VinChain(VIN)-Fascinate Way of Check Vehicle History


The most removed economist George Akerlof once released a document about the market structures. The document, which describes the mechanics of the markets and the consequences that one party (the seller) knows how much more the product of the other party (the buyers). This is known as the “markets with asymmetric information.” The used car market is a huge number of things. When selling car seller usually knows more than the buyer of the car. This is a problem for the buyer because it is possible fraud opens.
The Project
VinChain a vehicle history tracker according blockchain. There are two portability and the information technology world’s most popular trends in the Blockchain. How after victory was declared on passports and Blockchain Datawallet allowing users to benefit fromthe navigation information, the team behind VinChain passport will lead to cars blockchain (Vehicle Identification Number – VinChain) to help drive safety of the cars are meant to document the number of living.
How Dose VinChain(VIN) Works?
The Vinchain car history solution collects data from under the hood and passed to the application and able to produce and store Blockchain. To save Vinchain software solution to require other books, one stop solution of databases from various vehicle and the vehicle itself, and the interface to communicate with the vehicle. The application will have the internal currency called tokens integrated bought VIN. The data Vinchain auto protects Blockchain solution for receiving add additional levels of trust between buyers and sellers. While many can be prevented by changing the odometer reading and the cryptography Blockchain as shown in the Augue immunity. The vehicle, which stores data on the distribution system blockchain Vinchain record. The vehicle information is stored in a database system for all participants (manufacturers, insurance companies, service station, and they have the truth and the lies companies, brokers, etc) Used. Vinchain also has the ability to generate reports can be requested by the buyers, sellers and other market participants. The application to attract international policy expected to know the arts system, which will provide a detailed report on the reliability of the information provided by VINCHAIN. The elimination of asymmetric information buyers and sellers to benefit the used car market. Knowing all available information about the particular process, and will create confidence in a vehicle buyers are willing to pay more. For the buyer, to increase the vehicle’s history can reveal the full value of the vehicle at the time of sale. The concept can be illustrated by the following example, which bought cars must choose between two identical, along with a complete history of activities and one without. Here, the buyer can choose a full report of vehicle damage or earlier repairs. The reason is that provided by Vinchain give a true picture of the history of the automobile. With great potential and a car segment Vinchain ecosystem can create and then use the VIN to pay Token buy cars with customers. Some knowledge of history harmony to Vinchain vehicle without a centralized database disadvantages. When requested by the market participant in the data required for the VIN number of the block to look for the chain to choose. Each record the does not have information about the data provider, day, VIN, and the use of the chariot. An end user customer related information to all currently only pay 8 VinCoin to change it in a wire. For those who wants to retrieve information about the user of the system VinChain, transaction costs will always VinCoin. More relying on historical data volume must be linked to the automobile market the volatility and speculative destitute. During the time the information is verified, that more providers, VinChain need to provide information about the stories from the bing. Blockchain in the petition, the price of North Korea football, merchants are among the many things that it contains the data from the reputation of the car, and by means of the sale of the service of the data, which are used in the report and with signs, received, a reward. Vinchain entrusted to him, blockchain on the claim for each one, then the quotient. Vinchain (VIN) is an international automotive market decentralized data provides complete transparency on the history of the vehicle. VinChain solve the problem in the asymmetric information in the market for a used vehicles in the organs of the lifecycle of create a decentralized, and unchanging, transparent, safe and reliable, with a data base blockchain all the acts, to the vehicle information of the vehicle. Each vehicle data accumulated use all the time. This the fable is made transparent and accessible to all. The accuracy keeps the vehicle using distributed data storage space is certain. This guarantees absolute reliability and data security. Every day, one hundred thousand used the world, and the buyer wants to keep technical
Now Its ICO Time
On February 1, 1290 ETH successfully established as a Presales 2 Vinchain moves in its initial offering coins. You can get more information about the company team, project history story, and the makeup, vinchain.io. Alternatively, you can join to direct the course of Vinchain Telegram questions directly when The founders of the project. Note that the first thing to buy tokens at the ICO VIN price until April 15. After that money will be available for purchase only a third of the market price offers.
Moreover-VinChain(VIN)
The data used to create a global database of VinChain blockchain that is 100% transparent, reliable and provides vehicles. The plan provides VinChain affixed to any vehicle registration data using something completely; The centralized database without setbacks. Consumers can also contribute to the increase of the blockchain significantly the aid of his own value, he was sold to the vehicle data storage and the thoughts of the vehicles tracking. VinChain a decentralized network that allows you to store data VIN block in the chain, which promises the total invariance data. You can return to the presentations blockchain tabbed VinChain after which it will be distributed to the witness value may be based upon information provided to the city of providers of information.
Specialty about the Project
   No one can falsify data
   The accuracy of the vehicle information, the roads will be safer world
   To develop a community trust, according to retailers, united by the idea of ​​making transparent market price.
Profitable business and generate currently own profit it. EpicVin has become one of the partners go live, fully integrated into it for us. Therefore, we are in essence simply by launching the MVP, but the advantage already been tried and tested. They have too many partners from other companies, and in this field, as soon as you get to market our solution, this can offer a huge amount of value. Some of these companies include AutoInspect (inspection vehicle and company), and VinInspect VinGurus (vehicle history reports) and ABetterBid.
To Know more Visite
Telegram:https://t.me/ vinchainio
AUTHOR
Bitcointalk Username: cryplee

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