VINCHAIN - Troubleshooting Asymmetric Information Related to Vehicle Data Security
Hallo All, this time I will describe about Project Vinchain and for more details let's just go to the following pambahasannya theme:
VinChain solves the asymmetric problem of information in both hands of the vehicle market by making the repository a decentralized vehicle lifecycle, unchanged, transparent, secure, and reliable.
When selling a car, the seller usually knows more about the vehicle than the buyer. This is a problem for buyers as it opens up for possible fraud. To hedge against the risk of buying a buyer 'bad' car reduces the price he is willing to pay for the vehicle. This can lead to a whole market of used vehicles.
VinChain blockchain is a database that records all information related to a vehicle. For each vehicle, accumulated information 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.
Here's how:
- Buyers can not distinguish a good car from a bad one, so they are willing to pay a bit more for their vehicle. This reduces the average price of the vehicle.
- The reason, the average price is lower, the most sold cars sold, so they sell good cars leave the market.
- As a result, the average quality of goods on the market is getting worse, and as a result buyers are willing to pay a little more than before. This is because the average price of the car decreases further.
- Quality car salesmen are now being forced to leave the market.
- The quality of the car will worsen again, and the average number of buyers willing to pay will drop proportionally. This cycle will continue until the buyer stops buying the car because they think the quality is bad.
- As a result, this will result in overall market losses. This is the nature of the market with asymmetric information.
The purpose of the project.
Create blocks with different levels of access and information protection.
How does it work?
Information that matches the requested number VIN will be searched and selected in the block. Each record will have information about the data provider, date, VIN and car usage.
Benefits of using blockchain technology for VinChain:
● Blockchain can store information about vehicle maintenance
● Opportunity to adjust the access level for different users
● Absolute reliability
● Transparent Award System for data suppliers
● Opportunities to work directly with every market player \
● Resistance to attack the network
Pre- sales token to the initial investor.
Pre-sales: Des, 1-24 12,000,000 tokens will be available for placement with a sales ban for the last 3 months after the ICO expires.
Emissions and token sales at ICO.
ICO will be held from 22 March to 15 April 2017.
Payment methods available for VinChain token:
- Bitcoin (BTC)
- Ethereal (ETH)
- Riple (-XRP)
- Litecoin (LTC)
- Wave (WAVE)
- USD, EUR, GBP
Available for placement: 600 million tokens.
Token will be distributed between buyers within 72 hours thereafter.
finished ICO.
Hard hats - Maximum investment amount: $ 34.5 million.
The VinChain team.
- Alex Miles - project manager. Founder of Mealful LLC. Elena Krasenkova - head of sales at A Better Auction Car Deals LLC, monthly sales increased from 150%.
- Alexey Listopad - Marketing Director. Purchased 9 projects, including A Better Bid Car Auction to the US market.
- Andrey Krainik - founder of Easyexport.us, one of the top 10 companies in Inc. 500 with an annual turnover of more than $ 45 million
- Jurgis Plikaitis - CEO & Founder. Automated online auction experts. Serial Entrepreneur. $ 500 million total turnover of established companies.
Join the Vinchain project immediately! and For more information please visit some links below:
- WEBSITE: https : // vinchain . io / en
- WHITEPAPER: https : // vinchain . io / files / white _ paper . pdf
- FACEBOOK: https : // www . facebook . com / vinchainio /
- TWITTER: https : // twitter . com / VINChain _ io
- TELEGRAM: https : // t . me / vinchainio
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