AUTOBLOCK: MAKING CRYPTO PAYMENT POSSIBLE FOR BUYING AND SELLING OF VEHICLES

CAR INDUSTRY:

The World Cup continues very unpredictably. Our, even with difficulty, but defeated Spain in a penalty shootout. But while football continues, we will touch on the topic of car sales.

The car market has become an integral part of our life. Any life of a motorist after taking the exam for the rights in the traffic police begins with the purchase of a car.

PROJECT:

The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller.

IDEA OF THE AUTO BLOCK:

1. The AutoBlock valuation system is powered by blockchain technology, and this means that no centralized data center will be responsible for adding or modifying the data.
2. Entirely independent and separate valuations for cars and LCV, so the information is transparent and appropriate according to the vehicle type.
3. Valuations are according to the registration or VIN number along with the mileage. You can also select make, model and derivative along with vehicle mileage to better decide the real value of the car.
4. This valuation system is also country or region based according to the local market, so you don’t have to be fooled into buying something more expensive than it’s worth in the industry.
5. Through the system, you can also know about the expected lifetime of the car and compare the specifications for up to 5 countries in one single report.
6. No restriction on the information that’s provided to the buyer can look at the business price as well as the retail price to decide whether or not he’s making the right decision.
7. The report presented by The AutoBlock will contain the historical data about the car’s CO2 emission, fuel cost, accidental history, along with any damage information. It will also include a price guide which you can follow when buying a vehicle.

Some of the core benefits of using The Autocoin currency for buyers include:

• Ability to purchase vehicles worldwide using The Autocoin
• Significantly lower transaction fees – fast and easy payment without add-on bank charges.
• Immediate settlement – no waiting period for transactions to mature (i.e., instant availability).
• Security against identity theft – no credit card or bank details being stored by third parties.
• Anonymity – highly desirable for high bet worth individuals.
• Release of crypto assets into the mainstream with minimal exposure and taxation issues.
• The highest level of fraud prevention – thanks to the platform’s utilisation of blockchain technology, Autocoin has reduced the risks of counterfeits and chargebacks to zero.
• Easy international payments unencumbered by protracted exchange rate considerations.
• Significant choice of vehicles offered for sale via the website autocoincars.com.

Once the site is built on a block of flats, then of course its own cryptonet is launched on it, which will solve the problem of high commissions with the usual sale of cars.

It will allow: 

1 - Significantly reduce commission fees for transactions - you pay without additional bank charges.
2 - Protection against identity theft.
3 - Protection against fraud. Transactions can not be undone and faked.
The company will issue its own plastic card, which, in addition to local crypto currency, also stores dollars, it is possible to pay freely in stores.

The AutoBlock Core 1.0 Release Includes:

• A completely new design and new API
• Portal for auto coin dealers to list their cars
• A New P2P transfer layer
• A New Database layer
• Code migration to es6
• Full Atomic Block Writes
• Security Fixes and Improvements
• Block processing Improvements
• Improved Code Standards
• Addition to 64byte data field to a type 0 transaction.

• Token: AUTO
• ICO price: 1 AUTO = 0.00025 ETH
• Platform: Ethereum
• Method of payment: ETH
• Min. investment: 0.20 ETH
• Soft Cap: 5000 ETH
• Hard Cap: 40,000 ETH

Roadmap:

Official links to follow:

Website: [https://www.theautoblock.com/]

Telegram: [https://t.me/autoblockofficial]

Whitepaper: [https://www.theautoblock.com/uploads/files/20180702092247.pdf]

Ann thread: [https://bitcointalk.org/index.php?topic=4570049]

Author: [https://bitcointalk.org/index.php?action=profile;u=1287882]