we might face a nebulous condition when doing the transaction on any form of trading related things that want to buy. especially any information pertaining to the specific item, this condition had been a common issue in any way of trading. it truly caused by asymmetrical information is meaning that one side has more information than the other side.
in fact, in the trading world, the seller always has more information details about what she/he sells. In several situations, it does not cause a bad impact on a buyer if they have not details information that they want to be bought as same as the sellers. example if you intend to buy some fishes in the market, you can distinguish the bad fish or good fish by looking its appearance, the color of the flesh, smells or anything looking fresh and good without you bring some sample to the lab and test the fish. you don't mind also where come from the fish is. you can consider at the glance that variable without any specialization.
are the mentioned method can be applied to the situation that are many complex variables within? it is cannot totally be applied in the vehicle market which has many complexities within that you must know its details. it's not being a problem anymore if buying a new car. in fact, buying new cars is being alternative options to own cars for some people
it is being common things to covering all the process that occurred during the operation of the car. in the historical damage and or the worst is historical crashes of its car. the purpose cleary leverage of the car's price when it intends to sell as if that unit is in the good performance. even specialists can miss some of its details, for technical things they might analyzing the cars by their abilities, but there are things might be concealed such as
the document of a car is fake, the unit of car obtained from mortgage or duplication from the original document, there is a situation that the document of the unit is remade without any knowledge of the true owner. this situation is categorized as criminal.
the body number of units are manipulated. as we know every car unit are come out of line production are marked with a certain number in its body, is as identification numbers and for the unit to each other are clearly different. some case it was changed with the fake number that it seems same within the documents
odometer mileage, accident history, how many owners the car had, vehicle usage history, and other important information potentially manipulated.
the worst thing is possibility happening you might lose your money or might lose the car you have bought because of indicating criminal relate the units. it's better to sure and check the whole sets of fact before intend to buy the used cars unit.
CREATING SECURE ECOSYSTEM FOR EACH other? WHY NOT?
how if there is a lifecycle history storehouse that running real-time. all information pertaining the units are recorded in the database. it will implement in decentralization platform. the whole set information providing transparent, and reliable especially to give the buyers valid informations such as (dealers, manufactures, insurances, bank & leasing) that can be used as consideration to buying the used car. so you have no doubt about the quality and technical condition of vehicles
why have to implement decentralization platform to record that information into a database ? is there any widen differences with the current system? here there are good advantages e.g.,
decentralization allow the data recorded in the distributed registry. the make no one parties can make any interfere with the data that recorded.
Stability, centralization platform operate the function handling by one entity. there is no can guarantee it will remain intact if the server goes down or component units don't function well.
all operations or activities conducted by one user are visible to all participants. including the information or any alert about units are warned by one user can informing another user.
giving the opportunities to user interactions, this user to user interaction happening here .
VinChain ICO (Initial Coin Offering)
as we know that operate and execute utility in decentralization platform, the users are charged cost fees of the transaction. for the payment use VIN token (VIN). you can imagine it as "fuel" in the vehicle, that its purpose as source energy for running the activities.
VIN can be gained by joining theVinchain ICO at Vinchain Official website (https://vinchain.io/). The ICO held from 1st February 2018 until 15 April 2018. if you missed this opportunity, you can gain VIN on the cryptocurrency that will be listed it soon. don't worry. here the following ddetails of VIN price
Role of Token: Enable trade of data between data owners and buyers
Symbol: VIN
Supply: 1’000’000’000 VIN
For Sale: 600’000’000 VIN
Emission Rate: No new tokens will be created
Price: 1 ETH - 20’000 vin
Accepted Currencies: ETH, BTC, LTC
Sale Period: 1st February 2018 14:00 UTC to 15th April 2018 14:00 UTC
Token distribution date: 17th April to 29th April 2018
Minimum goal: 3 300 ETH
Maximum goal: 23 250 ETH
VINCHAIN was chosen as one of the best top 14 ICO in 2018
for your consideration and answering all doubts mint in the mind. Vinchain was rated with reliable rating agencies specializing analyze crypto according to the performance of the relevant ICO
the used cars market are growing year by year. it's clearly showing how big potential fraud will be obtained by buyers, the risk opens up for them if the old ways are still using without any guarantees to create the better ecosystem ahead. a car isn't always measured with style and usefulness, buying "bad" car not only lose your money but give possilities to lose your safety. love your life dude
FOR DETAIL INFORMATION
Website: https://vinchain.io/
Facebook: https://www.facebook.com/vinchainio/
Twiter: https://twitter.com/VINChain_io
Telegram: https://t.me/vinchainio
Medium : https://medium.com/@VINChain
BLOG : https://vinchain.blogspot.com/
ANN : https://bitcointalk.org/index.php?topic=2349186.0.all
Whitepaper: https://vinchain.io/files/white_paper.pdf
Author
BTT unsername : MuhamadDikri