VinChain - history of decentralized vehicles

his problems and criticisms of the Nobel Peace Prize winner George Akerlof in his published scientific article 'The Market of' Lemon ': uncertainty of quality and market mechanism' in 1970. He sprites the functioning of the markets where a part (seller) knows more about another's product (buyers). This is also known as a "market with asymmetric information". The used car market is an example. When selling a car, the seller generally knows more about the vehicle than the buyer. This is a problem for buyers due to this possibility of fraud.

The VinChain project solves the problem of asymmetric information in the used vehicle market by creating a decentralized, unchanged, transparent, safe and reliable vehicle recycling repository.

About Vinchain
VinChain is a blockchain data base that records all the information related to the vehicle. For each vehicle, the information accumulates during the entire period of use. This story is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used. Guarantees absolute reliability and data security. Every day hundreds of thousands of used cars are sold in the world, and each buyer wants to obtain reliable information about the technical conditions of the car.

The mission of the Vinchain team
Change the global used car market by making it honest, transparent,
in a reliable way and with equal access to information for each participant.

1. Create blocks with different levels of access and protection of information. The level of data security must be in accordance with the needs of government agencies.

2. Unite participants in the automotive industry, such as
manufacturers, insurance companies, distributors, workshops,
developers of navigation systems, in a unique ecosystem for
the need for data exchange.

3. Create the infrastructure and provide direct access to the database for each market participant.

How does it work
When requested, the information corresponding to
The requested VIN number will be searched and selected in the block.
Each record will have information about the data provider, the date, the VIN and the use of the car.

The solution offered by VinChain
For each car we will issue a blockchain passport, which will be stored in a distributed list. The VinChain project will unite all data providers and create a continuous history of the car, without missing a centralized data base. Market participants, such as car manufacturers, car dealers, insurance companies, banks and leasing companies, require a history of exploitation and need transparency, affordability, reliability and authenticity. Buyers who currently choose a car can also request our report immediately.

Commercial model

The evaluation of the provider's data is based on the classification scale. Each member perhatian pada blockchain is a payment card. Each report contains data about the car from multiple suppliers. Each seller that the data used in the report receives a payment token. VinChain meremehkan uni commission of each request.

Benefits of using VinChain's blockchain technology:

• Blockchain can store information about vehicle maintenance

• Opportunity to adjust access levels for different users

• Absolute reliability

• A transparent reward system for data providers

• Opportunity to work directly with each market participant

• Resistance to network attacks

ICO description

Why Blockchain?

Benefits of the use of blockchain technology for VinChain:

● Blockchain can store information about vehicle maintenance

● Opportunity to adjust access levels for different users

● Absolute reliability

● A transparent reward system for data providers

● Opportunities to work directly with each player in the market \

● Resistance to network attacks

Presale Tokens for the first investors

Pre-sale: December, 1-24 12,000,000 tokenibles tokenibles for placement with a sales prohibition of 3 months after the expiration of the ICO.

Emissions and sales tokens in ICO.

ICO will be held sebuah from March 22 to April 15 tahun 2017.

Payment methods available for VinChain tokens:

● Bitcoin (BTC)

● Ethereal (ETH)

● Riple (XRP)

● Litecoin (LTC)

● Gelombang (WAVE)

● USD, EUR, GBP

Available for placement: 600,000,000 token.

The token will be distributed to buyers within 72 hours

finished ICO.

Hard cover

Maximum investment amount: $ 34,500,000.

The distribution patterns of tokens anak the following:

The Genesis block distribution pattern on the VinChain Network contains 1,000,000,000 useful tokens.

• 600,000,000 => distributed among ICO members;
• 250,000,000.00> is reserved for founders, consultants and other team members with a sales limit of 2 ñ;
• 137,500,000 => backed with a sales restriction of 2 ñ;
• 12,500,000 => is reserved for the initial investor with a sales limit of 3 months after the end of ICO

ROADMAP

Vinchain Team

For more information please contact the link below:

WEBSITE: https://vinchain.io/en

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

Author: (aizkicaumania)

https://bitcointalk.org/index.php?action=profile;u=1123133

My ETH: 0xa2ed565D1177360C41181E9F4dB17d6c0100fD5c