VINchain is a decentralized blockchain database that can record all information related to vehicles. Each vehicle in the database has a blockchain passport and is stored in a decentralized registry. In addition, VINchain can also generate corresponding reports, and buyers, sellers, and other market participants can order the reports they need at any time. Throughout the lifetime of a vehicle, information about it is continuously accumulated in the databases of all system participants (manufacturer, insurance company, service station, bank, leasing company, dealer, etc.). A vehicle's blockchain passport is linked to its identification number (VIN) and stored in the VINchain blockchain system.

Project goals

1. Create a hierarchical access and information protection module. The security of data access should meet the requirements of government agencies.
2. Integrate the players in the automotive industry (for example: manufacturers, insurance companies, dealers, service stations and developers of navigation systems) into an ecosystem for efficient data exchange.
3. Create an infrastructure so that every market participant can directly access the database.

Project APP

During development we will develop mobile applications and websites for traders, insurance companies and manufacturers, in addition to flexible APIs. The app will have wide-ranging utility, as it can provide users with deals on car maintenance, service discounts, and even information on refueling and car wash services. In addition, it can also help users find their car in a huge parking lot, or control their vehicle remotely
. The app will also collect statistics on individual driving styles, tell users how to drive fuel-efficiently, and offer discounts on insurance costs! All the collected information will be saved on the blockchain to guarantee its reliability and add value to the vehicle when the user sells it.
This website will be a business portal that businesses can use to create an ideal marketplace where information related to any vehicle can be found, including: vehicle usage statistics and historical reports, etc. On the website, users are also able to interact with all participants in the VINchain ecosystem. After obtaining this information, the dealer can send the customer an offer that is relevant to the customer and can really arouse the customer's interest. When buyers have a comprehensive, factual, and verifiable history report, they are able to conduct a better analysis of the vehicle they want to buy. The system will send vehicle maintenance reminders to users, so it can also increase users' demand for maintenance services.

Project service cooperation

After being authorized, the service provider can access the VINchain service through the API interface to create a report request.
Upon receipt of the request, the VINchain service will use the vehicle's VIN number to search for information in the VINchain service provider's database. Each record will include: details of the information provider, date, VIN number, accident report, change of ownership information, and any other information about the use of the vehicle. Also, each record in the report will have two fixed hashes.
Once a user submits an information request, they receive a report that is pre-checked for data availability for a particular vehicle. Users can then pay with VIN tokens to gain full access to all available information.

Application scenario

Automakers will be able to:
Receive and analyze vehicle operating statistics and develop market and production plans based on research. According to the data of the VINchain platform, agree or reject the warranty service.
Car dealers will be able to:
accurately assess the market value of vehicles.
When selling a vehicle, provide complete information about the vehicle. In the medium term, this is a winning strategy for gaining consumer loyalty.
Insurance companies will be able to:
protect themselves against fraud by looking at data in the blockchain, identifying fake accidents, before paying insurance premiums. According to the actual vehicle condition, apply for insurance for the vehicle, predict insurance fraud and identify problematic vehicles.
Banks and leasing companies will be able to:
accurately assess the market value of vehicles.
The service station will be able to:
Perform precise inspections of vehicles for hidden defects based on data from the VINchain platform. Improve service quality.

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