Will it be based in russia only or there are plans for other countries also?
Yes. We want to extend our system globally. In July 2017 we're already commenced expansion into the US market: found local partner, mapped Los Angeles and South Florida based ecosystems of repair shops, spare parts distributors, insurance providers and autodealers that are required for a successful deployment of CarFix platform. That's great. Any plans for the asian markets? Because Asian markets are on the boom right now. Or Africa. Many old cars are sold there because the people there cannot afford new ones. We are meeting with insurance company from South Africa early in December to discuss VLB deployment in that region. The company is called TuffStuff. As for the Asian markets, we have not scheduled anything yet in Asia so far, but we will definitely do. Primary objective is to reach Toyota and and South Korean car manufactures. |
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Are there any similar projects going on in crypto world right now? I havent found one and think yours is unique which is a great selling point.
To be honest, I don't know. But large insurance companies like ING, Allianz and top car manufactures like Toyota, Ford, Renault are developing centralized blockchains. Car manufactures work primarily on supply chain (everything before the car is produced) or reinsurance and payment processing in insurance industry. We build decentralized blockchain which could be integrated with private ones. |
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when I saw the title, i was hoping for a "self driving - Uber - pay with crypto" type blockchain.
As I understand its mostly for decentralized repairing cars? why is that needed decentralized?
It is the main idea of the blockchain -- nobody could edit the info that is in the blockchain, so if car was repaired -- there for sure will be info about that. |
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1 ETH minimum? I was going ho for this project, now i know i won't be contributing because That is too rich for me.
Yes, minimum 1 ETH. Can you also participate with fiat or other cryptocurrencies in the token sale? No, only ETH. |
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I cant see the pictures on the first post of OP and I only see links to those pictures. Does anyone having same experience with me? Or my browser is just broken?  We have a low rank on the forum, so the pictures do not work (need activity: 30). |
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can you explain, how tx do?
if your technology based on ethereum block chain, we need to pay some gas for every tx.
if we use your service, pay use VLB token, and for every vlb tx its need some gas. what solution for this?
Gas for transactions is not needed, because we use our blockchain. I am not clear with the answer. I read the whitepaper and of course vlb will have its own blockchain ecosystem. But now, it's still an Ethereum-based token that need some gas to do transactions. Yes and their blockchain will be deployed in December 2018. Its still an ethereum based until then. Yes, that's right. Beta version of Vehicle lifecycle blockchain will be deployed in September 2018. |
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well, this sounds like a good project for leased cars or company owned buisness cars, but a little bit hard to adapt for the private owned cars sectore, regarding own repairs and so on.
why, repair shops will have an incentive to partner up and be part of the system. Repair shops will receive customer flow from insu-rance providers & through Carfix developed B2C portal |
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Your blockchain technology is based on the use of repair workspaces, right? Like you go to an official place, let them make the repair and this will be saved on the blockchain, did I got it right? So everyone who is doing DIY repairs will not have any registration on the blockchain. In Germany for example (and probabaly also in the US and some other places) there is a big community for car pimping and repairs, who is using old and new parts for their cars. Is there any chance for them to register on the blockchain? Probably not or?
I mean in the example you gave some sites before it was for warranty issues but what would be other parts? Anyways if someone buys a new part he has also warranty on it, but could not register on the blockchain because he fixed his car himself, right?
If a car owner fixes the car himself there will be no record. However, it's difficult to fix the car without any traces. If he goes to a service integrated to the VLB ecosystem there will be a record on the blockchain. If a repair shop is not integrated with the VLB there will be no record. However, in the future there will be less trust to this participant, which will be reflected in the price of insurance or car loan. The purpose of the project is to make the market more transparent so that honest players will benefit. I don't see why someone who is repairing his car by himself is not a honest player? Can you explain me why you think this? I mean, if someone has the skills to do so, why not? Why should he pay more then needed and why should he be punished by insurances? In the future, maybe you can not interfere at all with the technical side of the car. First, most of the cars will belong to Carsharing services that will prohibit interfering with the operation of the car. Secondly, the complexity of electronics and protection from manufacturers will increase that will not allow the average car owner to repair the car on his own, provided that the guarantee remains valid. Third, 99% of people do not want to repair a car, but want to get a high-quality, fast repair with a guarantee. There will ever be people which can repair or change brake, wheels, and other parts of a car. In my city people often repair things bythemself, but time will show what will be the best solution for your system. Will the repair shops who want to be integrated with the VLB ecosystem need to pay an ongoing fee to the VLB company? If so, is there a rough idea of how much it would cost? Repair shops will need our tokens to record the information into the blockchain. ico price is ≈ 0.0015 ETH |
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can you explain, how tx do?
if your technology based on ethereum block chain, we need to pay some gas for every tx.
if we use your service, pay use VLB token, and for every vlb tx its need some gas. what solution for this?
Gas for transactions is not needed, because we use our blockchain. |
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Your blockchain technology is based on the use of repair workspaces, right? Like you go to an official place, let them make the repair and this will be saved on the blockchain, did I got it right? So everyone who is doing DIY repairs will not have any registration on the blockchain. In Germany for example (and probabaly also in the US and some other places) there is a big community for car pimping and repairs, who is using old and new parts for their cars. Is there any chance for them to register on the blockchain? Probably not or?
I mean in the example you gave some sites before it was for warranty issues but what would be other parts? Anyways if someone buys a new part he has also warranty on it, but could not register on the blockchain because he fixed his car himself, right?
If a car owner fixes the car himself there will be no record. However, it's difficult to fix the car without any traces. If he goes to a service integrated to the VLB ecosystem there will be a record on the blockchain. If a repair shop is not integrated with the VLB there will be no record. However, in the future there will be less trust to this participant, which will be reflected in the price of insurance or car loan. The purpose of the project is to make the market more transparent so that honest players will benefit. I don't see why someone who is repairing his car by himself is not a honest player? Can you explain me why you think this? I mean, if someone has the skills to do so, why not? Why should he pay more then needed and why should he be punished by insurances? In the future, maybe you can not interfere at all with the technical side of the car. First, most of the cars will belong to Carsharing services that will prohibit interfering with the operation of the car. Secondly, the complexity of electronics and protection from manufacturers will increase that will not allow the average car owner to repair the car on his own, provided that the guarantee remains valid. Third, 99% of people do not want to repair a car, but want to get a high-quality, fast repair with a guarantee. |
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I cant understand why you need tokens here and how you will use them here? What liquidity of tokens here?
Main driver for VLB Tokens value growth is their turnover through the system, which will increase in line with the blockchain system development. As each Paying participant shall be required to spend 1 VLB Token on each transaction and there are on average 3.5 Paying Participants per each transaction we expect that demand for VLB Tokens will increase in the next 5 years by 16+ times to 4.4 bln per year, making each VLB Token turn 18 times per year Such demand and rapid turnover will significantly impact the price of VLB Tokens. Given the potential cost savings and revenue opportunities for Industry Participants, VLB Tokens price may increase 50-100x once the Vehicle Lifecycle Blockchain is fully deployed. |
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Your blockchain technology is based on the use of repair workspaces, right? Like you go to an official place, let them make the repair and this will be saved on the blockchain, did I got it right? So everyone who is doing DIY repairs will not have any registration on the blockchain. In Germany for example (and probabaly also in the US and some other places) there is a big community for car pimping and repairs, who is using old and new parts for their cars. Is there any chance for them to register on the blockchain? Probably not or?
I mean in the example you gave some sites before it was for warranty issues but what would be other parts? Anyways if someone buys a new part he has also warranty on it, but could not register on the blockchain because he fixed his car himself, right?
If a car owner fixes the car himself there will be no record. However, it's difficult to fix the car without any traces. If he goes to a service integrated to the VLB ecosystem there will be a record on the blockchain. If a repair shop is not integrated with the VLB there will be no record. However, in the future there will be less trust to this participant, which will be reflected in the price of insurance or car loan. The purpose of the project is to make the market more transparent so that honest players will benefit. |
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1 ETH minimum? I was going ho for this project, now i know i won't be contributing because That is too rich for me.
Yes, minimum 1 ETH. |
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Can i see anywhere the amount of fund has been raised so far?
The project has already received more than $3 million from the funds of Pantera Capital, GVA, Blockchain Capital. Was this commitments made during pre-ico/presale? How much of tokens/funds will be allocated to founding team? thanks Yes, it was a closed pre-iso. These investors bought tokens at a price 1ETH = 910VLB (40% bonus). Will this token be locked somehow for a certain amount of time so that cannot be dumped right after the ico ends? Or is there any plan for it? Yes, token will be locked for 6 months from large investors. |
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The bonus for pre sale is a nice way to incentive investors, 40% for the pre sale is really good, and then another bonus for the ico from 30% for the first to 10% for the smaller bonus. VLB is a good project based on a smart idea, i hope it will go far.
It is definitely a very good way to start. Yeah your right, It was a good first week for VLB. It seems more capitalist were attract to invest in this project, due to good intention of this task to all drivers. In addition percentage of bonus was seems fair for all investors, hoping that this project goes for a long time. What was the bonus scheme? Why are you talking about the bonus system in the past tense? Pre-sale of VLB Tokens will starts on November 22 and will run until the start of the ICO on Nov 27 Pre-sale is aimed at giving an opportunity to investors looking to invest a minimum of 100ETH to obtain an addition bonus. The bonus structure is as follows: Pre-sale (minimum investment 100ETH): Nov 22 noon UTC - Nov 27 noon UTC: 1ETH = 910VLB (40% bonus) 100 eth for bonus  But i guess we can participate with lower numbers but no bonus, right? 1 ETH is the minimum contribution. |
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Can i see anywhere the amount of fund has been raised so far?
The project has already received more than $3 million from the funds of Pantera Capital, GVA, Blockchain Capital. Was this commitments made during pre-ico/presale? How much of tokens/funds will be allocated to founding team? thanks Yes, it was a closed pre-iso. These investors bought tokens at a price 1ETH = 910VLB (40% bonus). |
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Can i see anywhere the amount of fund has been raised so far?
The project has already received more than $3 million from the funds of Pantera Capital, GVA, Blockchain Capital. |
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Will it be based in russia only or there are plans for other countries also?
Yes. We want to extend our system globally. In July 2017 we're already commenced expansion into the US market: found local partner, mapped Los Angeles and South Florida based ecosystems of repair shops, spare parts distributors, insurance providers and autodealers that are required for a successful deployment of CarFix platform. Nice to hear you want to extend globally! What are the target markets after USA? Europe and Asia. |
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Paul is giving online interview now to Peter Saddington. The head of Blockchain design. You can watch online now and we will upload it to our YouTube late on. To watch the interview, click here: https://thebitcoin.pub/ |
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