MASS VEHICLE LEDGER
This is a blockchain based ecosystem for vehicle industry which enables the users to upload core information relating to their specific car on blockchain.
PROS:
- The platform use enables permanent storage of data relating to a particular users vehicle for the entire duration of its lifetime and ensures that the records are kept free from corruption
- The participants are able to earn MVL token through platform reward system which can be traded with other participants for goods and services related to the vehicle industry
- The platform use helps in reducing the unnecessary costs involved in the vehicle sales and purchase as it provides accurate data collection
- The platform use enables the users to get full information about the specific mechanic shops and hence easy reward through good quality work that meets the strict standards cutting off unhealthy competition
- The platform promotes transparency as the potential vehicle dealer to easily access accurate data on the car history hence eliminating the risks associated with any purchase
- The participants can easily upload their driving data through the use of MVL ecosystem which can be analyzed to set a customized insurance rate.
- The platform has an excellent team on board with adequate skills and experience relevant to the platform implementation
CONS:
- The platform lacks a developed mobile platform supported by Android and IOS to enable the users easily access the vehicle history via their smartphones
- The funds raised by the MVL token during the pre-ICO stage is not highlighted in the whitepaper
- The platform doesn’t highlight the vehicle trading trends and the adopted technologies in different models
SUGGESTIONS:
- The platform technical team should develop a mobile a mobile application supported by Android and IOS to enable smart users to easily access the platform services
- The MVL token should be involved in the pre-sale stage to raise adequate funds for the project implementation
NOTE:
MVL ecosystem enables easy connection of vehicle-based through blockchain hence solving the problems related to the mobility industry. I would therefore invest in this project.
