Blockchain Fuel for the Vehicle Lifecycle Industry
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Smart contract blockchain
Team:
Oskar Hartmann - Cofounder
Paul Nazarov - Cofounder
Vladimir Lupenko - Cofounder
Maxim Manturov - CTO
Peter Kalambet - Blockchain development team leader
Denis Tanaev - Head of Product development
VLB Tokens streamline the $1.8 trillion vehicle lifecycle industry. Vehicle Lifecycle Blockchain creates cost saving and operations optimization opportunities for auto industry players. Value of these opportunities exceeds the value of VLB Tokens at ICO by multiple orders of magnitude. Vehicle Lifecycle Blockchain will ultimately be fully decentralized and will be deployed by CarFix in cooperation with QIWI Blockchain Technologies (NASDAQ: QIWI). CarFix, the issuer of VLB Tokens, is a transaction platform that is reshaping one of the largest consumer industries in the world – auto sale, repair & maintenance. CarFix, just after 18 months since creation, has already brought a significant degree of order and transparency into the industry. CarFix has developed and implemented software that establishes algorithm based final fixed prices for all key repair and maintenance works. CarFix has support of institutional investors
Expert Review
In fact, this is a project of CarFix, which is looking for a way to apply blockchain technology in its existing business. On the one hand, the support of the project by a large and rather successful company is a pretty good sign. On the other hand, this can be regarded as an attempt to expand the business with hype technology. Is it good or bad - it's hard to say unequivocally, it depends on how the company will use the funds collected on ICO. According to the official info, they will be spent on project development, partner engagement and marketing. In any case, a very (very) strong team of the project allows you to count on success.
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