Carblox creates a digital environment that wants to control, store and validate vehicle data. This will lead to the registration of decentralized vehicles that checks all vehicle information to buy, sell or rent cars or car related services such as insurance or repair in a transparent, reliable and secure manner.
The Carblox ecosystem is based on blockchain due to the fact that it produces intelligent vehicle history records, containing current and accurate data and information. Twin digital vehicles are useful for buying and selling semi-finished and used items, car care services.
Carblox is a multiplatform or ecosystem that utilizes, stores and validates all data about the vehicle since leaving the factory. This ecosystem aims to disrupt the car industry by improving the core challenges facing today. Carblox uses IoT, blockchain technology, and cryptography to help people buy and sell vehicles and services related to vehicles in a safe, transparent and reliable way. It has a decentralized vehicle registration that will ensure vehicle related information such as repairs, insurance and other car related services.
Carblox will touch various topics related to cars like :
1. Vehicle Market
2. Used Car Market
3.Insurance
By using blockchain technology, smart contracts and flexible API systems, Carblox will ensure its members that all information about the services provided on this platform is valid, secure and transparent.
Carblox aims to be the first multi-platform platform in blockchain for the vehicle market, including vehicle-related services. Their pre-ico phase will start on 10 November, the ICO launch will begin on January 19, 2018. In the following reviews, we collect all the CarBlox ico information that is important to you.
How does it work?
Benefits of the Carblox platform:
Based on the Ethereal blockchain
Ethereum is a flexible, dependable and scalable infrastructure that implements all possible blockchain and smart contract technologies. Smart contract codes are stored and executed in a distribution of nodes, which means ensuring the execution of the contract.
Use of smart contract
Transactions in the system, whether buying a car or buying insurance, are completely transparent and reliable for both parties. Ensuring smart contracts are the fulfillment of the parties' obligations, eliminating human error and speeding up transactions, eliminating bureaucratic red tape.
Token as the original currency
Carblox token (CRX) is used to pay for Carblox services. This token has a standard ERC20 format that is a verified solution that ensures compatibility and ease of integration with third-party services (such as exchanges and portfolios) and the ability to work with smart contracts.
Reliability and validity of information
All information is stored in encrypted form in distributed storage, while authenticity is confirmed by cryptographic methods based on data stored in blocks, ensuring security, disinterest and reliability of information.
Transparency while maintaining privacy
The process of entering and accessing data in Carblox is transparent, the use of blocks, encryption, digital signature systems and the separation of privileges ensure privacy. Your data can only be accessed by the relevant state authorities and members that have been granted access by the user.
Decentralization
Carblox is a decentralized system in every way. All layers (data storage, blockchain) do not have the same control center. All codes and data are stored and run on the same system node.
E-government
E-government
Storage and information handling in Carblox will be ensured by modern decentralized technology: distributed file system (IPFS) and block chain (based on Ethereal). The immutability and accessibility of information in blockchain will build trust between ecosystems and Confirm authenticity of information received from the registry.
The problem that Carblox wants to solve
Some of the problems Carblox wants to solve in the vehicle industry include:
Vehicle market
In the vehicle market, Carblox would like to complete an outdated business model in line with the business model in need and data relevance. In the relevance of the data, it wants to solve the customer's worries problem when it has to lose data from anything without reward.
Used car market
Carblox targets maintenance frustration when it comes to used car market. It also targets the challenges facing people in terms of unfair practices and lack of guarantees.
Insurance
In insurance, Carblox wants to deal with fraud where up to 10% of all claims for insurance payments are fraudulent. It also wants to address the lack of personalized offerings and mediocre calculations.
Carblox ICO Details
Carblox Token Format (CRX) is an ERC20 token, which will ensure compatibility and seamless integration with third party services such as portfolio or exchange.
The Company will issue a total of 100 million CRX for the exchange rate of 1 ETH = 7.500 CRX in the pre-ICO phase and 1 ETH = 4,000 CRX during the peak phase.
Pre-ico Phase Will take place from 10 November 2017 to 10 December 2017
Offer Size: 12 Million Carblox Token (12%)
Price: 1 ETH = 7.500 CRX
Minimum Investment: 0.1 ETH
Max. Investation:
Unlimited Investment Cap: 1,600 ET
Pre-ICO Bonus
Day # 1-5: Bonus 30%
Day # 6-10: Bonus 20%
Day # 11-15: Bonus 15%
Day # 16-20: Bonus 10%
Day # 21-25: Bonus 5%
Day # 26-30: -
The ICO Phase Starts on January 10, 2018 and ends on February 9, 2018
Offer Size: 68 million Carblox Tokens (68%)
Price: 1 ETH = 4,000 CRX
Minimum Investment: 0.1 ETH
Max. Investation:
Unlimited investment stamp: 17,000 ET
ICO bonus
Day # 1-5: Bonus 30%
Day # 6-10: Bonus 20%
Day # 11-15: Bonus 15%
Day # 16-20: Bonus 10%
Day # 21-25: Bonus 5%
Day # 26-30: -
Token will be distributed as follows:
12% - For
buyers of 68% pre-ico chips -For token shoppers on crowdsale main stage
8% - For project and team founders
10% - Owned for future system needs and Maintain future token value
2% - Bonus Program.
Products Will Be Distributed As Followed:
70% - Development Budget
12% - Operating Expenses
10% - Marketing Cost
5% - Consultation Advisors and Technical Experts
3% - Legal Services.
ICO Carblox's verdict
Carblox aims to create a decentralized multi-platform platform for the vehicle market. All services will be transparent, public, secure and supported. Carblox offers to pre-ico phase investors before launching its peak in early 2018. With all ICO investments, we recommend careful research. More information about Carblox can be found on the company's website.
Roadmap
Q1
2017
Concept development
Idea of Carblox Platform formation
Team building
White Paper is completed
Business plan outlined
Advisor partnerships formed
Q2
2017
Prototype development for Carblox Platform
Prototype development
Development of an end-to-end business process
Q3
2017
Preparing ICO
Prototype of the platform is ready
Development of smart contract scheme
Pre-ICO and ICO preparation
Q4
2017
Token & Development
Carblox Token
Additional staff recruitment
Full-time platform development begins
Q1
2018
Internal alfa
Platform development continues
Mobile APP development begins
Product pre-marketing to end-users begins
Internal alfa
Beginning of alpha testing
Bug Bounties begin
Q2
2018
Platform release
Bug Bounty continues
Platform Development continues
Mobile App Development
Platform release
Q3-Q4
2018
API and dedicated Apps
API development
Dedicated Apps development (manufacturers, dealers, brokers, service stations)
Marketing campaign & market participants’ involvement on the platform
Q1-Q2
2019
IOT & AI-based analytics subsystem
Telematics interaction API development
Beginning of telematics data collection
AI-based analytics subsystem development
Expansion of Carblox functionality via use of the analytics algorithms
Q3-Q4
2019-2020
E-governance
Cooperation with government entities
Elaboration of technical, organizational, and legal issues on integration with existing state information systems for the possibility of implementing procedures for registering the right of ownership of vehicles
2021+
Worldwide expansion
Team
Advisors
For the latest information follow the following Carblox official website
WEBSITE | WHITEPAPER | GITHUB | VIDEO|Bitcointalk
Author Audrey
Eth
0x78b383c8944CE0CE0AF242E968080bcF1A72b7C8
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