The buzz about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is AutoBlock, whose main goal is specially developed for the worldwide automotive industry through the AutoBlock Token.
WHAT IS AUTO BLOCK?
The AutoBlock is a blockchain product and service suite which is specially developed for the worldwide automotive industry. The idea for such a solution was born in the first quarter of 2017 when the founding members realized that though the motor market was significant, it lacked the essentials that made it safe, secure to access, and reliable. By the third quarter of that same year, The AutoBlock’s full-blown development began, and the company opened its first regional office in the finalizing months of 2017.
PROBLEM FACED
Payment security and enhancement Vehicle valuations systems Vehicle data
SOLUTION OFFERED BY AUTO BLOCK
The Auto Coin — Cryptocurrency
Cryptocurrency is taking over the world. According to the stats, Bitcoin is mentioned on social media every three seconds, and its price rose up almost 2,000% from January 2017 to December 2017. With this ever-rising popularity, car dealers are expected to accept digital currency because it’s not just convenient but also offers a lot of security as well. Because this type of money doesn’t have a centralized regulation authority and is created and transferred without the need for a bank, it ensures safety and reliability.
Unfortunately, because there is very little understanding of what cryptocurrency is, and how it benefits people, car dealers are not open to the idea, and this results in reduced sales opportunities. The AutoBlock solves this problem by providing a platform that easy to understand and use so dealers can find even more prospects.
The key features of the Auto Coin are:
Intuitive POS handheld payment processing device Ability to retain funds in Auto Coin or convert to fiat currency Funds converted will be equal to the current Bitcoin rate of $ or £ Offers an X amount of rewards in the form of Auto Coin to those who adopt it in its early stages
Altogether, the Auto Coin is a solution for car dealers that will make their revenue go up and attract new customers towards them. On the other hand, it offers customers the opportunity to stay safe while transferring their funds and provides them with a secure environment.
Vehicle valuations systems
If you’re even slightly related to the automotive industry, you know that vehicle valuation is a big issue around the globe. Because each dealer and buyer evaluate cars according to their views, the system is biased and unreliable. Moreover, the systems are monopolized and centralized, and it is biased towards traders. Finally, because there is close to no transparency and clarity, both dealers and customers suffer the consequences of data that’s not acceptable worldwide.
Fortunately, people who decide to use The AutoBlock will also benefit from its valuation system which:
Is unbiased and powered by the Blockchain technology Doesn’t have a centralized data center Acts as an instant solution for seamless access Provides shared access with one touch Is based on country of origin Offers region and country-specific valuations Gives unrestricted access to information
The vehicle data system
Another problem that often arises when a new customer is considering to buy a car is that of vehicle data. The blockchain technology is integrated into the Auto Block because it ensures accuracy and makes it easier for customers to access data.
Below are some of the benefits of this data system.
A straightforward comparison of specs Independent valuations by reg/vin and mileage or make/model/mileage Comparison based on NVD (New Vehicle Data from manufacturers and agencies) Ability to compare up to 5 countries at any time, and in a single report Helps in simplifying import and export decisions Provides a full history report on the vehicle (fuel efficiency, accidental history, damage, and CO2 emissions) Offers the life time expectancy of the car
So, this vehicle data system by The AutoBlock provides the customers with the chance to look up a car before buying it and get information about its history and price. This means that the buyer won’t only be getting the best price deals, but will also have a lower chance of getting cheated by the seller.
For retailers, this particular function is beneficial because it will offer them insight into the market and retail guide price. This will help them get the actual retail value of the car when they check the report and this, in turn, will make the margins clearer.
The AutoBlock car portal
The AutoBlock car portal offers a chance for classic car dealers to get exposure to marquee prestige. It helps dealers showcase their world across the world through livestock feeds that are mesmerizing to watch. The portal also provides free listings for those who adopt the Auto Coin early and increases your chances of appearing first on Google for searches that are made with crypto car purchase keywords.
For more information please visit:
Website:https://www.theautoblock.com
Telegram:https://t.me/autoblockofficial
Author: Al Muhaimin
My Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=1977549
My ETH: 0xFa3aECe75c6fa68F2A7A2690e5080FE62F82ed42
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