VINCHAIN – DECENTRALIZED VEHICLE HISTORY

Project VinChain solves the problem of asymmetrical information in the used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.

VinChain is a blockchain database that records all information pertaining to vehicles. For each vehicle, the information accumulates during the entire period of use. This history is transparent and accessible to everyone. To protect accuracy of the information, the technology of distributed storage is used. This guarantees absolute reliability and security of data. Every day hundreds of thousands of used cars are sold in the world, and each buyer wants to get reliable information about the technical condition of the car. This is an important security, financial, and safety issue.

Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.

Solution: VinChain
Project VinChain solves the problem of asymmetrical information in the used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.

To protect accuracy of the information, the technology of distributed storage is used. This guarantees absolute reliability and security of data. Every day hundreds of thousands of used cars are sold in the world, and each buyer wants to get reliable information about the technical condition of the car. This is an important security, financial, and safety issue. Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.
VinChain 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.
Why VINChain ?

ICO Information
The ICO begins on March 22, 2018, and proceeds until April 15, 2018. An aggregate of 600 000 tokens are accessible. The assets will be used with the end goal of VINChain item improvement and promoting costs. The group includes specialists from the different areas, for example, Automotive, deals and showcasing and innovation. We trust that they would convey their guarantees which looks energizing.

Token Sale

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 VIN = 5 cents
Accepted Currencies : ETH, BTC, XRP, LTC, WAVES, USD, EURO
Sale Period : 22th March 2018 14:00 UTC to 15th April 2018 14:00 UTC
Token distribution date : 17th April to 29th April 2018
Minimum goal : $5.000.000
Maximum goal : $34.500.000
Team

For your information:
Website: https://vinchain.io/en
WHITEPAPER: https://vinchain.io/files/white_paper.pdf
TWITTER: https://twitter.com/VINChain_io
FACEBOOK: https://www.facebook.com/vinchainio/
TELEGRAM: https://t.me/vinchainio
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1801630