VinChain ICO

Decentralized vehicle history

VinChain offers a solution to reliability of the technical vehicle condition information of the purchased vehicle by leveraging the power of blockchain technology. 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.

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VinChain ICO rating
VinChain coin (token) sale
Status
Upcoming
ICO start date:
2018-03-22
ICO end date:
2018-04-15
Token
VIN
Price
Platform
Ethereum
Accepting
ETH
Soft cap
5000000 USD
Hard cap
34500000 USD
ICO country
Not selected

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About VinChain ICO

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.

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.

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 registry.

The VinChain project will unite all data providers and create a continuous history of the car, devoid of the disadvantages of centralized databases.

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 are choosing a car right now are able to order our report immediately.

The mechanics of the VinChain system are as follows: when we receive a request to the blockchain, we search for the data along the entire chain, and we create and provide the information in a structured form. The fee for the information is received by the members of the registry whose information was used.

Both the sellers and the buyers of used vehicles will benefit from the removal of information asymmetry from the used car market. When the buyer knows all of the available information on a given vehicle, that will create trust in the process and will be willing to pay more. For the seller, disclosing the full vehicle history actually increases the value of the car at the time of the sale.

If a buyer knows the full operational history of the vehicle, then he/she has a guarantee that the vehicle retains a certain level of value. The same cannot be said about a vehicle with no report. This can be explained with the following example: If a buyer has to choose between two exactly identical vehicles but one has a full operational history report, while the other doesn’t; the buyer will choose the vehicle with the full operational report - even if th

VinChain Team

Alex Miles

CEO

Stacy Denver

Head of sale, Bitcoin advocate

Aleksey Listopad

CMO

Sergey Pakhomov

Full Stack Developer

Sergey Shostyr

UI/UX Specialist, Front end designer

Andrei Krainik

Strategic Partnerships

Jurgis S Plikaitis

Strategic Partnerships

Anastasiya Kazakova

Customer support

Gordon Hansen

Community Manager

Ethan Clark

SEO Expert


VinChain Advisors

Oleg Khovayko

Stanislav Polozov

Richard Patterson

Ryan Scott

Roger Crook

Hillik Nissani

VinChain Roadmap

February 2017

Concept development

October 2017

Validation of concepts

November 23, 2017

Token Pre-sale

December 1, 2017

VINChain Token pre-Sale

December 24, 2017

End of VinChain Token pre-Sale

March 2018

MVP Testing

March 22, 2018

ICO VINChain

April 16, 2018

The beginning of token distribution

April 20, 2018

Product finalization and add-on for faster operation

4th quarter of 2018

Final product for users

Financial

VinChain token info

Token VIN
Platform Ethereum

Coin price Undefined

Investment info

Accepting ETH
Equity on offer Undefined

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