Bitcoin Forum

Hey,

I recently invested in CarVertical. I really love the project. The project is awesome, they did already some partnership with some companies in Lithuania.
In another hand Vechain started last year after the ICO, and got a partnership with BMW.

Can we expect Car Vertical to be a serious competitor or they are already below the expectation at this point ?

Thanks for your comment

CarVertical already did some partnership with some companies in Lithuania. It is great project!

There's also a serious competitor for these two, VLB that has partnership with Uber.

The seriousness of getting involved of the project with the entire business and economy is what makes a project great.

vechain is already established coin and on rank 17 , so chances of more returns at this point are less .
while carvertical is on 365 rank .

if you think carvertical is even a decent or average project then go for it instead of vechain .

CarVertical and VeChain are two totally different coins with totally different use cases and target markets. They are not direct competitors.

Having said that, CarVertical's project seems impossible to pull off (they want a blockchain record of all vehicles and their history, so second hand buyers know the car hasn't previously been involved in an accident/had mileage tampered with/stolen/etc). Convincing all car retailers to sign up to this will be difficult. Convincing all private sellers to sign up to this will be next to impossible, especially when it will penalise the very people who want to avoid it (scammers/criminals). I also have an instant distrust of any company that have not even bothered to have their whitepaper properly proof-read by a native English speaker:


VeChain have also partnered with Renault, DNV GL (https://en.wikipedia.org/wiki/DNV_GL) (the world's largest classification society), and Kuehne & Nagel (https://en.wikipedia.org/wiki/Kuehne_%2B_Nagel) (the world's largest freight carrier).

My money would be on VeChain.

VeChain is the platform not only for automobile industry, isn`t it? They want to create the identification system of all goods as I know, and what about CarVertical?
VEN has quite professional team and nice partnerships, I`d recommend you to invest in it

Thanks for your great answer!

I did invested in CarVertical and I love their project and the concept, I believe when their platform is fully up and running they will have more growth, also they already have some partnerships and are also looking to partner with BMW as well. So I think when their platform are up they might do well.

People always go with Branding, and I trust Vechain more because of the BMW partnership, Very suprised the price of Vechain did not increase.

Vechain looks more interesting at the moment. I would more put my bet now on this project and leave CarVertical for a while.

Both projects have good merit. CarVertical has just announced a partnership with BMW and I agree that getting every car listed is a mammoth task, however it is certainly not unachievable. If they just start by putting brand new cars on their system, people will develop an expectation that a cars history should be on the blockchain and hence the market will put pressure on individuals and used car dealers to be adding all their vehicles.

Car vertical may be the catalyst we need for a bull run , its already given btc a nice spike and it gives confidence to people that blockchain has real life useage , partnership with BMW!!! yahoo!!! go car vertical , and good pick suppoman... sometimes patience is needed.. HODL, still the best method!!!!!!
The carVertical vehicle history report, which traditionally would be comprised of data from state registries, workshops or insurance companies, will now be enriched with data coming straight from the vehicles. So, for example, there will be a possibility to get a proof of current odometer readings even without actually seeing the car.

Thanks , You are absolutely right. Since, I started this post. We got more fresh news about it . They joined CARA and cherry on the cake they announced their partnership with BMW. Let HODL and see their progression .

I also think Carvertical is more interesting, Vechain is already among the top 100 market cap coins and relatively expensive in comparion. The recent news regarding their partnership with BMW is huge too. I would therefore pick Car Certical over Vechain at any time.

I think this should be quite a long-term investment. Such projects do not develop very quickly. This affects the whole industry

CarVertical were just caught flat out lying about their "partnership" with BMW.

Here is the tweet (https://mobile.twitter.com/carVertical_com/status/974364510688612353) from cV announcing their "partnership" with BMW on 15th March:

And here is a tweet (https://mobile.twitter.com/BMWUSA/status/976111962047303680) from BMW earlier today (20th March) denying any such thing:

CarVertical are paying BMW to use their product (which anyone can do), and claiming it as a "partnership". By this logic, I'm a "partner" with Microsoft and Apple. An absolute disgrace, and an obvious attempt to scam potential buyers. Yet another example of a scam coin making all of crypto look bad. If you are invested in this scam, I would recommend getting out ASAP.

I do not know about CarVertical, even I just heard it. but I invested in Vechain. with the many progress Vechain undertook and like partnering with BMW. this is what attracted me, besides its current sales almost achieved success. although I did not join the campaign, but I have invested some eth.