Project VinChain solves the problem of asymmetrical information in the used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.
VinChain is a blockchain database that records all information pertaining to vehicles. For each vehicle, the information accumulates during the entire period of use. This history is transparent and accessible to everyone. To protect accuracy of the information, the technology of distributed storage is used. This guarantees absolute reliability and security of data. 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 safety issue.
Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.
Since only seller is aware of the true condition of a salvage car, it’s not easy for the buyer to predict whether the car will truly be in a “good" or "bad" condition.
VinChain is the world’s first decentralized international automotive data marketplace. The VinChain team is working to ensure the complete transparency of a vehicle’s history.
Project VinChain solves the problem of asymmetrical information in the used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.
VinChain is a blockchain database that records all information pertaining to vehicles. For each vehicle, the information accumulates during the entire period of use. This history is transparent and accessible to everyone.
To protect accuracy of the information, the technology of distributed storage is used. This guarantees absolute reliability and security of data. 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 safety issue. Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.
Change the global market of used cars by making it honest, transparent, reliable and with equal access to information for each participant.
BlockchainThe advantages of using the blockchain technology for VinChain:
Resistance to network attacksPre-sale of tokens for early investors Pre-sale: December, 1st – 24th 12,000,000 tokens will become available for placement with the sale prohibition during 3 months after the ICO is over. Tokens emission and sale on ICO. ICO will be held from March, 22d through April, 15th, 2017. Payment methods available for the VinChain tokens:
Available for placement: 600,000,000 tokens. The tokens will be distributed between the buyers within 72 hours of the ICO finishing. Hard cap Maximum investment amount: $34,500,000.
For your information
Whitepaper: https://vinchain.io/files/white_paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2349186.0.L
Facebook: https://facebook.com/vinchainio/
Twitter: https://mobile.twitter.com/VinChain_io
Telegram: https://t.me/vinchainio
Website: https://vinchain.io/en
My profile: https://bitcointalk.org/index.php?action=profile;u=1638981
ETH: 0xCd3B3Cd448471059387820D738322BD0730f7988
