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CarVertical
CarVertical represents a means of checking the official record of cars that users are going to buy.
Contents
Description
The purpose of this project is to be able to purchase vehicles with the help of blockchain, more precisely, provide users information on their transport, as well as to provide them with the ability to earn the same token on the provided data. The main criterion for doing this kind of action will be the registry of the blockchain with the data of the car, which became the center of the barter between the owner and the users, ready to provide a fee for what they see. Such a system will allow the majority of those who put forward their goods to the public to find out how the cryptocurrency works, why it is needed and for what purpose it can be used in the future.
The principle of earnings
The user will be able to purchase tokens using the product released by CarVertical. In order to have the right to use it, users should:
- Download a mobile app that supports the entire CarVertical system on its platform;
- Prove identity to avoid other identification or operation problems with the app itself. Confirmation is due to BioNano CVC;
- Confirm the right to the car.
Next is the case for service and product providers, payment of tokens (or other cryptocurrency, depending on the possibility) for providing CarVertical opportunities. Using this token or any other cryptocurrency, an individual or legal entity, as well as any company, will receive data on the report about a particular car.
Advantages
- The organization has a good technical side that makes the basis of the entire product and has a functioning alpha at the moment;
- The correct implementation of technology in the automotive industry will allow the company to stand out among other representatives of a similar kind;
- Income bar can reach the required level before the expected date, if the developed technology will work properly and reproduce a rapid rise;
- The key among competitors can be their information reliability and trust of clients to the project.
Disadvantages
- Long data collection time (approximately two years), which makes no accurate knowledge of the progress, which will be a problematic criterion for the market place;
- The company does not have any clear algorithms and ideas about the primary process due to its early origin;
- No evidence of research. Before making an application, a technical document is required that contains this information, which, in fact, is not and may not be provided. This reduces the effectiveness of the perception of the product.
