Solutions Set to Revolutionize the Automotive Sector: AutoBlock Project

m0therofdragons (32)in #ico • 6 years ago

AutoBlock is a product and set of blockchain services specifically developed for the automotive industry worldwide. The idea for such a solution was born in the first quarter of 2017 when founding members realized that although the motor market was significant, it lacked the essentials that made it safe, secure to access, and reliable.

THE AUTO Stop MISSION:

· Payment reliability and enhancement
· Automobile valuations systems
· Vehicle data

How Does AutoBlock Work?

At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange.

The Autoblock platform intends to change the automotive industry in general by changing totally the way both new and used cars are valuated as well as data acquisition on them.

The AutoBlock Core 1.0 Release Includes:

A completely new design and new API
Portal for auto coin dealers to list their cars
A New P2P transfer layer
A New Database layer
Code migration to es6
Full Atomic Block Writes
Security Fixes and Improvements
Block processing Improvements
Improved Code Standards
Addition to 64byte data field to a type 0 transaction

Below are some of the benefits users:

Identity theft is impossible due to the fact that its platform user details are stored on the Blockchain which makes it impossible for any data to be manipulated or altered by any third parties.
Both car buyers and sellers experience the ease of carrying out fast transactions using cryptocurrency.
Via this platform user are exposed to wider options of vehicles offered for sale.
Users have the opportunity of buying vehicles using cryptocurrency (AUTOCOIN).
Via this platform users can buy vehicles from any part of the world without going through currency conversion challenges.
Users have the option of converting there AUTOCOIN to other cryptocurrencies of choice.
Holders of the AUTOCOIN token for a given time are entitled to voting rights and dividends from the company.