BlocVehicle - Make money with your car

Today the world is seeing the emergence of a hyper-connected society in which digital technologies connect a person to other people, people to things and online to offline. In this society, people can be connected to each other online at any time and anywhere.

In light of this, blockchain technology will be increasingly applied to more fields such as finance, logistics, health care, and public and tourism services, creating a new P2P economic ecosystem.

Combining blockchain technology with the automotive industry, BlocVehicle is expected to bring great change to the economic ecosystem of the automotive service industry.

BlocVehicle enables users to store and retain data on their own cars, motorcycles, campers and sailboats in a blockchain-based public ledger, and like what Facebook does, information on their cars will be shared with other users. Thus, a car whose maintenance data is not made public will be considered being in poor quality, which is unworthy of purchase.

By applying blockchain technology to the automotive service industry, BlocVehicle will ensure that:

Any person can store and share data on his or her personal automotive history with others via a blockchain- based public ledger
The problems of asymmetric information will be resolved by creating a used-car trade platform based on P2P networks
A service platform will be created to connects travelers to vehicles around the world

BlocVehicle provides technical assistance and measures that utilize blockchain technology with the existing legacy system connected to BlocVehicle Network.

BlocVehicle Network is developed with the EVM-based decentralized application program (DAPP). The EVM is mostly used for the development of smart contracts. Considering the development time, cost and reliability, building BlocVehicle Network with the EVM as a base is more efficient than creating a new blockchain network and platform. Therefore, BlocVehicle uses Ethereum(ETH) as a main platform.

BlocVehicle Network mainly comprises three components:

accounts
vehicle information
VCL tokens

Storing all data through blockchain is nearly impossible given realistic constraints in time, cost and performance. To minimize the volume of data directly stored through blockchain, the photos and video files of a vehicle’s history are stored in an external storage space in encrypted form and the hash values of these files are recorded via blockchain. For the external storage space, an off-block-chain storage is used based on the network of the InterPlanetary File System (IPFS).

Struktur Sistem BlocVehicle

BlocVehicle Network consists of three layers and an off-block-chain storage. The apps layer handles connection to all participants. The service layer handles connection to the apps and core layers. The core layer handles connection to the off-block-chain storage.

1. Apps Layer

The apps layer provides the UI and API for creating and reading information. Participants can use all functions through the official wallet (iOS / Android App), whereas a third party such as a corporation creates quantitative data through the third party API.

2. Service layer

The service layer connects the apps and core layers and provides functions for management of user information. The service layer gives functions for data input and output via connection to the core layer.

3. Core Layer

The core layer uses diversified databases to safely protect data with the data network using the latest encryption technology. As a limited quantity of data can be stored via blockchain, a separate storage space is needed to efficiently store the photos and video files of a vehicle’s history, which is handled by the core layer.

Token info
Token VCL
Platform Ethereum
Type ERC20
Price in ICO 1 VCL = 0.002 ETH

BONUS
Pre-ICO 70%
Step 1 50%
Step 2 25%
Tokens for sale 400,000,000

Investment info

Accepting ETH
Distributed in ICO 40%
Soft cap 2,000 ETH
Hard cap 49,333 ETH

Roadmaps

Dec. 2017
Started project

May. 2018
Published white paper

Jun. 1, 2018
Started pre-sale of tokens to early investors

Aug. 15 - Sep. 14, 2018
Pre-ICO

Jul. 1 - Sep. 30, 2018
Complete BlocVehicle's logical system diagram Complete H/W and S/W logical diagram & development methodology

Sep. 20 - Oct. 31, 2018
ICO
Q4. 2018 - Q1. 2019
Form promotional & regional partnership for Asian market

May. 2019
Complete 1st vehicle system Launch BlocVehicle services (vehicle app, data, dealer & sharing services)