Topic: [ANN][ICO] VLB - The Ultimate Blockchain Fuel for the Vehicle Lifecycle Industy - page 121. (Read 49101 times)

for the whole period its about 50 000+ customers. We can't say per month because the number is changing all the time.
Yes, we do not need to own these repair shops.

So you company exist for approximately 1 year and a half? So how many customers you have per month, if i get it correctly, you dont own those repair shops, you are just partners with them?

Very interesting approach with a real usecase, I like it.
In your screenshots are some typos, not a big thing, but you should change it if you have time:

in circle graphics: carmanufacturios
Blockchain Overview -> Car Factory -> Maintenace records


And I am also interested in the partnership with VW, are there more infos about it?

Its in the end of Road map, 2018-2019 years. Please, check once again.

I agree with you on that its quite ambitious to create your own blockchain but with the team that this project have and with the companies that supports them it's not impossible for them to create their own blockchain, they have the resources and the right funds to create a blockchain so they should probably create one. If this project will have its own blockchain, then it can really be a big advantage to its users, it can lessen fees and avoid worries that brings with the volatility of Ethereum. I didn't really find any information on the roadmap regarding creating a blockchain so is there any specific period of time that this will be possible? Because I think the best time to create a blockchain will be after the ico, in that way, the price of VLB can really skyrocket.

As we already wrote here before We are partnering with UBER and provide the special terms for car repair and maintenance on CarFix Platform. CarFix has API integration with UBER drivers interface.

A lot of ICOs are just newly formed companies selling an idea. So yeah, the fact that there is already a working company behind the project, let it really stick out of the mass of ICOs.

If a car owner fixes the car himself there will be no record. However, it's difficult to fix the car without any traces. If he goes to a service integrated to the VLB ecosystem there will be a record on the blockchain. If a repair shop is not integrated with the VLB there will be no record. However, in the future there will be less trust to this participant, which will be reflected in the price of insurance or car loan. The purpose of the project is to make the market more transparent so that honest players will benefit.

The idea of this project is to make all the information about car clear and open. But there is no ready-made solution to achieving equilibrium between privacy
and decentralization. CarFix will commit a significant portion of the resources raised during the ICO to implementing a privacy protocol, which would be conducive to maximizing the number of
users of the CarFix developed blockchain while securing private and commercially sensitive information.
More detailed information you van find in WP page 37.

Having an already working company makes you ahead of other icos I can definitely say that. You have the market, customers, partnerships etc. It's an amazing thing for an ico.

Ok that sounds like something else. As I am waiting for the proof about Volkswagen I also saw that you have a partnership with uber. What exactly is this partnership about?

Of course. The soft cap is 25,000 ETH.

You plan to return fundings if you not sell out? So there is just a hard cap which need to be raised or do you have something like an soft cap for a minimal funding?

In this case we return all the payments. But we are sure we'll gather all the necessary sum.

Very briefly, the  blockchain will function the following way:
- during a real world transaction parties involved will attach tokens to their respective entries into the transaction
*for example, when you repair a car, Tokens will be attached by: repair shop, OEM and car manufacturer. Repair shop will use a token; this represents a "payment" for customer acquisition and access to data that will facilitate future retention of this customer. OEM will use a token to record an installation of a particular spare part SKU# for spare part warranty purposes. Manufacturer will use a token to link this repair job with manufacturer warranty, which will determine whether the warranty remains in force going forward.
- reference in the smart contract to the electronic receipt issued by the repair shop when the customer pays for the service will act as proof of payment and will make this transaction eligible to be included in the next block.
* electronic receipts are tax documents that contain references to goods and services provided and price. Manipulating that information is a legally punishable offense
- blocks will be validated by PoS nodes. Tokens attached to the transactions will be used as commission
* Industry Participants that will be using the blockchain and that have certain token balances with certain coin-age may act as PoS Nodes.  Tokens received as commission for validation may be used by PoS Nodes (i.e. manufacturers, insurance companies, dealers, etc) to record their own transactions or they may be sold to other Industry Participants on exchanges.

All Industry Participants that contribute to the blockchain will have access to decrypted data on the blockchain to use it for cost saving (i.e. claim or warranty management) or new business opportunities (i.e. highly tailored insurance policy pricing or customer retention by repair shops/dealers).

For more detail and examples please refer to white paper pg 29-36 and appendix C

Sounds like a great idea. Vehicle industry is worth billions of dollars, but you definitely need some car companies to be supported.

So if I understand this correctly, there is already a big list of customers and partners? Have you discussed your Project with them (partners) ?

No the tokens will remain its clearly stated on the website

there has to be either a swap system or the tokens given some kind of inherent value on the new blockchain.

Creating you own blockchain is very ambitious.

You will create it after ico and some time i guess. So probably you will have erc tokens and make a swap when blockchain is ready. Am i right?