Introduction
Buying a vehicle is one of the easiest things in today's world when there are billions of vehicle running every day. Everyone desires to own vehicle one day depending on his financial ability. Well, the real experience of owning a vehicle starts after you buy one. The spare parts, servicing required, auto components Quality, repairing charge for the vehicle are the key points which determine the life of the vehicle. Many companies do not focus on the after-sales experience, but it is one of the most critical pieces in creating a loyal customer.
The auto sector is one of the largest sectors in the world comprising millions of cars sold per year in many countries. They are traditional, established and profitable business segment. Most of the after sales business is run by private players who have contracts with the particular auto firm. There are some of the problems faced by vehicle owners such as the irregularities in services, the fluctuations in prices, high prices of a used cars. The life cycle of an auto has become dependent on these factors. There is difficulty in price check for spare parts, checking the mileage of a used car, originality of auto components etc. It creates the problem for people who are trying to buy a used car or putting a new part in the vehicle.
Despite being such a high-value sector, this area of the auto sector has been very weak and overlooked. There is a demand for creating an ecosystem which encompasses all the key players in the auto sector. The repair shop, vehicle owner, OEM (Original Equipment Manufacturers), Vehicle Company, Third party contractors for user cars, Insurance companies, and car dealers must be part of such an ecosystem. A platform based on the latest technology to create a transparent, easy and global market.
Solution Offered
CarFix offers a solution by creating a global Blockchain based vehicle lifecycle ecosystem. It has more than 200 independent repair shops, auto lenders, major insurance firms, spare parts distributor, and car dealers on its existing platform. Their aim is to integrate the Blockchain technology with the existing CarFix software platform. They want to fulfil two key tasks by using Blockchain technology.
Technology
The Vehicle lifecycle Blockchain ecosystem is based on the latest technology of Blockchain. There are many reasons for choosing the Blockchain technology to be integrated with CarFix platform. Blockchain provides the functionality of keeping the records immutable and accurate. It has the quality of integrity and real-time updating of records stored.
Another key advantage of Blockchain technology is conditionality of certain relationships. For example, a person will be granted loan from the specific insurance company preferable to the lender. Smart contract plays a key role in the authentication and identification of the different parties involved in the vehicle lifecycle Blockchain ecosystem.
ICO information
CarFix is planning their ICO campaign to raise 300,000 ETH in two stages. The first stage is pre-ICO offer on 27th November with a cap of 20 million VLB tokens, which is organized privately.
The VLB token is the ERC-20 standard. The main ICO is on 17th December with a cap of 200 million VLB tokens available for public sale. The fund generated will be used for the development, deployment, branding, promotion, and the sale of Vehicle lifecycle Blockchain ecosystem.
Team
The founder of CarFix is a veteran investor and founder of many companies in Europe. He is supported by the Veteran Industry experts, Blockchain specialist, Software engineers, and serial entrepreneurs. Their team has brilliant advisors on the panel. They are some of the biggest names in the auto industry. Their aim is to provide a structural and sustainable platform for everyone involved in the auto sector.
Why Should You Invest?
The vehicle is part and parcel of our daily life, and integrating latest technology to improve our lives is the motto of the CarFix platform. CarFix is currently operating with independent repair shops and major auto manufacturers. With the development of their VLB platform, they are creating a platform for every participant in the Auto Industry. We must be an active participant in improving our vehicle and its life.
Visit:
Website : https://vlb.io/
Authored by: Etheran
Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1108165
