[ANN] VINCHAIN [ICO] | starts 1st Feb. DECENTRALIZED VEHICLE HISTORY



  • What are the benefits of Vinchain for dealer?

    According to a survey carried out in 2013, customers believe that car dealers make a 20% profit on a new car. However, the study revealed that this was not the case. The car dealers actually make a profit of 3.8% on any new car sold and much lower on used car. Perhaps unsurprisingly, the study gave an indication that the lack of transparency in the car buying process was the reason for this belief system.

    Nowadays, there is a huge mistrust between dealers and customers. Due to the lack of information and existence of centralized data storage systems which is marred with many faults, customers have many doubts when purchasing a used car. These systems allow room for manipulation of data such as changing the provided date for your own benefit. Also, sometimes the dealer might demand a lower price because he has no idea about the real price of the car as sold in the market. Among others, these are some of the challenges that a dealer will no longer face once we launch the decentralized vehicle database.

    Vinchain will give access to authentic information about all the cars so that all providers have transparency on the vehicle records. Because of the Blockchain technology, the information can be accessed by multiple users from anywhere in the world but can never be altered or deleted. With the help of Vinchain, a dealer will be able to accurately determine the market value of the car. He/she will be able to provide full information about the car when selling it, so that the customer will not have any trust issues. Vinchain creates transparency in the car buying process. As a result in a medium-term perspective, this is a winning strategy for building loyalty among consumers.

    Add to our TWITTER | FACEBOOK | TELEGRAM and get involved online by using the hashtag #vinchain
    #vinchain #ico #vehiclehistory #Blockchain #decentralized #vehicle #altcoins #news #cryptocurrency



  • TWITTER | FACEBOOK | TELEGRAM | BLOG | MEDIUM | WEBSITE | WHITE PAPER | BITCOINTALK | BOUNTY THREAD | GITHUB

    Why are we making an ICO project?

    ICOs are the best and quickest way that start-ups are raising capital in the blockchain industry. ICOs are like IPOs (Initial Public Offering) which is an event that a company opens up its shares to be traded by investors in the public. Just like the company puts up its shares for sale to the public in IPOs, new projects trade their crypto-tokens for bitcoin and ether in ICOs. Quite a number of start-ups have been able to raise an unjustified amount of capitals. Moreover, ICOs also open up a new world of opportunities.

    Vinchain plans to take the opportunities that ICOs offer. An ICO (Initial coin offering) is a great way to see if our project will actually find a feedback from people. It’s a great way to find out if it will be a demand among others and if people understand the concept the way we do. Most importantly, ICO is a good way for any startup to collect money on the project as it's easy to invest through it where there can be lots of investors.

    An ICO is a brilliant idea for startups as they usually don't have a huge budget as it does not require any spending at the beginning. All you need is a great idea and a business plan that people will want to support and will believe in. We believe that Vinchain can significantly change the industry and help the automotive business to develop in a way that there is a new level of understanding between customers and dealers. Therefore, creating an ICO opens up the door to the people in the automotive business to contribute to the development of our project.



  • The next conference we participate. Moontec 2017

    Being the largest conference that appreciates the growth of cryptocurrencies and blockchain technology, Moontec 17 is the ideal platform to further launch our project. Every year since its establishment in 2014, Moontec 17 has given a chance to top 10 start-ups to pitch their idea to investors through the Moonrise Festival. Well, this year we were shortlisted and made to the top 10 candidates. Therefore, we are going to participate in the Moonrise 2017 startup competition.

    Moonrise is the key blockchain startup competition in Northern Europe. This year, it’s hosted in Tallinn, where leading blockchain experts are gathering for the annual Moontec conference. The main agenda of this conference will be to discuss the hottest questions around cryptocurrencies, DLT, blockchain and their implementation in various industries. Their aim is to find the most innovative early-stage blockchain startups and connect them with a global network of investors to provide them with both financial and business support.

    This year 2017, the conference will be held on the December, 5. It is organized by Moontec 17 which is the largest conference in Northern Europe, devoted to cryptocurrencies, blockchain technology and its implementation in various industries. We are excited because we will be interacting with some of the brightest minds from various parts of the world, who are eager to drive the industry further just like us. At the conference, the main audience will be people and companies interested in the blockchain technology and its implementation in existing business processes.

    The Moonrise startup competition will be proudly hosted in Tallinn – the capital of Europe’s innovative technology. Follow our news to know how we perform on the stage among other top 10 startups. Don’t miss our success!

    Add to our TWITTER | FACEBOOK | TELEGRAM and get involved online by using the hashtag #vinchain
    #vinchain #ico #vehiclehistory #Blockchain #decentralized #vehicle #altcoins #news #cryptocurrency



  • VINChain Private Token Pre-sale for early investors has started

    We are glad to announce that VINchain closed pre-sale for early investors has started today! Our project has successfully implemented the blockchain technology into the decentralized vehicle database. The past few months have seen us forge partnerships with people who see the project just like us. We have answered the questions people had about our project while interacting with the business community. Through the social platforms, VINchain has engaged in conversations with interested parties who understand the problems that a decentralized vehicle database would solve. As more people grew more interested, we decided to launch a closed Pre-sale for early investor before the ITO.

    Time couldn’t be any accurate for you to buy the VINchain tokens. What’s more, the process of buying is only for the early investors. The tokens are limited so only the early birds will get a piece of this cake. Those who have subscribed will receive a discount for their purchase. To take part in a closed pre-sale you can join it through our website https://vinchain.io/

    During the period from November 23 11.59 UTC till December 1 11.59 UTC you have the opportunity to purchase 10 000 VIN tokens at a price of 1 ETH with a minimum participation amount of 1 ETH. The maximum number of available tokens is 12,500,000.

    Hurry up! The number that is offered in a pre-sale is limited!

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io



  • Check out one more article about Vinchain!

    Why Decentralized Data Storage System Is Important in the Automotive Business:
    https://www.cryptocoinsnews.com/decentralized-data-storage-system-important-automotive-business/

    📢 We are reminding you that our closed pre-sale has already started so you can get Vinchain Tokens with 50% off‼️ Simply register there: https://vinchain.io/register
    ❓There are also some instructions there: https://vinchain.io/instructions



  • Feel free to ask any questions. Give us a trial as hard as you can. It will make Vinchain better! 👍



  • Alex was interviewed on why he thinks VINchain is a decision that is able to change the automotive industry.

    Alex Miles is the CEO of VINchain project and the marketing strategist with specialization in brand development. He is a person who believes that VINchain is able to change the whole automotive industry. And here is why:

    Why do you think, VINchain project will be helpful and useful in an automotive business?
    VINChain will create a decentralized marketplace for used vehicle information. This will create transparency in a market that desperately needs it. The entire history of a vehicle will be easily accessible to any individual.

    In your opinion what are the biggest benefits of using VINchain?
    The biggest benefit of using VINChain is to know exactly where you are getting your information from because it can all be traced back to its source. It creates something that has never existed before which is transparency and accountability in the Automotive Industry.

    How will decentralized data storage systems solve the problem with inaccurate information?
    Decentralized data storage systems will solve the problem of inaccurate information by accurately identifying any and all discrepancies. Since no data can be hidden or suppressed, a decentralized data storage system is the ideal solution. Moreover, the data cannot be altered, so the consumers can feel reassured that they are seeing the truth about the vehicle.

    Why do you think that such a technology can change the industry itself?
    This technology opens up the industry for disruption because it creates a system where no trust is necessary. Consumers don't have to go through an intermediary in order to acquire services. With VINChain, consumers get their data straight from the data provider.

    Just to remind
    During the period from November 23 11.59 UTC till December 1 11.59 UTC you have the opportunity to purchase 10 000 VIN tokens at a price of 1 ETH with a minimum participation amount of 1 ETH. The maximum number of available tokens is 12,500,000.

    Hurry up! The number that is offered in a pre-sale is limited!

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io



  • The Results of Used Car Week 2017

    In the past week, Vinchain was at the conference that was held was one of the biggest of its kind. The conference was held during the annual Used Car Week of 2017. The event was widely attended by shareholders, professionals within the industry and experts from all over the world. During this time, representatives from Vinchain made numerous presentations to the audience regarding the current project.

    The CEO, Mr Alex Miles was also in attendance and was able to interact freely with various parties in the automotive industry. He explained the finer details of the project, answered questions from numerous parties and also explained what the corporation seeks to achieve with the project and exactly how they are going to get it done.

    One of the highlights of the event was the discovery of the blockchain ability to store data. A lot of people were unaware of this development and did not think it would be possible. The conference also created a platform for contracts and agreements to be made between Vinchain and associated corporations in the industry. The only thing that is left is to communicate with these corporations, honour the contracts and begin working towards a better and brighter future.

    Just to remind
    During the period from November 23 11.59 UTC till December 1 11.59 UTC you have the opportunity to purchase 10 000 VIN tokens at a price of 1 ETH with a minimum participation amount of 1 ETH. The maximum number of available tokens is 12,500,000.
    Hurry up! The number that is offered in a pre-sale is limited!

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io



  • Stan Polozov - Our Outstanding VinChain Adviser

    Stanislav Polozov is a Blockchain Implementation Specialist, another adviser who joined us from Emercoin group. He graduated from Kiev National Taras Shevchenko University in 1991, where he obtained a Master’s degree in Molecular Genetics. From 1998 to 2001 he was working on the project The Bat!. The Bat! is a shareware email client, developed by Ritlabs. Due to his excellent work as CMO of a project, The Bat! became so popular in Russia and in all the world.

    By 2007, he was working as Team leader of Smart House department at TMM Real Estate Development, Plc. In 2009, he joined Angelico Biotechnology Investment Fund as a Partner to be in charge of scientific due diligence and collaboration, initiating and closing deals worth a total of $70 million. He was working as an advisor.
    In 2005 he founded and established Comforta Ltd. to provide homes and buildings with automation services. In a very short time, Comforta Ltd. became a leading home automation integrator in Saint-Petersburg and the North-West region of Russia. In 2013, Polozov sold the company at a healthy profit.

    2009 saw the advent and establishment of another company, Highcross Automation. The idea behind the company was to create smart-house equipment which would use the most common Ethernet networks and the most common TCP/IP as a native transmission media. In other words, to create devices that would be compatible with anything possessing an Ethernet jack. Within just a few years, Polozov and his team have designed and released a wide array of products, operating in many homes and businesses all around the world.

    In 2014, he co-founded Emercoin, a leading blockchain platform with a unique set of implemented features. Some of the innovative services he and his team have developed include, but are not limited to: offering secure network management and password-less authentication to internet users, trusted Timestamping for all types of intellectual property and digital data, alternative internet domains, and the ability to develop custom tools on the Emer blockchain.
    Polozov has an accomplished career in the technology industry, and likes to be on the cutting edge of advanced technologies, both in the hardware/software and medicine fields.

    Just to remind
    During the period from November 23 11.59 UTC till December 1 11.59 UTC you have the opportunity to purchase 10 000 VIN tokens at a price of 1 ETH with a minimum participation amount of 1 ETH. The maximum number of available tokens is 12,500,000.

    Hurry up! The number that is offered in a pre-sale is limited!

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io



  • Oleg Khovayko – Remarkable Adviser for Splendid Project

    Oleg is a Cryptography and Financial Expert who has much achievement to his name. He is a role model to several youngsters in the Cryptography and financial industry. He was recently appointed the New Adviser of Vinchain Project due to his emeritus achievements.

    Oleg is a holder of Masters of Computer Science which he earned from National Research Nuclear University in 1994. He was appointed to work as the Software Engineer at Digital Equipment Corporation. There, he designed and implemented object library for procedures emulation. He later proceeded to work at Banking Teams Group before working as a Programmer and System Integrator at Ankey. In 1998, he started working at Informax.inc. before he chose to work for National Center for Biotechnology Information (Bethedsa, MD, USA).

    Oleg has made huge impacts in the field of Engineering, Cryptography and Finances. He worked for PubMed Search Engine for ten years before joining the National Center for Biotechnology Information. He worked on the Fidelix XPS Advanced Threat Defense Products making sure that they serve their purposes. His effort also increased Parser performance by ~10% after rewriting a couple of low-level functions. In 2010, he became the Vice President of Jefferies Company and one of the great members of Emercoin team.

    He has a strong background in the realm of finance. He also specializes in the technical aspects of Blockchain and Cryptography. With his strong background, his pieces of advice will help us reach new possibilities.



  • Time-Sensitive Decentralized Vehicle Database

    Ideally, when a customer wants to buy a used car, he or she must ask for the car history before agreeing to the purchase. In a bid to close a deal, many of them have ended up buying poor quality or stolen vehicles. However, the automotive industry has tried to curb these growing concerns and created portals where customers can ask for such information.

    Even so, customers still face a challenge when doing this because they have to deal with a lot of agents when applying for information with the help of other companies. To get the information about the car, other companies will need to contact all the previous owners and dealers. Because the information gets transferred from one part to another, it might be misrepresented altered or deleted in the process. This leads to the incorrect information and lots of possibilities to fabricate data. Moreover, it also takes a lot of time and if needed, the customer will not be able to check the efficiency of information.

    However, with the help of our project, this problem will be solved. Customers will directly contact the provider and get all the information. As long as it all stored in one system, with the help of blockchain technology, it's impossible to change it. You can see all the origins of data and it’s an easy, safe way to know everything about your vehicle.



  • Start of Vinchain token pre-sale

    We are happy to announce that our pre-sale starts today on the 1 of December and will be held till 24th of December. Over the past few months, we have worked with different partners to ensure the success of this event. Many people see our idea the way we see it hence the project has attracted a lot of investors both locally and internationally.

    That said, to take part in our pre-sale you need to go to our web-site and press join to start the registration. It’s an amazing opportunity to buy our tokens now as you will get bonuses and discounts. The faster you buy the more benefits you get. If you are interested and willing to participate, there are no restrictions or any special condition to become a member.

    During this period 12,500,000 tokens will become available for placement. Hurry up to buy our tokens. First million tokens will be sold with 1 ETH - 10.000 VIN, from 1 000 001 to 5 000 000 tokens will be sold with the price 1 ETH - 8570 VIN and then from 5 000 001 to 12 500 000 you will get 7500 VIN for 1 ETH.
    Start investing in our project now and you will receive all the privileges of an early investment and also help us to make our project more successful.

    Hurry up and buy Vinchain tokens with a better price!
    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchain.io
    Facebook: https://www.facebook.com/vinchain.io/
    Twitter: https://twitter.com/VINChain.io



  • Second place in Moonrise 2017! Wow!

    We just found out that we took up a second place there! We are so glad! Alex Miles, our CEO, had a pitch via Skype. Thank you, Moontec.

    The link to the event: http://moontec.io/moonrise-2017/



  • Vinchain at the Cryptospace Moscow Conference

    We are glad to announce that we are going to the Cryptospace Moscow conference this Friday. This event always accommodates 30000 participants from more than 30 countries. This conference will be held on the 8 of December at the Moscow School of Management Skolkovo. We are privileged to be among the people who will be attending it.

    Most speakers will be presenting in Russia for the first time. The event is going to be the biggest blockchain conference in Eastern Europe. The conference will be attended by representatives of crypto funds, crypto-exchanges and block business entrepreneurs with a world-wide reputation. It will be a good opportunity for Vinchain to interact with these great minds and share our project’s motive. Doing this puts us on the international platform where many other investors can know about our project.

    The conference will be opened with the speech of one of the most authoritative leaders in the field of blockbuster affairs, William Mugayar. He is an influential personality who knows how to capture and maintain the attention of the crowd. We look forward to sharing a stage with him and many other influential people.
    We are also looking forward to gain new experience and knowledge from our colleagues. We will be there for all day answering questions and spreading information about our project. We would like to invite you to support us by watching the whole event. See you all there.

    Just to Remind
    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain



  • How Safe is the Blockchain of Emercoin to Store the Entire History?

    Founded in December 2013, Emercoin continues to rise up the ladder as one of the leading giants in the Cryptocurrency and Blockchain platforms. Being a Start-up company, VinChain wants to create a decentralized database with records of all about vehicles on a budget. As such, we needed a Blockchain system developer who could offer a full bouquet of services so as to cut the costs. Having implemented successful blockchain services in the past, we settled with Emercoin. It not only offers digital currency platforms but also an array of blockchain services for both business and individuals. But just how safe is it?
    Emercoin has used the Blockchain technology to create many decentralized applications. Every application maintains a certain level of innovation which is why EmerCoin (EMC) continues to move forward at an amazing rate marking one milestone after the other completed. To remain unique and trustable, EmerCoin is powered by the decentralized system which securely holds important information. Therefore, Emercoin will be able to store and transfer important information on identity& ownership of automobiles. Other users will also be able to get the vehicle records from all parts of the world. The service will be available round the clock hence very convenient and reliable.
    Emercoin is blockchain platform for wide range of distributed trusted services. Such services include Magnet, InfoCard, and EMCDPO which have been very effective. With Emercoin on our team, our project’s incubation period has been shortened. It is the safest and most reliable blockchain platform that is necessary to help VinChain develop a decentralized vehicle database.

    Just to Remind
    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register
    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain



  • Roger Crook – Our New Valued Advisor

    Roger is an entrepreneur, disruptor and independent strategic advisor in FinTech, LogisticsTech and Logistics including blockchain/cryptocurrencies. He is CEO Capital Springboard in Singapore, strategic advisor to private equity in Europe and Asia and a board advisor to several startup companies in Americas, Asia, and Europe in FinTech and Logistics Technology with a focus on disruption. He was formerly a Member of the Board of Management, Deutsche Post AG (DeutschePost DHL a Dax 30 listed company) and Global Chief Executive Officer, DHL Global Forwarding & Road Freight Division from 2011 until 2015. The division had revenues of around €15 billion, with approximately 45,000 employees and operated in more then 200 countries and territories. He was also the global sponsor of DHL’s Life Sciences sector.

    Prior to this role, Roger was the CEO of DHL Express Asia Pacific, Eastern Europe, Middle East and Africa Region with 129 country markets, and at the same time he was Global Head of Sales and e-Commerce for DHL Express (based in Asia). He was also a member of DHL Express Global Management Board. Before this Roger was CEO of DHL Express Americas, based in the USA. With close to three decades of operational responsibilities in the logistics industry, Roger has significant global, regional and local general management and commercial experience. He has lived and worked in the three key continents in multiple countries.

    He was employed in the Deutsche Post DHL Group from 1988 and has successfully worked in North and South America, Europe, Middle East, Africa and Asia. Roger was the also the innovator behind some successful global businesses units like the Express Logistics business and the Global Customer Solutions unit, which is responsible for the most important customers across Deutsche Post DHL.

    Roger has extensive business experience in China visiting on multiple occasions and doing business in China over last 25 years.
    Roger is a British citizen. He holds a bachelor’s degree in Engineering as well as a master’s degree in Business Administration.

    Just to Remind
    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain



  • We are happy to announce that all day long we have been at the Cryptospace conference 2017 in Moscow chatting with potential investors and different people who are interested in working with us and providing different services that will help to develop our project. We were talking about our project, answering questions, explaining all the details and technologies. So many people came to our stand, and we was extremely glad to know that all of them see great potential in our project. We have exchanged the contacts and will be working on developing close relations between us.
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  • Andrei Krainik – Our Brilliant Strategic Partner

    Project VinChain has announced the addition of Auto Inspect LLC and EasyExport Chief Executive Officer and Founder Andrei Krainik to its roster of strategic partner. Krainik, who joined Project VinChain in October, is well known in automotive salvage circles and has nearly 15 years of experience guiding Auto Inspect LLC and EasyExport.

    The purpose of Project VinChain is to create a decentralized, immutable, transparent, secure and reliable vehicle lifecycle repository. A blockchain database, VinChain records all information pertaining to vehicles. For each vehicle, the information accumulates during the entire period of use. This history is transparent and accessible to everyone.

    According to Krainik, Project VinChain is an attempt to resolve the issue of asymmetric information in the arena of buying used vehicles.

    “Ultimately, if the issue is not resolved, we are in danger of seeing the entire used car market disappear,” Krainik said. “Without full transparency for buyers regarding the vehicles they are bidding on, good sellers and quality vehicles will dwindle until both are gone. With Project VinChain, we have the opportunity to rectify this issue before we reach and fall off of the proverbial cliff.”

    After earning his bachelor’s in engineering from the Belarusian State University of Informatics and Radioelectronics in 2000, he founded Auto inspect LLC, and EasyExport. EasyExport ranks among Inc. 500’s Top 10 companies with annual turnover of more than $45 million. While EasyExport offers individuals the opportunity to purchase salvage vehicles without a license immediately upon registering via Copart Auto Auctions throughout the U.S., Auto inspect LLC allows individuals to determine whether the used car they are considering purchasing has had major repairs or has been in an accident that will not make it worth purchasing.

    Just to Remind

    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain



  • Cryptospace 2017 in Moscow! Vinchain Team Successful Results

    Now as you may already know, Cryptospace conference is one of the largest platforms that support blockchain technology and cryptocurrencies. Every year, they host approximately 30,000 participants from 30 countries. This year’s event took place on 8th December and we were part of the participants. Last Friday, we had such a great time at the conference in Moscow.

    It all started early in the morning and lasted till late in the evening. We met so many experienced people who were interested in our idea. What’s more, investors are really interested to be a part of our project after the presentation. We showed them how to take part in the presale by signing up in our website.
    During the whole conference, our stand was never empty. We had so many people come to talk to us throughout the day. We did not hesitate to answer the questions while telling them about our project and what we are going to do. We were extremely happy about such a great feedback that we had during this day. So many people told us that they are interested in what we are doing and that they found our idea highly perspective. We also exchanged contacts and are looking forward to communicate with our future partners and investors.

    Just to Remind
    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain



  • Car History Scams and How to Avoid Them

    Cases of people being scammed for their car history are on the rise. The reality is that it can happen to anyone who decides to sell a car. Once you post an ad on the internet on any site, you become a target for them. If you are lucky, you will get an honest buyer. However, most of the times especially on sites such as Craigslist and Oodle, you are likely to get a scammer posing as an ‘interested buyer’. The interested buyer will find a way to make you pull up your car history from some website that they refer you to. The ultimate goal for the scammer is to get you to the site of which they get a commission from the lead. Once that’s done, they pretend to have changed their mind after you’ve bought your car history from their site.

    And that’s not all. Many of the existing companies that provide data about used cars are also caught in the web of this violation of the law. Such a company is Carfax which is one of the biggest commercial suppliers of vehicle history reports to individuals and businesses on used cars. Carfax has always claimed to have information about the accidents for all the 50 states in the US. However, in 2006 it turned out that they were not able to check the information about accidents in 23 states. Even though the lawsuit was settled in May 2007 in the Trumbull County Common Pleas Court in Ohio, the fight against car history scams still continues. Carfax representative revealed that more than 10 million consumers were affected. The company asserts that it has major accident information from all 50 states and it backs up its claim with a buyback guarantee. The settlement in the West v. Carfax, Inc lawsuit was overturned and the lawyers for the class never pursued the case after that.

    These are some of the problems Vinchain will solve through the decentralized vehicle database. With the help of this blockchain system, such situations are impossible to happen due to the decentralized system and absolute clarity of information.

    Just to Remind
    Our token pre-sale started. You can grab some by registering there: https://vinchain.io/register

    To know more about our project you can check our social media:
    Telegram: https://t.me/vinchainio
    Facebook: https://www.facebook.com/vinchainio/
    Twitter: https://twitter.com/VINChain_io
    Blog: https://vinchain.blogspot.com/
    Medium: https://medium.com/@VINChain