BlocVehicle ICO (VCL Token) : Share the Blockchain car for rewards



At present the world is seeing the emergence of hyper connected communities where digital technology connects someone with others, people to things and online to offline. In this community, people can connect to each other online anytime and anywhere.

In light of this, blockchain technology will increasingly be applied to more fields such as finance, logistics, health care, and public services and tourism, creating a new P2P economic ecosystem.

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

BlocVehicle allows users to store and store data on their own cars, motorbikes, campers and sailboats in a blockchain-based general ledger, and like what Facebook does, information about their cars will be shared with other users. So, cars with unpublished maintenance data will be considered poor quality, which is not worth buying.

By applying blockchain technology to the automotive service industry, BlocVehicle will ensure that:

  • Everyone can save and share data on their personal automotive history with others through a blockchain-based public ledger

  • The problem of asymmetric information will be solved by creating a used car trading platform based on P2P networks

  • A service platform will be created to connect tourists to vehicles around the world

BlocVehicle provides technical assistance and steps that utilize blockchain technology with existing legacy systems that are connected to the BlocVehicle Network.

BlocVehicle Network was developed with a decentralized EVM (DAPP) based application program. EVM is widely used for developing smart contracts. Considering development time, costs and reliability, building BlocVehicle Network with EVM as a base more efficiently than creating new network and blockchain platforms. Therefore, BlocVehicle uses Ethereum (ETH) as the main platform.

The BlocVehicle network consists mainly of three components:

  • account

  • vehicle information

  • VCL Token

Storing all data via blockchain is almost impossible given realistic time, cost, and performance constraints. To minimize the volume of data stored directly on the blockchain, photos and video files from the history of the vehicle are stored in external storage in encrypted form and the hash values ​​of these files are recorded via blockchain. For external storage space, block chain storage is used based on the InterPlanetary File System (IPFS) network.

Structure of the BlocVehicle System

BlocVehicle Network consists of three layers and off-block chain storage. The application layer handles connections to all participants. The service layer handles connections to applications and core layers. The core layer handles connections to outside block chain storage.

1. Application Layer

The application layer provides UI and API for creating and reading information. Participants can use all functions through the official wallet (iOS / Android application), while third parties such as companies make quantitative data through third party APIs.

2. Service layer

The service layer connects applications and core layers and provides functions for managing user information. The service layer provides functions for data input and output through connections to the core layer.

3. Core Layer

The core layer uses a diversified database to securely protect data using data networks using the latest encryption technology. Because a limited amount of data can be stored via the blockchain, separate storage space is needed to efficiently store photos and video files from the history of the vehicle, which is handled by the core layer.

Token info 
VCL Token 
Platform Ethereum 
Type ERC20 
Price at ICO 1 VCL = 0.002 ETH

BONUS 
Pre-ICO 70% 
Step 1 50% 
Step 2 25% 
Tokens sold 400,000,000

Investment info

Receiving ETH 
Distributed in 40% ICO 
Soft cap 2,000 ETH 
Hard cap 49,333 ETH

Roadmap

Dec. 2017 
Start the project

Maybe. 2018 
Publish white paper

June 1, 2018 
Start pre-sale tokens to initial investors

15 August - 14 September 2018  
Pre-ICO

Jul 1 - September 30 2018 
Complete BlocVehicle logical system diagram Complete H / W and S / W logical diagram & development methodology

20 September - 31 October 2018 
ICO  
Q4. 2018 - Q1. 2019  
Forms of regional promotions & partnerships for the Asian market

Maybe. 2019  
Complete the first vehicle system Launch of the BlocVehicle service (vehicle application, data, dealer & sharing service)

Jun. 2019  
Forms of regional promotions & partnerships for US & European markets

Q1. 2020  
Complete the second vehicle system Launch the vehicle liaison service for used car providers

Q3. 2020 
Complete the 3rd vehicle system. Launch vehicle liaison services for car sharing service providers

Team

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Advisor

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