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.
THE AUTO BLOCK MISSION
- 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?
Website:https://www.theautoblock.com
Medium:https://medium.com/@autoblockx
Telegram:https://t.me/autoblockofficial
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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