VinChain database blockchain related to vehicles.

Solution: VinChain

The VinChain project solves the problem of asymmetric information in use vehicle market by creating decentralized, lasting, transparent, secure, and reliable vehicle recycling repositories.

VinChain is a blockchain database that records all information related to vehicle. For each vehicle, information accumulates over the whole This historical usage period 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 each 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 they do not solve this problem. Their information is stored centrally and There is a risk it is wrong. The commercial base is closed and does not exchange information among themselves. As a result, car buyers risk their own safety and lose money.

VinChain solves this problem with the help of blockchain technology. For each Car, we will issue a blockchain passport, which will be stored in a distributed manner The VinChain Project registry will unify all data providers and create a continuous one car history, without lack of centralized database.

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 choose a car can now order our report immediately.

The VinChain system mechanism is as follows: when we receive a Request to blockchain, we search the data throughout the entire chain, and we create and provide information in a structured form. The fee for information is received by a member of the registry whose information
former. Both the seller and the buyer of the used vehicle will benefit from the removal from the information asymmetry of the used car market. When buyers know all the information available on a particular vehicle, that will create confidence in the process and will be willing to pay more. For the seller, convey the full History of the vehicle actually increases the value of the car at the time of sale.

The purpose of the project

Change the global market of used cars by making them honest, transparent, reliable and with equal access to information for each participant.

The purpose of the project

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

2. Unite participants in the automotive industry, such as manufacturers, insurance companies, dealers, workshops, developers of navigation systems, into a single ecosystem for data exchange purposes.


3. Create the infrastructure and give direct access to the database of every market participant.

How it works

When requested, the information corresponding to the requested VIN number will be searched and selected in blockchain. Each record will have information about the data provider, date, VIN and usage of the car.

Client's Basic and Economic Use

Vinchain intends to implement tokens to expedite the process of car work request information on the VinChain system. End users will pay VinCoin at exchange for all information relating to the current vin number stored in chains. The information query is designed to rely greatly a simple token economy for clients facing aspects of payments system. In order to have a successful token system today, it is necessary to capitalize on a simple economy. Broad system adoption is done
It's easiest when the end user understands the process enough to trust it. For users who want to retrieve information from VinChain's system transactional costs will always be VinCoin. It is also a long-term goal of the project to take advantage of economic controls because it has a usage coin on in order to finally reach a relatively stable token price relative to the traditional state-backed currencies. The market volatility should be associated with.

Unlike traditional car history options, long term will allow
certified mechanics and other actors in the control chain to deliver the car The information previously will be forgotten due to lack of insurance reporting. Over time more and more providers of VinChain verified information will allow more information about the history of the car.

Economic Information Provider


When a user exchanges tokens for information about an all-active vehicle participants in the network currently provide information about the vehicle compensated with part of the token. Initially the allocation tokens will be especially related to the incident. An event is a specific thing that has happened
to a vehicle If a vehicle changes owners, it is an event. If the vehicle In an accident, it is an event. Each time a user is informed in the vehicle they are given the option to show that particular part of the.

useful or useless information For our users believe that binary decisions about values or utilities allow a smoother user experience and eventually will actually give us more data. Long-term algorithm will designed to find common ground between useful information for more accurately determines how to compensate the information provider. To Achieve this oracle modular element.

considerable data storage has been established and the algorithm is effective has been determined. Once an event is dynamically weighed using the algorithm it determines its usefulness The individual information provider will compensate as the total weight of the information they give the total weight of information provided for the vehicle is the same proportion they receive from the token given for each question in question. Until then the same proportion will be used with all existing occurrences of the same weight. Only the first provider will be compensated. In addition, small transaction fees will be extracted for each information
question.

Market Overview

Sold in 2016 - 95 million cars, sales grow every year, manufacturers are increasing
production. The market for all cars in the world in 2016 reached 1.38 billion pieces. With

cost history report at $ 15, VinChain's total market volume is $ 20 billion. Analyze trends in the world's largest markets - USA and USA EU.

ICO description

Why Blockchain?

o Benefits of using blockchain technology for VinChain:
o Blockchain can store any information about vehicle maintenance
o Opportunity to adjust access levels for different users
o Absolute reliability
o A transparent reward system for data suppliers
o Opportunities to work directly with every market player \
o Resistance to network attacks

Emissions and sales tokens in ICO.

ICO will be held from March to 22 April to 15, 2018. Payment methods
available for VinChain token:
Bitcoin (BTC)
 Ethereal (ETH)
 Riple (XRP)
 Litecoin (LTC)
 Wave (WAVE)
 USD, EUR, GBP

   For more information visit the link below ...

WEBSITE: https://vinchain.io/de
WHITEPAPER: https://vinchain.io/files/white_paper.pdf
ANN THREAD: https://bitcointalk.org/index.php?topic=2349186.0.all

by Berita Anyar

my ETH address : 0x9B5fEe1D5Bcf9456099cD09d3C6f35474eFfEEc