Hello guys! I just came across a very exciting and mind-blowing ICO project that would interest you all. This project is focused on creating a platform where users have the opportunity of been linked to car dealers that accept cryptocurrency as a mode of payment and also enjoys access to accurate and reliable information on automobiles. Now isn’t that fantastic? Below is a brief review of this project.
BRIEF OVERVIEW OF THE AUTOMOTIVE INDUSTRY
The automotive industry which begins in the 1860s can be said to have played a major role in bringing about the advancement in civilization, globalization, and industrialization now seen in the world today and thus making it one of the oldest and highest revenues generating sector in the world today.
An online research shows that over a million automobiles are been used around the world for both personal and commercial purposes with over 15 vehicles manufacturing companies producing millions of cars to meet its ever-growing demand each year, but Overtime the demand for automobiles by individuals has been rocked with several challenges such as ;
- Currency conversion challenges when buying automobiles outside a particular region.
- Cases of payment diversions by hackers during an online transaction with dealers.
- Due to the poor usage/acceptance of cryptocurrencies as a mean of payment for major products and services has narrowed the alternative for payment to just fiat alone as in the case of vehicles purchase.
- Poor access to accurate data of fairly used cars.
The drive of a team consisting of experienced professionals to solve these and other challenges silently affecting the automobile industries gave rise to the AUTOBLOCK PROJECT.
The AUTOBLOCK project is centered on creating an ecosystem that brings together all the stakeholders from the automobile industry for the purpose of buying and selling of cars using cryptocurrency. To achieve this goal the team has decided to introduce an Erc20 ethereum based token called Autocoin which would be globally adopted/accepted by car dealers as the defacto payment solution for car buyers.
Via the AUTOBLOCK decentralized platform car buyers have access to all the relevant information about the cars they are buying. Some of this information includes; accurate valuation of cars, mileage, spec location, make of the car, number of previous owners etc.
BENEFITS OF MAKING USE OF THE AUTOBLOCK PLATFORM
The AUTOBLOCK platform leverage on Blockchain Technology to create a secure, reliable, transparent and efficient transaction operation for it users. Below are some of the benefits users of the AUTOBLOCK platform stand to enjoy?
- Identity theft is impossible due to the fact that its platform user details are stored on the Blockchain which makes it impossible for any data to be manipulated or altered by any third parties.
- Both car buyers and sellers experience the ease of carrying out fast transactions using cryptocurrency.
- Via this platform user are exposed to wider options of vehicles offered for sale.
- Users have the opportunity of buying vehicles using cryptocurrency (AUTOCOIN).
- Via this platform users can buy vehicles from any part of the world without going through currency conversion challenges.
- Users have the option of converting there AUTOCOIN to other cryptocurrencies of choice.
- Holders of the AUTOCOIN token for a given time are entitled to voting rights and dividends from the company
in Conclusion the AUTOBLOCK project does not just offer a wonderful solution to one of the important sector and industry in the world (Automotive Industry) but it revolution also cut across the cryptocurrency world by becoming the first cryptocurrency (AUTOCOIN) to be widely adopted for payment for a highly used product such as vehicles thus recapturing the original use purpose of cryptocurrencies.
The AUTOBLOCK team has decided to throw open a once in a lifetime opportunity in its ongoing project ICO.
For more detailed information and also regular updates about this project please visit the links below:
Website Link: https://www.theautoblock.com/
Whitepaper Link: https://www.theautoblock.com/uploads/files/white-paper.pdf
Bitcointalk Ann Thread: https://bitcointalk.org/index.php
Facebook Link: https://www.facebook.com/AutoBlockX/
Twitter Link: https://twitter.com/AutoBlockX
Telegram Link: https://t.me/autoblockofficial
Bitcointalk User Name: Kessylezul
Bitcointalkprofile Link: https://bitcointalk.org/index.php?action=profile;u=1910183