carVertical cV

$0.0003
Market Cap $ 2.149 MM (#556)
24h Volume $ 6.168 K
Chg. 24h: 1.69%
Algo. score 3.2/5  (#414)
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carVertical project purpose and description

carVertical clarity of purpose

carVertical purpose and aspects

carVertical is a blockchain-based solution that gathers as much information as possible about cars’ history from different sources like centralized country registries, police and Interpol databases, insurance, leasing, claims handling service databases, privately owned registries, paid APIs, other sources and puts it into blockchain registry. We will also create an environment where users are providing us permission to retrieve the data of a vehicle they own. All data that’s in the blockchain registry cannot be changed, faked, rewritten or manipulated. It provides full transparency and builds trust. And most importantly, all car’s history data becomes de-centralized and publicly accessible. This is key element why we chose to execute project as blockchain registry. Any person or company who checks car’s data via carVertical product can be 100% sure that no one manipulated its mileage, all insured accidents are logged and data about the car is as extensive as possible.

carVertical additional differentiation against competition

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carVertical categories

Blockchain as a service

Short description

carVertical is a blockchain-based solution that gathers as much information as possible about cars’ history from different sources like centralized country registries, police and Interpol databases, insurance, leasing, claims handling service databases, privately owned registries, paid APIs, other sources and puts it into blockchain registry. We will also create an environment where users are providing us permission to retrieve the data of a vehicle they own.

Abstract

carVertical is blockchain-based vehicle history registry. We collect large quantity of information from a lot of different trusted sources, organize it in the form of records and store it in blockchain. We then feed this information into our data analysis stack, which, by using machine learning and advanced mathematical models, calculates the real value. Most of our elements will be open sourced and our system will be moving to full decentralization to preserve transparency. We will incentivize and empower users to easily collect and get rewarded for the data they own. They are content creators.

Link to Roadmap: https://ibb.co/fYzDaG
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