AlphaCar - a new platform for car market
Hello everyone! Much time has already passed since automobile had become available transport device. Nowadays it is common for everybody way to get from one point to another, but of course, for some people it is still the matter of prestige. Anyway, it will be silly to deny that cars became the essential part of our life and automotive industry is one of the leading. In order to serve it, another blockchain project AlphaCar was created. Let’s talk about it and find out how it works.
AlphaCar is a new decentralized platform that will be extremely useful for the users. Using blockchain technology will guarantee that al the provided information will be 100% trustworthy that it more than important for automobile industry. The value of good information for market, especially for automobile market, was described as far back as 1970 by George Akerlof. So, in my opinion, the biggest value for the users of AlphaCar will be trustworthy info – no fraudulent schemes, unnecessary mediators or too high commissions. All the deals will be clear and fair. AlphaCar will provide their advantages both for sellers and buyers. Look, first ones will have all the necessary information about the vehicle they are going to buy – no hidden rocs will be found; seconds ones will have the change to enlarge the base of customers and gain more income selling the cars without any non-profitable cooperation with useless mediators.
In layman’s terms AlphaCar project is something like symbiosis of newest and modern blockchain technology and the largest industry segment that is constantly developing.Once one is the owner of CTE, his information is gathered in blockchain with the help of decentralized app. The public blockchain will contain the information about different transactions in automobile industry. All the transaction data will be analyzed by artificial intelligence with the help of method that will be chosen by CTE holders. All the clients and partners of the project will get access to the following services: cars exchange, cars usage, insurance and maintenance service etc. Car renting will be the first service available for the clients.
I think that the main outstanding feature of the project is that it has advantages from different perspectives – it can be used by anyone and each and every user will find his own profit; those who buy cars will have all the good and clear information about it and those who sell – will have the chance to make the business more profitable.
Generally it works like other similar projects – the necessary data is gathered with the help of applications. After it is analyzed, anonymized and saved for further usage. Blockchain technology and Big Data system will make all the information legitimate and allow working with big numbers and artificial intelligence.
AlphaCar token distribution
The company is going to use ACAR – AlphaCar token – for all the deals within the framework of the project. It is necessary to be mentioned that ACAR was created according to ERC20 standard. The total number of produced token is 10 billion and it will be never increased.
AlphaCar team is going to provide early purchasers with 40% of ACAR tokens; members of the community are going to have their 20%; 10% will be assigned for CTE development; the same amount, namely another 10%, is determined for team of advisor and team of the project will have 20%.
The team of AlphaCar project is definitely worth of good overview.
- Bill Deng – Founder & CEO, highly experienced profession who has more than 20 years of experience in automotive and IT industries both in United States and China. Among his numerous achievements, the most outstanding is Nobel Prize in economics as well as numerous degrees and winnings.
- Ray Zhang – COO & IOV Tech Lead, owner of numerous Internet patents, employment career in Marvell Electronics, Intel APAC Research Center and other companies of the same level. Among his responsibilities in AlphaCar project is the design of information system and security of digital content.
- Leo Chen– Blockchain Tech Lead who is the owner of blockchainpatent as well as 10-year experience in software development.
- Michael Lu –InsurTech Lead. He is the experienced professional in insurance industry who worked both in China and United States. Also a Fellow of Casualty Actuarial Society and of China Association of Actuaries.
The team of advisors also inspires confidence. It includes top experts in related fields whose names are well known in their community. These are some of them: Dr. Yingyong Qi, Professor Jiebo Luo, Professor Shengli Zhang and others.
What can I say in the conclusion? AlphaCar project is something that is interesting for examining. Generally this ideamakes an overall positive impression and it seems that its team will make it new profitable platform for those who need it.
Official links to the AlphaCar project:
Website: https://www.alphacar.io/
Whitepaper: https://www.alphacar.io/r/project/file/AlphaCar_WhitePaper_EN.pdf
Telegram: https://t.me/AlphaAutoAssociation
Bitcointalk: https://bitcointalk.org/index.php?topic=4390635.msg39103759#msg39103759
Author of the article:
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