A Quick Look
A better and revolutionary method of keeping track of vehicles has been introduced and that will be achieved with Auto Block. Auto Block is a project that will provide live data for real time valuation for the Auto industry for all vehicles all over the globe.
A comprehensive vehicle data will be made available for all interested parties with Auto Block.
What The Industry Suffers
The information regarding vehicles ought to be made available to the general public. Informations like vehicle valuation in the areas of location, age, spec and mileage is supposed to be common knowledge to everyone but unfortunately, that is not the case in the current Auto industry.
In developing markets, information like this is hard let ever seen, even a controlled one is hard to find. In more developed markets, the informations are available quite alright but they are not meant for the public because some big shot commercial companies have decided to monopolize data.
The Industry’s Response - Traditional Methodologies
In order to reach out to those in the developing market, the Auto industry has made their products to be capable of supplying data to those who seek it.
This is a brilliant idea but the problem emanates from the amount of generated information which many don't not know how to handle. There is a need to control the numerous data that are made available by these vehicles so that those who need specific details can easily get to them.
This is where a better solution is needed.
The Auto Industry's Hope
Auto Block is a project anchored on the blockchain that will bring revolution to the Auto industry. Those who will make use of this platform will experience better services and it will benefit all the companies associated with the Auto industry.
With their platform, no crypto owner has to watch their digital assets be of no use as they can now participate in the Auto industry in buying and selling with their cryptocurrency as a valid method of exchange.
AUTOBLOCK's UNIQUE STRATEGY
Smart Contract:
Ethereum will be used to operate Auto Coin and the Hyper ledger fabric will be used to safeguard assets. Smart contracts will be a strategy adopted by Auto Block for communication on the blockchain.
The smart contract will make transactions on the Auto Block platform regulated and free of irregularities.
Privacy:
Privacy for all users will be upheld on the Auto Block platform. The exchange of digital assets between transacting parties will occur with a high degree of confidentiality and privacy which will regulate businesses on a common platform.
High Security:
The secure nature of the Auto Block platform gives their users a sense of safety during their transactions because this feature will make all transactions to be easily monitored and tracked if required by appropriate regulators.
The Benefits
Auto Block will provide a detailed historical data relating to cars and also their prices, damage history, CO2 emissions, accident history, fuel costs etc.
Auto Block will make use of their cryptocurrency, Auto Coin, to make transactions on their platform cost effective and easy and also make bank charges nonexistent.
Auto Block will take the demands of their customers seriously in terms of purchases and will make sure that they are immediately settled without delay.
Conclusion
As time goes by, we see the benefits of the blockchain technology and the Auto industry will finally have all irregularities plaguing it taken care of by the blockchain.
Unveiling Auto Block to the world of cars is a welcome development and with this product, vehicle sales will occur without fear of mishap and vehicle data will be obtained in a comprehensive and detailed manner.
Website: https://www.theautoblock.com/
ANN Thread: https://bitcointalk.org/index.php?topic=4570049
Telegram group: https://t.me/autoblockofficial
Username: aaamira
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