What is BlocVehicle?
Combining blockchain technology with the automotive industry, BlocVehicle is expected to bring great change to the economic ecosystem of the automotive service industry.
BlocVehicle enables users to store and retain data on their own cars, motorcycles, campers and sailboats in a blockchain-based public ledger, and like what Facebook does, information on their cars will be shared with other users. Thus a car whose maintenance data is not made public will be considered being of poor quality unworthy of purchase.
BlocVehicle will create the world’s best trading service platform for the used car market, offering a transparent and fair P2P trade system based on automotive maintenance data.
Moreover, BlocVehicle will embody the model of a sharing economy in the automotive industry. As part of its plan, an “Airbnb for cars“ service platform will be provided allowing anyone to lease a car to residents of the same region or travelers and earn money through P2P trade.
BlocVehicle will cooperate and coexist with automotive service providers rather than compete against them. By connecting them to the BlocVehicle Network, technical support will be provided to ensure the innovation of their business models for compatibility with blockchain.