Blokchan’s technology and Smart contracts: AutoBlock project

The company AutoBlock decided to create a service for analysis and assistance in the implementation of used cars. The ecosystem is built on the principles of decentralized servers and block technologies.

The new car assessment standards will help reduce the number of fraudulent transactions and sales of broken cars. The auto check points will work regardless of the customer and the buyer. Neither party will be able to influence the final verdict of technical verification.

Thus, companies for the sale of used cars will be able to significantly reduce the cost of pre-sale equipment.

AutoBlok is a multi-purpose toolkit supporting the vital activity of the transport market ecosystem, in conditions of progressing technological discoveries.

Its purpose is to introduce a crypto currency into the world of the automotive industry. Providing users the opportunity to interact with car dealers directly with the help of digital assets. And also to create its own architectural ecosystem, with many functions based on transparent block technology.

Blokchan’s technology and Smart contracts will make it possible to buy and sell and rent honest and open.
The task of The Auto Block is a revolution in estimating used cars and vehicle data. Assess the status and documents on the car will be entrusted only to certified persons plus will be access to the database of the traffic police. Leasing companies, sellers, buyers will have access to all the data on the car, and remotely.

3 difficults in auto industry:

The info available is nor current nor in real time and depends upon the critical information available on the vehicle naturally biased system which is concentrated on offering value to the investor and not on the vendor. Finally, the automobile information or statistics available is not consistent, is small, and is not obtainable for the global buyer who requires it does not have equal worth in all methodologies.
The recent valuation program is centralized and monopolized which means that special celebrations have influence over this and this creates the data susceptible to biases.
The qualification is non-standardized, and this makes the information difficult to rely on and sporadic and produces a concern with the routine.

Opportunities:

1 – Significantly reduce commission fees for transactions – you pay without additional bank charges.
2 – Protection against identity theft.
3 – Protection against fraud. Transactions can not be undone and faked.
The company will issue its own plastic card, which, in addition to local crypto currency, also stores dollars, it is possible to pay freely in stores.

Token sales:

The Auto Coin is the direct derivative of the Bitcoin or other cryptocurrencies. Though digital currency is taking over the world, it has not yet been welcomed by the automotive industry. Both buyers and sellers aren’t aware of the many benefits of the cryptocurrency, and most don’t use it because of the complicated process.

Fortunately, The Auto Coin makes things a lot simpler by providing a platform that’s safe, secure, and reliable so you can manage all your motor financial transactions from one place without worrying about identity theft or any other issues related to banking and international transfers.