Introduction You might want to agree with me that todays’ Car Market Industry is faced with countless array of challenges from vehicle trade to insurance, auctions, maintenance and repair. In a blog post by Nella, 2016, titled: “The Top 5 Challenges Facing Auto Companies in the Coming Year”, Nella briefly outlined that lack of new avenues for automotive manufacturers to increase efficiency and growth; force disruption and innovation from connected car and Uberization; gradual shift of consumers away from ownership to transportation service mentality; increased complexity and risk in the automotive industry; and the lack of innovation to meet the growing demand of customization and greater customer intimacy are the five major challenges facing the Auto Companies today.
ContentIt is undoubtedly evident that challenges faced by current automotive market industry have seen no known significant sustainable solutions yet. As such these problems compound in the industry as technology advances. It is in this regard, that CarVDB has developed satisfactory solutions as lasting remedies to this challenges.
CarVDB, a new generation and the first Decentralized End-to-End Blockchain Platform for the Automotive World is aimed at revolutionizing the automotive world using the Blockchain & Smart Contracts technology, through the introduction and implementation of new and enhanced four core automotive modules on the CarVDB platform.
These four automotive modules (Insurance Platform Module, Vehicle Marketplace Module, Auction Platform Module and Vehicle Maintenance Module) on CarVDB are aimed at addressing the problems faced by both individual and professional consumers of automotive services today.
For example, the Vehicle Marketplace Module, a decentralized module on CarVDB Platform is set to provide free trade and rentals between private and professional sellers and buyers of automotive products. Thereby solving problems such as High advertisement cost and Automotive Scams among others that both individual and professional automotive dealers face daily. This platform is also set to a special feature which is aimed at allowing vehicle sellers to sell vehicles in a more nontraditional way as well as bring lot of fun to both sellers and buyers of automotive products. (Read more on CarVDB Vehicle platform benefits at
https://www.carvdb.com/#ico_about_link).
Secondly, CarVDB Powerful Auction Platform, is set to allow sufficient setup of timed and live auctions to both private individuals and auction houses on its platform. It is aimed at providing its users the option to organize auctions for their vehicle using the full potential of CarVDB Smart Contract. (Read more about CarVDB Smart Contract on pages 19-22 at
https://www.carvdb.com/carvdb-whitepaper.pdf ).
The enhanced and powerful CarVDB Insurance Platform, is set to reduce the premium people pay and at the same time reducing the risk for insurance companies. It is also set to provide possibilities for insurance companies to present their best deals to the CarVDB Platform users. Powered by CarVDB Smart Contract technology, CarVDB Insurance Platform is set to guarantee the interest of both beneficiaries and insurance companies. (Read more about CarVDB Insurance Platform benefits on pages 22-23 at
https://www.carvdb.com/carvdb-whitepaper.pdf ).
Finally, the CarVDB Vehicle Maintenance Module, a fully Automated Vehicle Service Center solution, is also aimed at improving the services provided by Vehicle Service and Repair Centers and increasing customer satisfaction from the contracted vehicle maintenance activities through the introduction of a unified Blockchain based platform where all vehicle maintenance records will be kept up to date by authorized repair centers. (Read more about CarVDB Vehicle Maintenance Module on pages 23-25 at
https://www.carvdb.com/carvdb-whitepaper.pdf)
Conclusion CarVDB is building a new revolutionary technology which is aimed at changing the convectional concept of how modern data vehicle trade, insurance services and maintenance should be done. With it goal-oriented team of elites, CarVDB is building a simple and transparent platform, based on the Blockchain technology to serve as solutions to the current challenges facing the automotive market industry as well as improve the lives of individuals globally. Why not join CarVDB today, and work together in achieving a come goal? Do not hesitate, do join CarVDB today at
https://www.carvdb.com/ to enjoy the wide range of privileges avail to you.
References:
https://www.carvdb.com/https://www.carvdb.com/#ico_about_linkhttps://www.carvdb.com/carvdb-whitepaper.pdfhttps://www.carvdb.com/#ico_crowdsale_linkBryan Nella(2016)The Top 5 Challenges Facing Auto Companies in the Coming Year
http://www.gtnexus.com/resources/blog-posts/top-5-challenges-facing-auto-companies-coming-year
