Jumat, 26 Januari 2018

VINCHAIN - Blockchain Database About A Vehicle

At the moment the car automotive industry increasingly embrace the car, this increased so rapidly on the basis of market demand. with the VINCHAIN Platform designed to serve consumers reserved the car with the best possible and very transparent. VINCHAIN is also supported by several people comprising a team of very experienced. And have a very reliable PARTNER. Therefore we invite you to join the Platform VINCHAIN. Many of my best wishes for your success.

What is a VinChain?

VinChain blockchain is a database that records all information relating to the vehicle. For each vehicle, the information accumulated during the entire period of use. This history is transparent and accessible to everyone. To protect the accuracy of the information, distributed storage technology used. This guarantees absolute reliability and data security. Project VinChain solves the problem of asymmetric information in
second-hand vehicle market by making the repository a decentralized vehicle life cycle, unchanged, transparent, secure, and reliable.

The problem was captured and described by Nobel Prize winning economist George Akerlof in a scientific paper published "The Market for ' Lemons ': Quality Uncertainty and the Market Mechanism" in 1970. He described the market mechanism whereby one party (the seller) know significantly more about the product than the other party (the buyer). This is also known as "markets with asymmetric information".
Used car market is a case in point. When selling a car, sellers usually know more about vehicles than buyers. This is a problem for a buyer since it opened it up for possible cheating. To hedge against the risk of buying a car buyer's ' bad ' reduce the price he is willing to pay for the vehicle. This can cause the entire market of used vehicles.



The Purpose Of The Project

Change the global used car market by making it an honest, transparent,
in a way that reliably and with equal access to information for each participant.
The Mission of the
Create blocks with varying levels of access to and protection of information.
Data security level should correspond to the needs of government agencies.
Bringing together the participants in the automotive industry, such as
manufacturers, insurance companies, dealers, workshops,
navigation system developer, become the sole ecosystem to
purposes of data exchange.
Create the infrastructure and provide direct access to the database for each market.

Solutions offered VinChain

Project VinChain solves the problem of asymmetric information in markets the vehicle the former by making the repository a decentralized vehicle life cycle, unchanged, transparent, secure, and reliable.
VinChain blockchain is a database that records all information relating to the vehicle. For each vehicle, the information accumulated during the entire period of use. This history is transparent and accessible to everyone.
To protect the accuracy of the information, distributed storage technology used. This guarantees absolute reliability and data security.
Every day hundreds of thousands of used cars for sale in the world, and every buyer wants to get reliable information about the condition of the car technically. This is a matter of security, finance, and security matters.

Unfortunately there is not a single car database. There are commercial base, but did not solve this problem. Their information is stored centrally and there is the risk of wrong. Commercial base is closed and do not exchange information among themselves. As a result, a car buyers at risk of resign and lose money.

The benefits of using blockchain technology VinChain :

-Blockchain can store information about vehicle care
-Opportunity to adjust the access levels for different users
-Absolute Reliability
-Transparent Award System for data providers
-Opportunity to work directly with any market participants
-Resistance to attack the network

The road map

February 2017: concept development,
The founders of the study of the ability of blockchain technology to gather and store information; The first prototype was developed.
October 2017: approval of the concept of white papers and projects
The issue of the white paper, gathering feedback from the development community concept, concept and workflow based on data collected
November 23, 2017: token pre-sale to investors early stage
What is it?
December 1 to December 24, 2017: VinChain pre-Pre-ICO ICO
VinChain will be held from December 1 to December 24, 2017 until the required sum collected.
March 2018: testing the MVP
Testing of products launched
Since 22 March to 15 April 2018: ICO VinChain, the launch of the ICO. The main goal during this period is to sell tokens
qualitatively and without a hitch.
April 16, 2018: sale of tokens
So ICO ends, token procedures will be issued to investors
April 20, 2018: the development and optimization of products, released a new version
The fourth quarter-2018: finalization of project work VinChain.


ICO

Pre-sale token to early investors
Pre-sale: January 1 – 24 12 million tokens will be available for placement with a ban on sales over the past 3 months after ICO ends.
Emissions and token sales in ICO.
ICO will be held starting on 22 March to 15 April 2017.
The payment method is available for the VinChain token:
● Bitcoin (BTC)
● Ethereal (ETH)
● Riple (-XRP)
● Litecoin (LTC)
● Wave (WAVE)
● USD, EUR, GBP
Available for placement: the 600 million tokens.
Tokens will be distributed between the buyer within 72 hours after completion of the ICO.
Maximum investment amount: $34.5 million.

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