BlocVehicle



BlocVehicle is an economy of sharing service where anyone can buy, sell or share used cars directly with others. This platform allows people to buy or sell used vehicles without the intervention of an agent.
Over the years, many industries are looking for ways they can use blockchain technology and the auto industry is looking to launch significant blockchain initiatives this year. One of the methods that blockchain wants to impact on the car industry is the ICC BlocVehicle.
The blockchain venture seeks to address many of the problems faced by the car industry ranging from insurance claims to historical data on various vehicles. The ICO's solutions together provide unique IDs for cars through timestamps that can not be changed to allow tracking of cars. This is how blockchain can be part of an authentication protocol for tracking or selling vehicles.
About BlocVehicle
BlocVehicle hopes to incorporate blockchain technology into the automotive industry and provide users with an economic ecosystem for automotive service. The BlocVehicle platform will allow users to store and store data on cars, motorcycles, sailboats and other vehicles on public blockchain logs.
The goal of the BlocVehicle venture is to create a true commercial service platform for used vehicles that will provide a transparent P2P system with next-generation automotive maintenance data. In addition, BlocVehicle hopes to showcase a shared economy in the automotive industry.
BlocVehicle platform structure
The BlocVehicle platform will incorporate a network of the following layers:
Application layer
The application layer will provide a user interface and API for users to create and read vehicle information. Participants will also be able to use all functionality through the Android App / iOS with third party organizations as the company receives the ability to generate quantitative data through their API version.
Service layer
The service layer works to connect both the core and application layers to provide users with functions for input and output data. The service layer also includes information about smart contracts, user accounts, and vehicle tokens.
Core layer
The Core class diversifies automotive databases to enable data protection in the BlocVehicle network. With blockchain can only handle a limited amount of data, it needs more secure memory and this is where the core layer goes in for management.
Blockchain car sharing for reward prizes
The BlocVehicle network will provide the following feature solutions to allow access to components. These solutions are:
Account
Data creation will work through three different accounts, including owner accounts, third-party accounts (third parties), and third accounts (companies). Service providers may also use the account to use their data.
Vehicle ownership information
Users will get full ownership of their car data that they create through blockchain. On the other hand, service providers or manufacturers of products wishing to use this data will have to register for prior approval by the data owner.
VCL Tokens
The BlocVehicle will issue its electronic money as a Vehicle Identification Number (VCL). The digital currency will help shape and sustain the economic ecosystem of data on the blockchain network.
How BlocVehicle can help
BlocVehicle plans to create a new ecosystem for the automotive service industry, and this can help solve asymmetric information problems. Therefore, this could have the following impacts:
The ability to create, store and retain vehicle data in a blockchain-based ledger
Reward users for vehicle data via the VCL token
Reduce the high service charge paid by the seller to the car dealer
Improve the quality of used vehicle inspection of buyers through vehicle data systems
Saving the buyer's time and the expense of buying a poor quality car
Turn on service requires a full insurance with car data authentication
Car owners will be able to share their cars with the convenience of the Xe Link service
Buyers and sellers are guaranteed transparency and fair dealing in car deals.
BlocVehicle VCL Token ICO Details
ICO parameters
Last Day of ICO: 15/8/18 - 9/14/18
Price-ETH-5,000 VCL (Bonus-3,500 VCL)
Acceptance- ETH
Hard cover 11,765 ETH
Soft cap- 2.000 ETH
ICO Date: 9/20/18 - 10/3118
STEP1: 1 ETH - 5,000 VCL + 2,500 VCL reward
STEP2: 1 ETH - 5,000 VCL + Bonus 1,250 VCL
Step3: 1 ETH - 5.000 VCL
Acceptance- ETH
Hard cover 49,333 ETH
Token Ticker- VCL (Vehicle Token)
Foundation- Ethereum
Acceptance- ETH
Offer amount of 1,000,000,000 VCL
Distribute the token
ICO Member - 40% 
VCL Pool- 30% 
Initial Consultants and Investors, Airdrops and Partners - 15% 
Founder Team - 15% 
Conclusion BlocVehicle
While not denying the capabilities of blockchain technology, its application in the automotive industry still faces significant challenges in terms of application, scalability, legal regimes and standards. Low. That also applies to the BlocVehicle concept that in the future may face potential barriers to the industry embracing its technology. However, with the fast growing car industry there is every reason to be confident with a joint supply solution that is right out of the box.
For More Information : 


Author Bitcointalk Profile : thiokoentjoan123
ETH Address : 0x4de92619543E45DC8EAEC4f63aefe5060722361e

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