VINchain (VIN)

VINchain (VIN) widget

ICO date: 01.02.2018 - 15.04.2018
Product Type: App
Industry: Transport
Description:

VINchain project is developing a blockchain-based decentralized ecosystem, an aggregator of information regarding the life cycle of a vehicle.

Features:

The VINchain platform will offer a variety of services to different automotive market participants: car dealers, insurance companies, maintenance stations, banks and leasing companies. The most important product of the VINchain marketplace will be a database of vehicles through which all interested parties will be able to access information or a report about each particular car using its VIN number.

VINchain is developing a mobile app and a website for dealers, insurance companies and manufacturers, in addition to an API, White Label and a blockchain built on Graphene.

The application will provide users with offers on car maintenance, discounts on service, and assist in refueling and washing. Additionally, the app will help find a vehicle in a parking lot, or remotely control their vehicle. The VINchain application will also gather data on personal driving style, offer user more economical ways of driving, and offer discounts on insurance premiums.

The VINchain ecosystem will also have a system of rewards and ratings aimed at managing and verifying data. The higher the rating, the higher the reward distribution coefficient.

VINchain plans to store most of the information in centralized databases, then create a hash on each of them and store that hash in the blockchain. 

Website: vinchain.io
Whitepaper: Whitepaper

Rating Review and Analytics

Investment rating
Stable Expire date: 14.07.2018
Hype score
High 3.5 / 5.0
Risk score
Low 2.6 / 5.0

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Post-ICO Rating


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VinChain Rating Review
05.04.2018
The ICORating Agency rates the VinChain project at Stable.

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