Vehicle Lifecycle Blockchain-Registry Comprehensive Decentralization
Lifecycle Blockchain is a comprehensive decentralized registry in which the information about the possession of the car, the history of insurance, repairs and maintenance is made using VLB tokens. VLB tokens are "utility tokens" that will be required by market participants to register transactions in the Vehicle Lifecycle Blockchain and to "monetize" commission fees as compensation for PoS nodes. Each paid user who provides input for a transaction designed as a record in the Vehicle Lifecycle Blockchain registry will have to attach VLB tokens to each entry in the corresponding registry. When multiple entries in the registry are concatenated into a block, and the validirujut block on the Proof-of-Stake, Node, which validiruet the block, receives all VLB tokens that are attached to all registry entries in the block ("Commission fee"). So, the more complex the transaction and the more paid users are involved in it, the higher the Commission fee.
First Vehicle Lifecycle Blockchain fully implement in the network Carfix-network of car services, insurance companies, distributors of spare parts and fleet management companies. However, the true potential of this blockchain lies in a decentralized deployment beyond the sarfix ecosystem in the entire automotive industry. Blockchain, based on VLB tokens, is doomed to global scaling, thanks to certain nodes that will promote such expansion. Car manufacturers and OEMs are global super nodes and insurance companies are the national super nodes that can rely on their successful experience within the Sarfix ecosystem to create similar business environments based on VLB Other market participants in other regional markets. The Sarfix team charge a dedicated development team to interact with Super nodes to promote the independent and decentralized use of the Vehicle Lifecycle Blockchain using VLB tokens.
Participants of blockchain and their advantages
Holders of VLB tokens that will acquire them during the ICO Carfix can sell tokens to the following market participants:
Insurance Companies:
- will be able to rely on transparent historical data on driving and repair damage caused by accidents recorded in the register to increase the accuracy of the prices of insurance policies.
- will be able to sell insurance services to users of Vehicle Lifecycle Blockchain.
- Can reduce the cost of handling insurance cases
Car manufacturers:
- will be able to check the technical service data immediately and reliably upon receipt of the warranty claims from car owners.
- will use Vehicle Lifecycle Blockchain to ensure compliance with RPRC in CAR service providers authorized by the manufacturer in determining the cost of repair work and maintenance.
- will have real-time access to data on the demand for original parts in the region and for specific SKUs, and will also be able to plan geographical supply chains more accurately, efficiently and in detail, taking into account the needs of specific car services.
Car:
will use VLB tokens to pay carfix for the use of the Carfix repair franchise, access to Carfix and vehicle Lifecycle Blockchain customers, will be able to work with insurance companies that have access to the vehicle Lifecycle Blockchain.
Dealers:
will use vehicle Lifecycle Blockchain to gain access to vehicle ownership, repair and maintenance data to achieve two interrelated objectives: (i) to establish a fair market price for vehicles in a transparent manner when Consignment, as well as (ii) having a high level of transparency, entice customers from competitors, Nkotorye do not use VLB tokens to access the Vehicle Lifecycle Blockchain.
will use Vehicle Lifecycle Blockchain to register sales operations.
Organization of car loans:
- Thanks to vehicle Lifecycle Blockchain will have access to data about the owners of cars, will be able to register the collateral rights for cars and control the insurance and maintenance of cars in pledge.
- Credit organizations will be able to use the information on the rates of customer service in the car services, which are connected to the Vehicle Lifecycle Blockchain, in order to make an accurate decision regarding the granting of credits to replenish the negotiable Capital.
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