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BlocVehicle

You Can Share your Car with Around the World.

BlocVehicle is expected to bring great change to the economic ecosystem of the automotive service industry. BlocVehicle enables users to store and share data for their vehicles in a blockchain-based public ledger and create a trading service platform for the used car market, offering an equitable P2P trade system. Moreover, BlocVehicle will embody the model of a sharing economy in the automotive industry, allowing anyone to lease a car to people and earn money. Furthermore, BlocVehicle will cooperate with automotive service providers. The data will be integrated and stored in a blockchain-distributed ledger. Users will have full ownership of their data. Additionally, off-blockchain storage will be set up for various purposes, presenting opportunities to users. BlocVehicle will form an economic ecosystem in the network, and contributors will receive VCL tokens commensurate with their contributions. The tokens are a medium of reward to pay for services provided within the BlocVehicle's ecosystem.

3.8
1 0 expert ratings
Benchy 3.8
KYC
Experts
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Review: coming soon PRO
Ended
Token
VCL
Type
Price in ICO
0.4492 USD
Country
preICO start
15th Aug 2018
preICO end
14th Sep 2018
ICO start
20th Sep 2018
ICO end
31st Oct 2018
Visit ICO website
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About BlocVehicle

Combining blockchain technology with the automotive industry, BlocVehicle is expected to bring great change to the economic ecosystem of the automotive service industry.

BlocVehicle enables users to store and retain data on their own cars, motorcycles, campers and sailboats in a blockchain-based public ledger, and like what Facebook does, information on their cars will be shared with other users. Thus, a car whose maintenance data is not made public will be considered being in poor quality, which is unworthy of purchase.

BlocVehicle will create the world's best trading service platform for the used car market, offering a transparent and equitable P2P trade system based on automotive maintenance data.

Moreover, BlocVehicle will embody the model of a sharing economy in the automotive industry. As part of its plan, an “Airbnb for cars“ service platform will be provided, allowing anyone to lease a car to residents of the same region or travelers and earn money through P2P trade.

BlocVehicle will cooperate and coexist with automotive service providers rather than compete with them. By connecting them to the BlocVehicle Network, technical support will be provided to ensure the innovation of their business models for compatibility with blockchain.

The mission of the BlocVehicle Team is to build a decentralized blockchain-based open network that allows all users to store their automotive history in a public ledger and freely access and distribute the data via the network.

The data, produced under qualitative and quantitative methods, will be integrated and stored in a blockchain-distributed ledger. The qualitative data refers to the photos and video clips of automotive lifestyles produced by Smartphone apps; while, the quantitative data are more specialized automotive lifestyle records produced by auto repair centers, insurance companies and third-party APIs.

Users will have full ownership of their automotive history data that they create. Those who wish to obtain these data must acquire prior approval and give reasonable reward to data owners. In addition, off-blockchain storage will be set up for data backup and other purposes that will present more opportunities to users.

By issuing its own cryptocurrency vehicle (VCL) tokens, BlocVehicle will form an economic ecosystem in the network, and those who contribute to this will receive VCL tokens commensurate with their contributions such as data production. The tokens are only a medium of reward to pay for all services provided within the BlocVehicle's ecosystem, and they will further be used as means of payments for car repairs, insurance and other automotive purposes outside of the ecosystem.

 

 

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ICO KYC Report
2 members invited
Changha Lee
Passed
Ki Jeong (KJ) Choi
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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