CarFix ecosystem is currently comprised of 280 fully integrated repai rshops (with 500+ onboarded repair shops in total), all key spare parts distributors, dealers of most popular mass-market car brands, a major insurance company and the leading Russian auto lender. This ecosystem is continuously growing and evolving to accommodate the optimal supply and demand equilibrium along the entire vehicle lifecycle.
The existing CarFix ecosystem and software systems present a perfect staging ground to develop and deploy the blockchain technology described in the whitepaper. CarFix’s current business model, which is driven by the notions of transparency, efficiency and fair pricing, will be further empowered by the blockchain’s core premises ofd ecentralization and immutability of records. Implementation of multi-signature authorization mechanisms to verify transactional integrity will further morph the interrelationships between Market Participants into a single cohesive “Car Lifecycle Industry”.
Proceeds from the ICO will be used to develop and build the blockchain technology specifically tailored for the Vehicle Lifecycle Industry. CarFix current business model will be used to test the blockchain and subsequently proliferate its implementation beyond CarFix globally.
Vehicle Lifecycle Blockchain is a comprehensive decentralized registry wherei nformation about vehicle ownership, insurance history, repair and maintenance records will be recorded through the use of VLB Tokens. VLB Token sare “utility tokens” that will be required for industry constituents to record transactions on the Vehicle Lifecycle Blockchain and to “finance” commissions as compensation paid to PoS Nodes.
Attention. There is a risk that unverified members are not actually members of the team
$1 649 229
VLB TOKENS is platform for vehicle cycle built on block chain enabling the storage of vehicles ownership, insurance history, repairs, maintenance and other records throughout the vehicles life cycle.
The VLB system is being deployed on the already functioning CarFix business, with a large number of system functions already realized and even functional. One has to note the strong team, clearly assembling precisely the experience needed by this kind of project. It is true VLB doesn’t have answers to all the questions. At this point it’s not clear how exactly the many legal obstacles will be dealt with – at the least the team would require negotiating with local authorities to register car accidents, which would have to be a separate process for every country (even though the issues will have some similarities).However, the project is targeting a vast market, going down the road paved by an existing workin business. The already mentioned team composition lends the project additional credibility, including advisors Hannes S. Chopra (CEO of Sberbank Insurance), Sergey Solonin (CEO and founder of QIWI Group), Alexey Arkhipov (Director for crypto-technologies at QIWI), Nitin Gaur (Director at IBM Blockchain Labs), Igor Pesin (Life.SREDA), David Drake (Founder and Chairman of LDJ Capital) and others.VLB may have a big future yet!
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