with the same purpose, carVertical had a decent ICO with a market cap of approx 40 million USD. I haven't digged any research on VLB but if you're interested, should take a look at it's rival - carVertical
Looked into it and, I have to say, not impressed. The way I see it, all the car-related date will be put into system by the companies: insurance, repair shops, manufactrers. And CarVertical doesnt seem to have any partners so far or, in other words, nobody to make the system work.
At the same time, VLB already made a partnership with CarFix, so they aready have a headstart. Besides, there's only $12 million they need, so theres a better chance they'll mange to colelct it. And the low cap means, they already planned out exactly how to spend it.
Indeed that VLB already has many partnerships like Uber, QIWI, Magnusson, and i heard they are working on a deal to make a partnership with IBM ( because one of their advisors id from IBM blockchain's lab). And to make it clear, CarFix is not their partner, but is a company that is owned by one of their founder along with CarPrice, so these two companies is running under the founder of VLB and can be integrated on VLB project and its already working right now.
They already made the spending plan for each cap (softcap and hardcap), just need to hope they will reach the hardcap which is 12m usd so the progress of this project will be faster and smoother (but even if its only 4m usd, it will be run smooth too as planned in the whitepaper)
