Carxchain, CARX was founded in August 2016. It is committed to solving problems in the automotive industry through blockchain technology, realizing the implementation of mainline application scenarios, innovative physical value anchoring solutions, and creating CARX token exchange services through smart contracts. The protocol stack fully embeds the off-chain legal agreement into the transaction process to support new asset registration, management and transfer from off-chain assets to on-chain transactions. It solves the common problem that the current digital currency lacks value anchoring and regulatory constraints.