At the Moscow blockchain conference we spoke with Marina Guryeva, the CEO of the cyber • Fund. She said that the most promising blockchain projects were those that help creating trust in the environments where no one trusts each other. For example, on the automotive market we have car dealers, repair shops, insurance companies and banks that have to verify information one after another. This creates inefficiency and redundancy in business processes and information. Blockchain database can store information for all market participants and eliminate the need to verify it every time, which will decrease transaction costs, reduce fraud and allow selling cars at a fair price. Buying a car is not a gamble anymore. Join the first vehicle lifecycle blockchain story with CarFix and VLB Token (www.vlb.io)!
I think the most interesting part for me is decrease transaction costs, i mean lets face it........ the economy is not at its best and cutting cost very necessary nowadays so having an automotive market powered by blockchain that covers all aspect is key. But again in this aspect what happens when the VLB token price increases, wouldn't it be now more expensive to use this platform?
