VinChain

VinChain

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.

In the future, the technology can be scaled to adjacent different 

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.

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.

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.

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

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.

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
• By:Wong linglong3
• profile: 0x29AF24D027E5A0A74427A2A4D5dDFe09803D5F93