AlphaCar is an agile Token Community whose sole purpose is to serve the expansive automotive industry. The community targets both the and consumers and the commercial stakeholders. AlphaCar is based on the BigData, Blockchain and artificial intelligence(AI) technologies. It hopes to utilize these technologies to improve the efficiency and service delivery in the automobile industry. These benefits can only be realized through a proper management and storage of data. Its security should not be compromised and it should also get deleted easily.
By using blockchain technology, AplhaCar will store all the records of the transactions that take place. The consumers will then join to form a Token Community in which members will be rewarded based on the contributions that they make to the community.
Uniqueness of AlphaCar has come up with innovative solutions that are tailored to address the current weaknesses of the existing blockchain technology. The shortcomings include long waiting time, wastage of resources during the proof of work and the limited network capacity which does not support DApps.
Unlike most blockchain technologies, AlphaCar implements DApps using asynchronous data processing system which is obtained from the existing Token Community.
Components of AlphaCar To give all the stakeholders a completely new experience, AlphaCar utilizes the following three components:
1. Blockchain Technology There is no doubt that blockchain technology has been a success in most industries This time around, AlphaCar is introducing it to the broad and complex automotive industry. The company hopes that this technology will not only bring a new experience in the automotive industry but will also solve common problems that were not addressed by older technologies.
By using blockchain, AlphaCar ensures that all the vital data and records are well secured. It seals all the loopholes that can lead to forgery or even disappearance of all the transactions.
2. Big Data with IOT This component gives the platform the ability to create a seamless data connection with very large equipment regardless of their complexity. Big data also supports the real-time processing of data This feature helps community members to get personalized rates for various car payments such as insurance, maintenance cost, driving data and car financing service.
3. Car Sharing in a Network AlphaCar aims to promote car sharing in a completely trusted network. Through this component, AlphaCar aims to revolutionize the public transport system by making it more convenient. Cars in the network can be driven to the required destination then back to the nearest parks where they will be available to be used by other people. This will help to reduce the congestion.
For the safety purpose, the cars on the platform will be loaded with IOU systems. These systems will provide real-time data about the car including what they should expect in the upcoming route, the condition of the car, traffic condition, and any potential risks. Car owners who contribute their vehicles to the platform will be earning some income.
Applications of AlphaCar Stating that AlphaCar will be used in the automotive industry sound to be too general. Here are some specific applications of this technology:
1. Car sharing
2. Sharing designs of new cars
3. Sharing information on car usage based on the insurance information
4. Provide a data center for car repair information
5. Provide information on car financing
6. Data center for car trading
The Team AlphaCar was founded and is run by an able team of experts who are well-acquainted with matters relating to blockchain technology. Here are the big names behind this platform:
-Bill Deng: He is the founder and CEO of AlphaCar He has a rich background in IT having served in senior positions in big companies. He is also a Nobel Prize Winner in the field of economics.
-Ray Zhang: He is the IOU technical lead. Ray is known for owning quite a number of patents in many revolutionary and Internet-based products. He has served in major technological companies.
-Leo Chen: He serves as Blockchain Lead. He is an experienced software developer.
-Michael Lu: He serves as an insurance technical lead. Michel has been in the insurance industry for over 15 years.
This technical team is backed up by another advisory team who are drawn from different industries. Conclusion AlphaCar ICO blochain technology project kicked off in the second quarter of 2017 and is expected to have at least 50 million members by the second quarter of 2022. This is a project that promises to revolutionize the automotive industry.
Website: https://www.alphacar.io
Whitepaper: https://www.alphacar.io/r/project/file/AlphaCar_WhitePaper_EN.pdf
Twitter: https://twitter.com/AlphaCar_
Telegram: https://t.me/AlphaAutoAssociation
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