Topic: [ANN][ICO] VLB - The Ultimate Blockchain Fuel for the Vehicle Lifecycle Industy - page 125. (Read 49095 times)

VLB Token, a blockchain platform of CarFix company, will reduce car maintenance and repair costs, and help car owners selling their used vehicles for a maximum possible price.
The main product of the company is a blockchain platform that will be used by all automotive industry participants, ranging from car manufacturers and dealers to service centers and OEMs.
This platform will make the auto market more transparent, simplifying and automating labor-intensive processes associated with buying and selling a car, insurance claim processing and management, car repair and maintenance, saving significant amounts of money for car owners, insurance companies and banks.
The project received initial funding exceeding 5 million Euros from institutional investors and prepares for an ICO, which starts on the 27th of November.
http://www.the-[Suspicious link removed]/2017/11/13/carfix-will-repair-vehicle-fraction-price-help-ethereum-blockchain/

We present to your attention a video on our channel on youtube. In this video co-founder VLB Token Vladimir Lupenko tells why Vehicle Industry needs blockchain revolution.

https://youtu.be/8jYMGlL0zrs

Please check this thread out: https://bitcointalksearch.org/topic/vlbio-bounty-threadassistant-raymond541closed-2363994

Are you running any bounty program. If yes please let me know.

It's already going here:
https://bitcointalksearch.org/topic/m.24100553

Haha yup agreed such an information database will not only cater the needs of the car owners but will also help car companies to realize the needs of the propsective buyers and design their products accordingly which would really mean some enhanced customer satisfaction.

waiting for  bounty campaign

It seems like as time progresses, more big car companies are starting to adopt and use blockchain technology to their system and this is a really good thing for this project. As more companies uses blockchain technology the wider the coverage of this project can reach and the bigger market it can attract. In the article Porsche and Toyota has been mention, is there any possibility that these big companies will be in partnership with VLB?? And so far have you been in touch with any big car companies from the United States to join this project?

It's great that this kind of project existed, this is the first project I've seen that is dedicated to or connected with Transportation. Kudos also to the team for the quick and professional responses, and for the reports. This project is really going great! It's also nice to hear that you guys are partnering with companies such as UBER. Good luck!

6 applications for blockchain in the automotive industry.
A US-based think-tank, Tractica, identified 6 ways how blockchain can be useful for the automotive industry.
1)   Automotive/Internet of Things Interactions
A future of autonomous cars, not to mention “millions or billions” of devices communicating with each other efficiently requires that their interactions and transactions exist on an immutable database of shared, secure, and highly permissioned access. VLB Tokens’ (www.VLB.io) shared ledger between automotive OEMs, parts distributors, dealerships, service mechanics, insurance providers, and others can support the ability for parts or equipment within a car to autonomously sense its own needs.
2)   Auto Financing
Purchasing cars typically requires loans to finance the transaction. In the spring of 2017, Indian automotive OEM Mahindra, created a blockchain incubator focused specifically on the automotive financing use case.
3)   Automotive Title Transfer
The process of transferring ownership from buyer to seller of an asset – a car or other form of property – is one that requires numerous middlemen, phases, and reconciliations to execute. A company called BigChainDB is developing CarPass in an effort to centralize all information about a car to a shared immutable and transparent database, immune to fraud or tampering.
4)   Insurance Claim Processing
Automotive OEMs could potentially use blockchain technologies like smart contracts or private keys to streamline the filing of certain insurance claims, automatically deploy service technicians, or automate payout.
5)   Supply Chain Management
The automotive supply chain is incredibly complex, consisting of numerous types of parts, hardware, software, and firmware suppliers, distributors, dealers, regulatory agencies, insurance companies, and more. Blockchain technologies can be applied to each of the following phases of the supply chain: inception, development, distribution, trade financing, retail and use,  recycling/aftermarket.
6)   Loyalty-Based Microtransactions
As businesses start leverage data for highly contextual marketing, companies like loyyal recognize the need for a shared database to manage high volumes of transactions and enable permissioned access and program execution
Read more https://www.tractica.com/artificial-intelligence/six-applications-for-blockchain-in-automotive/

VLB disturbs a multibillion auto market.
According to pymnts.com the use of big data and blockchain technology in the car industry is growing rapidly - big data in the auto market set to reach $4 billion by 2020 and blockchain end-point authentication in the auto market to be valued at $1billion by 2022.
Within the past year alone, we’ve seen the likes of Porsche and Toyota steer their way towards blockchain technology use. In addition to this, the blockchain technology market is also set to see some significant growth over the next few years. Research and Market’s Blockchain Market – Global Forecast to 2021 predicts blockchain’s Compound Annual Growth Rate (CAGR) will grow a whopping 61.5 percent within the next five years from $210.2 million today to $2,312.5 million.
VLB tokens (www.vlb.io) is one of the IT companies that takes an advantage of the growing market. Major market players, such as car manufacturers, shop repairs, insurance companies and regulators, will be using a public blockchain database for exchanging data about car ownership, maintenance and driving history, auto parts, and car loans.
Read more at https://www.pymnts.com/blockchain/2017/blockchain-tracker-the-auto-industry-revs-its-blockchain-engine/

This project is one of the answered prayer for all car owners, we all know that it is really hard to maintain a car it cost a lot so this project will really a big help not only for the car owners but for all of us, hope this project will  continue and will become successful.

Reducing the expenses of VLB participants (auto services, insurance companies, etc.) because of our system, helps to strengthen the VLB token. Some participants will be able to save more, and some less, you can see the analysis at the end of WP, appentix A. The token will grow depending on the savings of each participant. For example, to save 30usd you should buy a token at 20usd. Since the system is fully open, the price can increase 50-100 times.

I am a bit curious on how vlb token will have their value  in the future.
Let's say vlb token is a currency to pay any of vehicle repair service globally, and in the same time the token are tradable in many exchanges. Everyone knows how the crypto market works. Pump, dump, speculation, extreme fluctuations.
With that condition, how the payments of vehicle lifecycle industry will be integrated with the vlb token?

The Bitcoin bubble is turning into a mania that could help it reach $10,000 by Christmas, before heading for another major correction.

The people’s currency has passed several tests in recent weeks. One of them is the “technical test,” the crossing of price resistance marks like 5, 6 and 7,000 dollars.

That’s a bullish sign for investors who look at price and volume charts to determine the direction of the market momentum.

https://www.forbes.com/sites/panosmourdoukoutas/2017/11/09/bitcoin-could-reach-10000-by-christmas/#48aadd7134b5

before I thought this bounty is full, but after I ask directly it is still open, dev very fast response thank you.

Hello! 

Here is one more article for your attention 

McKinsey&Co strongly believes that the insurance industry is uniquely positioned to benefit from blockchain technology. Industry blockchain solutions such as VLB Tokens (www.vlb.io) can address the competitive challenges many incumbents face, including poor customer engagement, limited growth in mature markets, and the trends of digitization. The most promising insurance-related use cases in three categories: enabling growth, increasing effectiveness, and reducing cost by automating key processes.

Enabling growth:
We see three ways in which blockchain can facilitate growth for insurers: improving customer engagement, enabling cost-efficient product offerings for emerging markets, and enabling the development of insurance products related to the Internet of Things, including cars.

Increasing effectiveness:
An estimated 5 to 10 percent of all claims are fraudulent. According to the FBI, this costs US non-health insurers more than USD 40 billion per year. To more effectively detect identity fraud, falsified injury or damage reports, etc., blockchain can be used as a cross-industry, distributed registry with external and customer data.

Reducing cost:
Blockchain may reduce administrative/operations cost through automated verification of policyholder identity and contract validity, auditable registration of claims and data from third parties, and payouts for claims via a blockchain based payments infrastructure or smart contracts. Giving reinsurers, for example, controlled access to claims and claims histories registered on the blockchain improves transparency for the reinsurer in an automated and, at the same time, auditable way.

https://www.mckinsey.com/~/media/McKinsey/Industries/Financial%20Services/Our%20Insights/Blockchain%20in%20insurance%20opportunity%20or%20threat/Blockchain-in-insurance-opportunity-or-threat.ashx

VBL is starting a revolution in car management industry, they are building a decentralized registry of vehicle information
uniting segregated car industries under one system.

I use to work in an insurance company whereas motor vehicular accident is one of the most paid policy and honestly it's really hard paying those claims you need to do a lot of review to the case especially when the cause of accident is due to alcohol intake of a driver but hearing this ICO gives focus on giving insurance which is much easier for claimant I guess this will attract interest of many people especially if the process will faster than the other insurance company.

Of course

The project is centered for both sides.

For the carowners are the following benefits:
1. Increase the cost of the car at its last sale due to a transparent history.
2. Save on the cost of repairs and insurance.
3. Be confident that no fake spare parts are delivered to the car.

For the Industry participants - cost savings and revenue opportunities: client acquisition costs for insurance companies, banks, repair shops. Increased customer traffic due to ability to adjust insurance premium based on transparent car ownership, decrease client attrition from authorized dealers thanks to transparent pricing policy for repair works, cost savings on claim management and car loan processing.