Blockchain registry with complete vehicle history
- Start date: 26.12.2017
- End date: 14.02.2018
- Soft cap: 2825947 USD
- Hard cap: 12609561.47 USD
- Currency of presale: ETH, AUD
- Token price on the presale: 0.000004 ETH
- Discounts and bonuses: Wave 1 bonus 45%; Wave 2 bonus 35%; Wave 3 bonus 25%; Wave 4 bonus 15%; Wave 5 bonus 10%; Wave 6 bonus 5%;
4 major problems automotive industry is facing:
- Closed access data
- Scattered historical data with limited access
- No ability to share data between centralized databases
- Used car owners and buyers are not aware of the full history of the car
The idea and solution
carVertical is a blockchain-based solution that gathers as much information as possible about cars’ history from different sources like centralized country registries, police and Interpol databases, insurance, leasing, claims handling service databases, privately owned registries, paid APIs, other sources and puts it into blockchain registry. We will also create an environment where users are providing us permission to retrieve the data of a vehicle they own.
All data that’s in the blockchain registry cannot be changed, faked, rewritten or manipulated. It provides full transparency and builds trust. And most importantly, all car’s history data becomes de-centralized and publicly accessible. This is key element why we chose to execute project as blockchain registry.
Any person or company who checks car’s data via carVertical product can be 100% sure that no one manipulated its mileage, all insured accidents are logged and data about the car is as extensive as possible.