Vinchain - database for cars on the blockroom
After the discovery of the Henry Ford system change in the automotive industry, the entire world is the modification of the locomotive has been going by so many technicians and mechanics more reminiscent of form, function and style from a bunch of different car brands to progress knowledge delivered by the 21st century. technological innovation. The number of cars and equipment in production and circulation increased exponentially and a large number of investors have indicated interest in the industry over time. Analysts have found that a large number of vehicles are not sold to consumers that really need it because of the lack of trust from the buyer. While the seller had knowledge of the vehicle, for example, buyers only buy with faith, thus paying less because the probability that such vehicles may not correspond to the prices given are offered . As a corollary, the market gradually depreciate in value as more issues related to religion appear every day because of the nature of the market that is not symmetrical. To overcome these challenges and more closely related to it, a decentralized vehicle ecosystem https://vinchain.io/has been created.
Vinchain is the warehouse decentralized vehicle life cycle, undeniable, invisibility, protected, and last a long time. Blockchain this is a database that records all information relating to the vehicle. For each vehicle, the information accumulated during the entire period of use. This history is transparent and accessible to everyone. By implication, the number of years a particular vehicle used by different users at different times and will be automatically recorded and published for everyone and anyone has access without restrictions and chauvinisme. To do this, each buyer has a background knowledge about what he wanted to buy; Considering the value and an equivalent adjustment, relative. The VinChain as a project that was carved out of the demands of the 21st century will unify all the data provider and creates a history of unrelenting car, without the disadvantages of a centralised data base. Market makers and influencers such as car manufacturers, car dealers, insurance companies, banks, leasing companies and all of them require the utilization history and they need it to look clear, affordable prices, stoic and genuine. In addition to the benefits provided on using this platform, buyers who choose car currently can order our reports instantly. To obtain comprehensive data about the functionality of the platform, download the ‘ White Paper ‘ on the leasing company and all require the utilization history and they need it to look clear, affordable, stoic and genuine. In addition to the benefits attached to the use of this platform, buyers who choose car currently can order our reports instantly. . To obtain comprehensive data about the functionality of the platform, download the ‘ White Paper ‘ on the leasing company and all require the utilization history and they need it to look clear, affordable, stoic and genuine. In addition to the benefits attached to the use of this platform, buyers who choose car currently can order our reports instantly. . To obtain comprehensive data about the functionality of the platform, download the ‘ White Paper ‘ on the https://vinchain.io/files/VinChainWhitePaper.pdf .
Solution: VinChain
The VinChain project solves the problem of asymmetric information in use vehicle market by creating decentralized, lasting, transparent, secure, and reliable vehicle recycling repositories.
To protect the accuracy of information, distributed storage technology is used. It ensures absolute reliability and data security. 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 security issue. Unfortunately there is no single car database. There is a commercial base, but they do not solve this problem. Their information is stored centrally and There is a risk it is wrong. The commercial base is closed and does not exchange information among themselves. As a result, car buyers risk their own safety and lose money.
VinChain solves this problem with the help of blockchain technology. For each Car, we will issue a blockchain passport, which will be stored in a distributed manner The VinChain Project registry will unify all data providers and create a continuous one car history, without lack of centralized database.
Market participants such as car manufacturers, car dealers, insurance companies, banks, and leasing companies all need a history of exploitation and they need it to be transparent, affordable, reliable, and authentic. Also Buyers who choose a car can now order our report immediately
How it works
When requested, the information corresponding to the requested VIN number will be searched and selected in blockchain. Each record will have information about the data provider, date, VIN and usage of the car.
Client's Basic and Economic Use
Vinchain intends to implement tokens to expedite the process of car work request information on the VinChain system. End users will pay VinCoin at exchange for all information relating to the current vin number stored in chains. The information query is designed to rely greatly a simple token economy for clients facing aspects of payments system. In order to have a successful token system today, it is necessary to capitalize on a simple economy. Broad system adoption is done
It's easiest when the end user understands the process enough to trust it. For users who want to retrieve information from VinChain's system transactional costs will always be VinCoin. It is also a long-term goal of the project to take advantage of economic controls because it has a usage coin on in order to finally reach a relatively stable token price relative to the traditional state-backed currencies. The market volatility should be associated with.
Get the VIN (Token) is the first step in order to authenticate the actual workings of certain vehicles that are intended to buy or sell through the platform. This platform will also develop B2B B2C mechanisms including channels to create and enhance the valuable communication between buyers and sellers and business related. The image below shows a prototype pattern chat platform.
To really decentralize the system and make the platform accessible to all andsundry, this platform organizing ICO public to allow the general public to take part of the revolutions of the motor vehicle who is quite used to this . To get the token or join crowdsale click on https://vinchain.io/
Economic Information Provider
When a user exchanges tokens for information about an all-active vehicle participants in the network currently provide information about the vehicle compensated with part of the token. Initially the allocation tokens will be especially related to the incident. An event is a specific thing that has happened
to a vehicle If a vehicle changes owners, it is an event. If the vehicle In an accident, it is an event. Each time a user is informed in the vehicle they are given the option to show that particular part of the.
useful or useless information For our users believe that binary decisions about values or utilities allow a smoother user experience and eventually will actually give us more data. Long-term algorithm will designed to find common ground between useful information for more accurately determines how to compensate the information provider. To Achieve this oracle modular element.
considerable data storage has been established and the algorithm is effective has been determined. Once an event is dynamically weighed using the algorithm it determines its usefulness The individual information provider will compensate as the total weight of the information they give the total weight of information provided for the vehicle is the same proportion they receive from the token given for each question in question. Until then the same proportion will be used with all existing occurrences of the same weight. Only the first provider will be compensated. In addition, small transaction fees will be extracted for each information
Token VIN will improve trade data between data owners and buyers. As many as 1,000, 000 (one billion) token VIN has been created in which 600,000 will be offered for sale. 1 VIN the equivalent of 5 Cents. Currencies accepted include ETH, BTC,-XRP,LTC, WAVES, USD and EURO. The first phase of Pre–ICO held on November 23, 2017for the early birds. Minimum cap goal set at $5, 000, 000 USD and maximum cap postulated became $34, 500, 000 USD. Pre-order the ICO will commence on December 1, 2017 and will end on December 24, 2017. Pre-ICO funds will be distributed as shown in the diagram below.
ICO or main sales event will begin on 22 March 2018 and ending on April 15, 2018.Channeling funds after ICO right exemplified in the illustration below.
Team:
Partners:
Road Map
More info:
WebSite: https://vinchain.io/ru
WP: https://vinchain.io/files/white_paper.pdf
Telegram: https://t.me/vinchainio
Twitter: https://twitter.com/VINChain_io
Facebook: https://www.facebook.com/vinchainio/
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