VinChain

VinChain - Decentralized Vehicle Purchase Platform.

 VinChain is a blockchain database that records all information related to the vehicle. For each vehicle, information accumulates during the entire period of use. This history is transparent and easily accessible to everyone. To protect the accuracy of information, distributed storage technology is used. It ensures absolute reliability and data security.

Every day hundreds of thousands of used cars are sold in the world, and every buyer wants to get reliable information about the technical condition of the car. This is an important security, financial, and security issue.

Unfortunately there is no single car database. There is a commercial base, but it does not solve this problem. Their information is stored centrally and there is an incorrect risk. The commercial base is closed and does not exchange information among themselves. As a result, car buyers risk resigning and losing money.

HOW TO WORK VINCHAIN

Since only the seller is aware of the true condition of the rescue car, it is not easy for the buyer to predict whether the car is really in good or bad condition.

VinChain is the world's leading decentralized automotive data market. The VinChain team is working to ensure full transparency about the history of a vehicle.

A BRIEF OVERVIEW OF VINCHAIN

VinChain is a blockchain database that records all information pertaining to vehicles. For each vehicle, the information accumulates during the entireperiod of use. This history is transparent and accessible to everyone. To protect accuracy of the information, the technology of distributed storage is used. This guarantees absolute reliability and security of data.How about that for a start?

You will agree with me beyond reasonable doubt that everyday millions of people sell their cars and logic demands us to know that they are not selling all these to themselves. As these cars are sold in their millions, so are the buyers numbering in their millions to. But most of these people are only buying these cars in blind trust and hope that they will be in a good state worth the amount paid.

Those who are knowledgeable about the internet try to see if there is a platform which will feed them conveniently with information about these used cars to see their lifecycle. This includes the actual year the car was bought, how many times it has been repaired, how long it’s been used, whether the car has been legally banned, and many other related questions.

Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally andthere is a risk of it being incorrect. Commercial bases are closed and do notexchange information among themselves. As a result, the buyer of the car risks their own safety and losing money. See https://vinchain.io/ for more attractive facts.

THE VINCHAIN SOLUTION

VinChain solves these problems with the help of blockchain technology. For each car, there will be a blockchain–passport issued, which will be stored in a distributedregistry.The VinChain project will unite all data providers and create a continuous history of the car, devoid of the disadvantages of centralized databases.

Market participants such as car  manufacturers,  car  dealers,  insurance companies, banks, and leasing companies all need a history of exploitation and they need it to be transparent, affordable, reliable, and authentic. Also buyers who are choosing a car right now are able to order our report immediately.

The VinChain solution can be broken down thus as;

1.  Wereceive a request to the blockchain;

2.  We search for the data along the entire chain,

3.  We create and provide the information in a structured form.The fee for the information is received by the members of the registry whose information was used. VOILA! Everyone goes home happy.

LOOKING AT THE BRIGHT SIDE OF THINGS

Both the sellers and the buyers of used vehicles will benefit from the removal of information asymmetry from the used car market. Even the company and its investors will too. When the buyer knows all of the available information on a given vehicle, that will create trust in the process and will be willing to pay more. Thus, bringing more money to the company.

For the seller, disclosing the full vehicle history actually increases the value of the car at the time of the sale. The VinChain project will tell the truth. Every market participant has the right to know it. In the future, the technology can even be scaled to handle different segments of the global market. Just imagine yachts, construction machinery, real estate, etc. having to be sold and bought using this technology. It will feel like paradise right? Get to know more from www.vinchain.io or https://vinchain.io/files/VinChainWhitePaper.pdf

Road Map

Benefits of using VinChain 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 suppliers
• Opportunity to work directly with every market participant
• Resistance to network attacks

Ico

Pre-sale: December, 1st - 24 12,000,000 tokens will be available
for placement with a sales ban of 3 months after the ICO expires.
Emissions and sales tokens in ICO.
ICO will be held from March, 22 to 15 April 2017. Payment
methods available for VinChain tokens:
● Bitcoin (BTC)
● Ethereal (ETH)
● Riple (XRP)
● Litecoin (LTC)
● Gelombang (GELOMBANG)
● USD, EUR, GBP

Available for placement: 600.000.000 token.
Token will be distributed between buyers within 72 hours
ICO Completion

Maximum investment amount: $ 34,500,000.

Bonuses and discounts

Token distribution patterns are as follows:

the distribution of the Genesis block in the VinChain Network will include
1,000,000,000 utility tokens.
● 600,000,000 => distributed among ICO members;
● 250,000,000 => reserved among founders, consultants and others
team members with a 2 year sales limit;
● 137,500,000 => backed up with a 2 year sales restriction;
● 12.500.000 => is reserved for initial investors with sales restrictions
3 months after the ICO ended.

TOKEN SALES

We have set a reasonable minimum purchase of $ 1, but there is no upper limit. The accepted currencies are USD, BTC, ETH, XRP, LTC, WAVES, and EURO.
Pre Sales
December 1, 2017 14:00 UTC - December 24, 2017 14:00 UTC
Sales
22 March 2018 14:00 UTC - 15 April 2018 14:00 UTC
Token Role Enable data trading between data owner and buyer
VIN symbol
Provide 1'000'000'000 VIN
Sold 600'000'000 VIN
Emission Level No new token will be created
Price 1 VIN = 5 cents
Currency received ETH, BTC, XRP, LTC, WAVES, USD, EURO
Sales Period 22 th March 2018 14:00 UTC to 15 th April 2018 14:00 UTC
Distribution of Token 17 th April 29 th April 2018
The minimum goal is $ 5,000,000
The maximum goal is $ 34.5 million.

Team

For more information please visit some links 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 : Melati21

Profile link : https://bitcointalk.org/index.php?action=profile;u=1357963