
Project VinChain solves the problem of asymmetrical information in the
used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.
used vehicle market by creating a decentralized, immutable, transparent, secure, and reliable vehicle lifecycle repository.
VinChain is a blockchain database that records all information pertaining to vehicles. For each vehicle, the information accumulates during the entire period 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.
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 safety issue.
Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.
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 safety issue.
Unfortunately there is no single database of cars. There are commercial bases, but they do not solve this problem. Their information is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not exchange information among themselves. As a result, the buyer of the car risks their own safety and losing money.
In the future, the technology can be scaled to adjacent different
segments of the market: yachts, construction machinery, real estate.
segments of the market: yachts, construction machinery, real estate.
Project Goals
Change the global market of used cars by making it honest, transparent,
reliable and with equal access to information for each participant.
reliable and with equal access to information for each participant.
Project Objectives
1. Create a block with different levels of access and information protection.
Data security level should correspond to the needs of government agencies.
Data security level should correspond to the needs of government agencies.
2. Unite the participants in the automotive industry, such as
manufacturers, insurance companies, dealers, service stations,
developers of navigation systems, into a single ecosystem for data
exchange purposes.
manufacturers, insurance companies, dealers, service stations,
developers of navigation systems, into a single ecosystem for data
exchange purposes.
3. Create an infrastructure and provide direct access to the database for each market participant.
How It Works
- When requested, the information corresponding to the requested VIN
number will be searched and selected in the blockchain.
Each record will have information about data provider, date, VIN and the use of the car.
Roadmap
- February 2017: Concept development ,
The founders are studying the blockchain technology’s ability to collect and store information; first prototypes are developed. - October 2017: White paper and project concept approval
White paper issue, collecting feedback from the community, concept and work flow chart development based on the collected data - November 23, 2017: tokens pre-sale to early-stage investors
- December 1 to December 24, 2017: VinChain pre-ICO. Pre-ICO
VinChain will be held from December 1 to December 24, 2017 until the required amount is collected. - March 2018: MVP testing
Product testing launched
Since March 22 to April 15, 2018: ICO VinChain, ICO launch. The key objective during this period is to sell tokens
qualitatively and without a hitch. - April 16, 2018: tokens sale
Once ICO ends, the procedure tokens will be issued to investors - April 20, 2018: product development and optimization, release of new versions
- 4th quarter 2018: work finalization on VinChain project.
ICO Description
Why Blockchain?
The advantages of using the blockchain technology for VinChain:
● Blockchain can store any information about the vehicle maintenance
● The opportunity to adjust the access levels for different users
● Absolute reliability
● Transparent system of awards for the data suppliers
● The opportunity to work directly with each market player\
● Resistance to network attacks
The advantages of using the blockchain technology for VinChain:
● Blockchain can store any information about the vehicle maintenance
● The opportunity to adjust the access levels for different users
● Absolute reliability
● Transparent system of awards for the data suppliers
● The opportunity to work directly with each market player\
● Resistance to network attacks
Pre-sale of tokens for early investors
Pre-sale: December, 1st – 24th 12,000,000 tokens will become available for placement with the sale prohibition during 3 months after the ICO is over.
Tokens emission and sale on ICO.
ICO will be held from March, 22d through April, 15th, 2017. Payment
methods available for the VinChain tokens:
● Bitcoin (BTC)
● Ethereum (ETH)
● Riple (XRP)
● Litecoin (LTC)
● Waves (WAVES)
● USD, EUR, GBP
Available for placement: 600,000,000 tokens.
The tokens will be distributed between the buyers within 72 hours of the
ICO finishing.
Hard cap
Maximum investment amount: $34,500,000.
Pre-sale: December, 1st – 24th 12,000,000 tokens will become available for placement with the sale prohibition during 3 months after the ICO is over.
Tokens emission and sale on ICO.
ICO will be held from March, 22d through April, 15th, 2017. Payment
methods available for the VinChain tokens:
● Bitcoin (BTC)
● Ethereum (ETH)
● Riple (XRP)
● Litecoin (LTC)
● Waves (WAVES)
● USD, EUR, GBP
Available for placement: 600,000,000 tokens.
The tokens will be distributed between the buyers within 72 hours of the
ICO finishing.
Hard cap
Maximum investment amount: $34,500,000.
For your information
- Facebook: https://facebook.com/vinchainio/
- Twitter: https://mobile.twitter.com/VinChain_io
- Telegram: https://t.me/vinchainio
- Website: https://vinchain.io/en
- MY BTT: https://bitcointalk.org/index.php?action=profile;u=1544726
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