Have you known a blockchain platform for used vehicle details? This is about it. When selling car seller usually knows more than the buyer of the car. For the question of words, in the open, and buyers of his deception. To protect against the risk of buying a “bad” car, the buyer reduces the price for the vehicle you are willing to pay. This can make the used car market disappear.
Step by Step Guide of the Process
· The Buyer can not fully distinguish good from bad, because it would be less. This reduces the likelihood average price.
· Because the average lowest price most of those cars were sold for poor quality and nothing are the species inferior and who to sell cars from the forum.
· For this reason, on average the market is still deteriorates and the effect of the quality products. But the buyers that do not, indeed, to pay the less than it did before. For this reason, the average price for the car and injured.
· Car dealers and half what it was forced to leave the market.
· The cars will be quality deteriorates and the amount of average buyers are willing to pay proportionately smaller. This will continue to cycle stop buyers are buying cars because they will assume that the bad state.
· Thus, the complete the disappearance of the market for this purpose they should not be. For such the nature of the market and asymmetric information.
How Dose VinChain(VIN) Works?
The condition of the car is safer than in the nature of a great and VinChain analysis gives them confidence in the diagnosis. The vehicle, which stores data on the distribution system blockchain Vinchain record. The vehicle information is stored in a database system for all participants (manufacturers, insurance companies, service station, and they have the truth and the lies companies, brokers, etc) Used. Vinchain also has the ability to generate reports can be requested by the buyers, sellers and other market participants. The application to attract international policy expected to know the arts system, which will provide a detailed report on the reliability of the information provided by VINCHAIN. The elimination of asymmetric information buyers and sellers to benefit the used car market. Knowing all available information about the particular process, and will create confidence in a vehicle buyers are willing to pay more. For the buyer, to increase the vehicle’s history can reveal the full value of the vehicle at the time of sale. The concept can be illustrated by the following example, which bought cars must choose between two identical, along with a complete history of activities and one without. Here, the buyer can choose a full report of vehicle damage or earlier repairs. The reason is that provided by Vinchain give a true picture of the history of the automobile. With great potential and a car segment Vinchain ecosystem can create and then use the VIN to pay Token buy cars with customers. Some knowledge of history harmony to Vinchain vehicle without a centralized database disadvantages. When requested by the market participant in the data required for the VIN number of the block to look for the chain to choose. Each record does not have information about the data provider, day, VIN, and the use of the chariot. An end user customer related information to all currently only pay 8 VinCoin to change it in a wire. For those who wants to retrieve information about the user of the system VinChain, transaction costs will always VinCoin. More relying on historical data volume must be linked to the automobile market the volatility and speculative destitute. During the time the information is verified, that more providers, VinChain need to provide information about the stories from the bing. Blockchain in the petition, the price of North Korea football, merchants are among the many things that it contains the data from the reputation of the car, and by means of the sale of the service of the data, which are used in the report and with signs, receiveth, a reward. Vinchain entrusted to him, blockchain on the claim for each one, then the quotient. Vinchain (VIN) is an international automotive market decentralized data provides complete transparency on the history of the vehicle. VinChain solve the problem in the asymmetric information in the market for a used vehicles in the organs of the lifecycle of create a decentralized, and unchanging, transparent, safe and reliable, with a data base blockchain all the acts, to the vehicle information of the vehicle. Each vehicle data accumulated use all the time. This fable is made transparent and accessible to all. The accuracy keeps the vehicle using distributed data storage space is certain. This guarantees absolute reliability and data security. Every day, one hundred thousand used the world, and the buyer wants to keep technical.
VinChain(VIN)-03 Main Goals
· Create a block, and access to steps to protect the information. The data must match the level of security with the needs of government agencies.
· The contest participants from the automotive industry, including manufacturers, insurance companies, dealers, service station, and a unique ecosystem navigation systems developers to exchange information.
· Create the infrastructure and provide direct access to the database for each market participant.
The Token Distribution
The distribution of Genesis block in VinChain Network is include 1,000,000,000 utility tokens.
· 600,000,000-Distributed among ICO members;
· 250,000,000-reserved among founders, consultants and other members of the team with a sale restriction of 2 years;
· 137,500,000-reserved with a sale restriction of 2 years;
· 12,500,000-reserved for early investors with a sale restriction of 3 months after ICO ending
The Conclusion
The combination of new technology application to change BlockChain VinChain grade automotive market. And in the automobile market potential in the future, and they have a broad ecosystem Vinchain and could grow much more extensively in the international market. Now you can buy a low price may be an old car because you know the whole process and the operation’s car for the repair of a car. Thus, you can easily have a car at the best price VinChain the application, without any need for mechanical or seller.
To Know more Visite
Official Web:https://vinchain.io/en
Telegram:https://t.me/ vinchainio
ANN Bitcointalk: https://bitcointalk.org/index.php?topic=2349186.0.all
Facebook: https://www.facebook.com/vinchainio/
Twitter: https://twitter.com/VINChain_io
AUTHOR
Bitcointalk Username:rathnayake
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