Tuesday, 3 July 2018

The AutoBlock

Today, let us all learn and experience together all about The AutoBlock,If you don't know anything about them, don't run away, that's why I'm here, to change that within the next few minutes. Before I begin, I just want to quickly mention that I will be including LINKS so that YOU can do your own research or whatever you feel you need. I feel it's best to have all of the information in one place, in an organised manner, rather than dotted about the page making what you want hard to find or confusing. All these links will be put at the BOTTOM of this page to keep things easy.

What is The AutoBlock?

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.

  • Payment security and enhancement
  • Vehicle valuations systems
  • Vehicle data
Let’s look at how The AutoBlock works to eradicate these problems and give users a chance to have an evolutionary experience.

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.

What does the future hold for The AutoBlock and why you should invest in it

In the starting months of 2018, The AutoBlock released the Alpha version of the platform, and the seed round funding started in the 2nd quarter of this year. Shortly, The AutoBlock aims to release a mobile app and make their services live for members through a Beta Version. Finally, by 2019, the revolutionary solution hopes to start a green car project and continue its development in concerning areas.
As of right now, the things which have been completed are
  • An established Blockchain technology platform
  • An established vehicle valuation system
  • Established digital wallets
  • Established relationships with worldwide data providers
All in all, The AutoBlock is a technology which will be helpful for all those related to the automotive sector and will change the way business is done in the industry. You should invest in this upcoming tech because it has an undeniable promising future that you can profit from. The AutoBlock is already on the agreement in principle with 2,500 European dealership groups and is also targeting prestige dealers that are ready to provide the Auto Coin payment solution.
The brains behind the autoblock combined with the resourceful blockchain technology are guaranteed to take the automotive industry by storm. So, are you all set to go on an adventure that will change the entire automotive sector?

For more information please visit:
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1925101
DISCLAIMER:This post was brought to you by Opeyemi being my personal project on autoBlock campaign project

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