Uservice ICO

USERVICE

This is a global decentralized online platform which is based on Ethereum block chain through the use of smart contracts to enable the registration of any deal and the operation of automobile. This is easily carried out with the help of its basic product uremont.com which is key in showing all the car service station across the World.

POSITIVE VALUES

Easy payment: The project enables car dealers from anywhere to easily purchase cars or order parts directly from the manufacturers   through the easiest means of payment provided by the block chain technology. This makes the project helpful in reducing the higher costs of buying cars from local manufactures and companies.

Security: The use of block chain ensures that all the detailed records of the cars and manufacturer details are well kept. This enables the potential buyers to have adequate know how about the specific cars of interest hence avoiding unexpected expenses incurred through blind buying.  This on the other hand expands the sales without more investments on advertising the cars by the manufacturers hence increasing profits.

Increased income:  The provisions provided by the use of block chain technology helps in increasing income without majorly relying on advertisements as a source of sensitization of the existence of the businesses and their benefits. This is highly felt by the auto service centers   due to frequent visits by car owners for services, repairs as they can easily afford cars.

NEGATIVE VALUES

The use of this project bypasses the standard legal procedures that one should undergo before attaining a car.  This imposes a great risk on the customers as they can loose all the investments used to by the UST token.

RECOMMENDATIONS

The dependence on local manufactures in the automotive industry has caused more harm to the environment through pollution and even higher cost incurred by the customers. The use of block chain technology on the uservice eliminates these challenges as it provides direct link of the customers from any part of the world with the manufacturer hence promoting easy purchase of the automobiles. Nevertheless it reduces environment hazards caused by pollution  through the renewal of resources  making the project to viable.

Uservice is not an ICO out of nowhere. The team behind the project has exhibited tangible proof of concept its existing project, UREMONT. Uservice aims to streamline its operations by utilizing the transparent, trustless nature of the blockchain and automated service contract provision allowed by smart contracts. Although there are other very similar ICO proposals in the automotive industry, most of these projects are little more than a twinkle in the eye.