Overview of the VinChain project – database that stores all information about the car on the blockchain.
In the used car market there is such a situation that the buyer knows about the vehicle much less than the seller. The buyer has to operate very superficial information about the car, he can not reliably determine the technical condition and he has no guarantees that it was not in the accident. These problems will solve VinChain.
The platform will be able to unite all car sellers and information about the technical condition of the cars they sell, and will store information about all owners of the car from the first, which will give the potential buyer of the vehicle complete information. VinChain is a decentralized network on the blockchain that will make it impossible to fake information about the car thereby protecting the buyer from various troubles. I use distributed registry technology to preserve the security of stored information. At the moment, there is no such base, and all the resources providing data about the car are very centralized and not perfect in the quality and quantity of information. Each car owner will contribute to the car-specific database. All can be tracked by VIN number of the car. The data of VinChain , in turn, will be subject to independent audit by consulting companies. Buyer will receive the information and data supplier reward.
The scheme of the platform:
As a means of payment in the system will be a token VinChain, it will be used to carry out all transactions that thanks to the token will be safe, fast and transparent. Will divide the profit between all providers of information on the history of the car, each of them will get paid in tokens VinChain.
Ability to store all information about the car
Reliability for the buyer and seller of the car
A system of incentives for information providers
Different access levels that can be configured for each
Market participants work with each other without intermediaries
Details of the ICO and selling tokens
Token sale : From February 1 to April 15
Token type : ERC20
The price per token: 1 VIN = 0.00005 ETH
Tokens for sale: 600,000,000 VIN
Website – https://vinchain.io
WhitePaper – https://vinchain.io/files/VinChainWhitePaper.pdf