefits of using VinChain blockchain technology :
Blockchain can store information about vehicle maintenance
Opportunity to adjust access levels for different users
Absolute reliability
A transparent reward system for data suppliers
Opportunity to work directly with every market participant
Resistance to network attacks
More information please visit their official website below:
Website : https://vinchain.io
Whitepaper : https://vinchain.io/files/VinChainWhitePaper.pdf
Facebook : https://www.facebook.com/vinchainio
Twitter : https://twitter.com/VINChain_io
Telegram : https://t.me/vinchainio
GitHub : https://github.com/VINChain
Medium : https://medium.com/@VINChain
Bitcointalk Thread : https://bitcointalk.org/index.php?topic=2349186.0
Created by Dita_fitriyani
https://bitcointalk.org/index.php?action=profile;u=1063970