BlocVehicle ─ The new generation of vehicle industry

Good evening, my dear followers! I think each of you, have passed through the process of buying a new car for your family. And I’m sure you met with so many problems when you were passing it. I’m speaking about inaccessible data of the car, non-negotiable insurance fee, many fraudulent proposes and so on. Unfortunately, these are the most common problems in the nowadays cars market. For solving them, it is needed to implement the blockchain technologies.

Today we’re speaking about a massive trading Peer-to-Peer platform that aims to advance the industrial car’s ecosystem and to allow users to keep and to make visible their car history data, called BlocVehicle. The data I’m speaking about is all that is linked to car lifestyle, both technical or any cosmetic care updates. The user will profit from the full control of his/her data and ones who want to see these, needs for approval from the user.

First of all, there are some advantages I want to point out this project. You can find them below:
Vehicle Data History ─ Users will get VCL tokens for uploading any action about their cars. It can be for example an oil change, a washing process, etc. In this way, all data will be stored in blockchain and it can’t be modified.
Open Platform ─ An open platform for any kind of users. It can be a normal people, a big enterprise or rent-a-car service.
P2P Car Sharing ─ Every user can register his car for rent it to others. They can earn from sharing it while users who rent cars need to drive in certain conditions at a certain rate.
P2P dealings of vehicles ─ Users can sell/buy second-hand cars on the platform.

The blockchain technologies will secure the transparency of transactions. The number of car-sales is increasing with each year. This is why this industry needs an update which will ensure the security and transparency of all inside-platform actions.
For any car-businesses such as rent-a-car or other services using this platform opens many directions in developments of their enterprises. In this way, normal users will be able to find in a short-time the desired services and businesses can profit from a big database of clients.

Rewards for using BlocVehicle platform:

In order to increase the participation in our platform, users will get VCL tokens for any update of data for their vehicle provided on the platform. There are 30% of all token supply that is reserved for this action. Such an amount is enough for the next 30 years. In this way, more and more people will use BlocVehicle platform, which is going to be the next level of the vehicle industry.

How to buy/sell cars?

One of the main features of this platform is to make a transparent process of buying or selling cars. Each user will be able to write a Smart Contract with all the information required for this process. It may include such criteria as mileage, price, year, etc. The owner will be notified from the buyer of the purchase request, which will require from the buyer a small fee for the use of information to the BlocVehicle blockchain. After finishing the transfer, the seller has to transfer the vehicle’s data to the buyer. The payment itself can be made through cash or VCL tokens.
Using this platform, sellers don’t need to pay big dealer’s fees, buyers will not meet fraudulent proposes and modified car’s data.

Car Sharing:

Unfortunately, the current market doesn’t allow individual users to share their car. There are a lot of paperwork for this process, even if you want to share your vehicle or to rent one. Of course, it brings much discomfort.
With BlocVehicle, each user will be able to write a Smart Contract with all the details regarding his/her car for sharing. This information will include vehicle model, dates, regions, insurance details and another info that is usually presented in sharing services. Any user can provide his/her car for share and the cost fees will be minimized.

Conclusion:

BlocVehicle is a blockchain solution for the used-car industry. It aims to solve all current problems from the nowadays market and to provide users with new technologies and features they can use for. Personally, like a driver, I like the idea and for me, it will be of good use. Thank you all for being here and see you soon in the next reviews!

References:

Website: https://ico.blocvehicle.com/
Litepaper: https://ico.blocvehicle.com/pdf/BlocVehicle_litepaper_EN.pdf
Twitter: https://twitter.com/BlocVehicle_com?lang=en
Facebook: https://web.facebook.com/BlocVehicleico/?modal=admin_todo_tour&_rdc=1&_rdr

Author: dn3
Profile link: https://bitcointalk.org/index.php?action=profile;u=2237720