What is VinChain?
VINchain is a decentralized blockchain database that records all relevant information pertaining to vehicles. For each vehicle, a blockchain passport is issued which will be stored in a distributed registry. VINchain is also capable of producing reports that can be ordered immediately by buyers, sellers, and other market participants.
To change the global market of used cars by making it honest, transparent, reliable, with equal access to information for each participant.
- Create a block with different levels of access and information protection. Data security access level should meet the needs of government agencies.
- Unite participants in the automotive industry, such as manufacturers, insurance companies, dealers, service stations, and developers of navigation systems into a single ecosystem for data exchange purposes.
- Create an infrastructure and provide direct access to the database for each market participant.
Benefits of using VinChain
- 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.
How it Works?
Since only seller is aware of the true condition of a salvage car, it’s not easy for the buyer to predict whether the car will truly be in a “good" or "bad" condition.
VinChain is the world’s first decentralized international automotive data marketplace. The VinChain team is working to ensure the complete transparency of a vehicle’s history.
A mobile application and website will be created for dealers, insurance companies, and manufacturers during development of the project, in addition to a flexible API.
Role of Token: Enable trade of data between data owners and buyers
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, XRP, LTC, WAVES, USD, EURO
Minimum goal: 3 300 ETH
Maximum goal: 23 250 ETH
Price: 1 VIN = 5 cents
Start date: 1st February, 2018 14:00 UTC
End date: 15th April, 2018 14:00 UTC
Token distribution starts on 17th April, 2018 till 29th April 2018
Public contributors - 61.25%
Team and Advisor - 25%
Reserve Funds - 13.75%
Meet the Team
This group of experts are experienced in automotive industry.
My Profile link: https://bitcointalk.org/index.php?action=profile;u=1576406