Every day thousands of used cars are sold around the world and every customer wants to have reliable information about the technical condition of the vehicle. This is an important security, financial and security issue. Unfortunately, there is not a single database that people can reach. There are many commercial databases, but this does not solve the problem completely. There is also the risk of being wrong because this data is stored centrally. The databases of commercial companies are closed and do not change the data between them. As a result, the buyer of the car carries its own safety and risk of losing money.
The platform will publish a blockchain passport in a centralized registry for each vehicle. The passport of the vehicle placed in the VinChain blockchain system and connected to the vin code can be used by any user and service provider with access to the system. In addition, the VinChain project plans to attract global consulting firms to the system audit and will provide detailed feedback and information on the vinchain service providing truly reliable data.
Change the world of second-hand cars to the right market, transparent, reliable and accessing equal information for each participant. Relieving to using a database that is quite reliable when retrieving used cars on this vault.
Problems
Solution Offerd
VINChain has decided to create a decentralized repository of used vehicles based on the blockchain technology. It will be fast, safe, secure and transparent. It creates the entire life cycle of a used vehicle, which is stored in the most secure technology. Assembling all the data about a vehicle will be one of the most important tasks of the platform. Car dealers, car manufacturers, insurance companies and banks are part of the VINChain ecosystem.
They can utilize the database of used vehicle to their benefit. The primary objective of the VINChain includes uniting all the key participants in the Auto Industry on to the platform, where they can share the data in the transparent way. A token is used by the VINChain to ease the process of information exchange on the vehicle.
VINChain provides multiple uses in B2B transactions, which will greatly benefit the Car manufacturers and car dealers. The business model is quite simple where VINChain earns commissions from each information request. It aims to create a sustainable model for the Auto industry.
VIN Token
VinChain provides an opportunity for investors who want to join and become a part of supporting this VinChain project by making VIN Token purchase. VIN Tokens can be used to enjoy the services provided by the VinChain platform, and those who pay using VIN Token will get a special discount.
Some information about VIN Token ICO is as follows
Token Symbol: VIN
Price: 1 ETH = 20,000 VIN
Total Supply: 1,000,000,000 VIN
Distribution for ICO: 60% = 600,000,000 VIN
ICO Start: February 1, 2018
ICO Ends: April 15, 2018
Token Type: ERC20
Receive: ETH, BTC, LTC, DASH
Softcap: 3300 ETH
Hardcap: 23,250 ETH
Country: United States (USA)
Distribution of funds collected before the ICO
Tokens distribution
The key concept of their platform is the independence of information, which is available for everyone. The reliability of the information adds the required element of trust, which is much needed in the used vehicle industry. They have years of experience in the field of the Auto sector which enhances the credibility of the platform. The Vehicle industry is poised to grow, as the technology and infrastructure improvements take place in the countries around the world.
We need reliable information repository where anyone can easily trace the history of the vehicle. The authenticity of the data will be one of the crucial factors for the VINChain, and they will have to make a heavy investment in this sector. In the world where you can find everything online, VINChain is the latest addition to it with a wealth of features and tools for everyone. In My View, they are one of the top companies to look out for because of the huge potential in their Idea. I am sure that as soon as people realize the value of reliable and authentic information, this platform is going to be the market leader in the used vehicle industry.
For more information, please visit:
Website: https://vinchain.io/en
Whitepaper: https://vinchain.io/files/VinChain_io_White%20Paper.pdf
Bitcointalk ANN: https://bitcointalk.org/index.php?topic=2349186.0.all
Facebook: https://facebook.com/vinchainio/
Twitter: https://mobile.twitter.com/VinChain_io
Telegram: https://t.me/vinchainio
My bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1636502