REVIEW VinChain Decentralized vehicle history

What is VINchain?

• VINchain is creating a worldwide blockchain database of used vehicle information that is 100% transparent, reliable, and accessible by everyone. The VINchain project unites all data providers and gives the user a complete, uninterrupted vehicle record; all without the disadvantages of a centralized database. Consumers can also significantly increase the value of their vehicles at the time of the sale by contributing to the repository of data on the blockchain with help of vehicle tracking devices. VINchain is a decentralized network that allows you to store VIN data on the blockchain, which guarantees complete data invariability. You can pay for requests on the blockchain with VINchain tokens, afterwhich the tokens will be distributed between information providers depending on the value of the provided information to the community. We have longstanding functional and profitable businesses that currently generates profit. EpicVin became one of our partners

Major problems in car industry

All of the information about a vehicle can be faked - things like odometer mileage, accident history, how many owners the car had, vehicle usage history, and other important information

If you are buying a car, you can lose money because you don’t know if the car has any unknown problems

As the seller, you make less money because the buyer cannot know the true condition of the car with certainty

Existing databases are closed off and do not share information with others

Information is out-of-date, unreliable, and not updated frequently

The Idea and Solution

VinChain is creating a worldwide decentralized database of vehicle information that is 100% transparent, reliable, and accessible by everyone. This database is blockchain based, which will guarantee that the information in it has not been faked, changed, or deleted. The blockchain guarantees full transparency and builds trust in the system.

Information is captured from country registries, insurance and leasing companies, different partnered services, private registers, paid APIs, and certified members. Information is also captured directly from the vehicle, so the data is live and updated in real time.

Our platform is an open system and anyone can join and benefit from our network. VinChain will provide you with 100% reliable and accurate information about the car you’re going to buy, so you can be absolutely sure that it’s safe to drive!

VINchain is one of the best top 14 ICOs in 2018 according to the  

Meet the solution!

Stay In Touch With Your Car

The VinChain app will allow you to get the best offers for car maintenance, help you find your car on a huge parking lot, and you can even remotely control your vehicle! You will also receive discounts on services such as maintenance, refueling, and washing

Drive With Confidence

The VinChain app can collect statistics pertaining to your driving style and suggest ways to drive more economically to save gas and wear-and-tear of the vehicle. This information can also be shared with your insurance company to reduce your premium by up to 30%!

Telematics Hardware

Choose from a wide range of VinChain devices which can be installed in seconds and deliver real-time data to the Vinchain system. Keeping all of this collected information on the blockchain will confirm its reliability and will increase the value of the vehicle at the time of sale!

Diagnostic Data

With the aid of our device you will be aware of any vehicle health and performance errors, so every time you enter your car you can rest assured that your vehicle is safe to drive.

Behavioral Data

Vinchain will collect vehicle usage and behavioural data, helping you to understand your driving style and how you can save money by driving more economically. This data will be used to offer services and discounts on the things that are relevant and of interest to the driver

Open API

VinChain will develop and facilitate the integration of vehicle data into new and existing applications with the help of our open APIs and mobile SDKs

Why is this project important?

No one will be able to forge information
With accurate vehicle information the roads will be safer all over the world
It will create a trust-based community for dealers, united by the idea to make the market transparent to customers
We have longstanding functional and profitable businesses that currently generates profit, EpicVin became one of our partners and by the time we go live they will completely integrate with us. So in essence we are not just launching an MVP, but a functional, tested, and already proven to work business.
We are also partnered with many other companies in this space, and by the time our first solution comes to the market we will be able to offer a massive amount of value. Some of these companies include AutoInspect (a vehicle inspection company), VinInspect & VinGurus (vehicle history reports), and ABetterBid (Used and salvage vehicle broker). This is not counting the many companies that we will partner with, as we progress towards our ICO.
Through our partnerships we already do business with the largest clean and salvage title vehicle auction in the united states, Copart.com (NASDAQ - CPRT). EpicVin is their official Vehicle history report provider.
We have an agreement with AutoInspect that by the launch of VINchain they will contribute their repository of more than 300 million vehicles into our database. We have a massive amount of industry experience not only form our partnerships, but also from our team members and advisors. Just one of our team mates, Jurgis, has a total annual turnover of more than half a billion dollars form all of his auto companies. That speaks a great deal about the massive experience that we have on our side.
Compared to other ICO projects that are coming out on the market, no one comes close to the amount of experience that we have. Our teams tokens are vested for 2 years. We're very highly dedicated to our mission.
We will have our blockchain solution by March and we are planning on generating revenue by the end of the ICO. By the launch of our solution, our partners will accept our tokens as a form of payment. Each report through our partners will cost 25 tokens.
We are confident that our solution will triumph over others on the market.

Distribution

600,000,000 => are distributed among ICO members.
250,000,000 => are reserved among founders, consultants and other members of the team with a sale restriction of 2 years.
87,500,000 => are reserved with a sale restriction for 2 years.  Will be used as a reward mechanism between first participants of the system, application, and discount programs. Smart contract will ensure the ban on sale of a turnover.
50,000,000 => are reserved for the advisory board. If all tokens will not be distributed it will be burned.
12,500,000 => are reserved for early token purchasers with a sale restriction of 3 months after the ICO ends.

TEAM

Advisors

ROADMAP

Token info

Ticker:VIN

Platform:Graphene

Token Type:ERC20

Available for sale:600,000,000 VIN

Total supply:1,000,000,000 VIN

Price:

1 ETH = 20,000 VIN + stage bonus

Accepting:

ETH, BTC, LTC, DASH

Soft cap:

3,300 ETH

Hard cap:

23,250 ETH

WEBSITE
Whitepaper

My username bitcointalk: huyng3008
My url bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1543271
My address ETH: 0x09F71Fbb0aed9B84559eCFc60f50EaEc77c6CdC8