Getting and servicing a vehicle never been easier. For more info on auto shop management software free have a look at our web page. From enrollment to insurance and actually selling an auto has been converted by digital solutions. Or has it?

There is still huge room for improvement in streamlining the approach to relationships in the automobile income, car repair, auto insurance and automobile money industries.

So advance, CarFix, issuer of the Vehicle Lifecycle Blockchain (VLB) small, a company that really wants to reshape the $1.8 trillion car lifecycle market by integrating blockchain technology.

In the business's words, it desires to ‘modify the face of just one of the most obsolete industries on earth '.

The company has reported their ICO for the VLB small on 27th December and uses a slew of industries this season which have eschewed VC money, crowdfunding or an IPO to boost money.

The VLB hopes to usher many car lifecycle market people such as car suppliers, sellers, fix shops, insurance businesses, sacrifice parts distributors and others in to a new'era '.

Proceeds from the ICO is likely to be used to develop and implement a blockchain software for the car lifecycle business to create openness and immutability to everything that happens to a vehicle from the moment it comes down the manufacturer ground before the time it's recycled in the junkyard.

The business's technique is to use this blockchain to create a normal preservation job knowledge purged of oppressive bureaucracy and create confidence among repair shop homeowners; a typical remove brought on by confined understanding of the common client about his car.

The automobile fix market is normally riddled with flawed and pointless costs. When consumers use the VLB small for car repairs every one of these fees will soon be avoided.

CarFix says it has created a transactional application program and an ecosystem of repair shops, spare pieces vendors and traders wherever any restoration work is immediately valued with a clear algorithm and can be booked in very similar way as rooms in hotels are reserved.

After 18 months since launch, CarFix has implemented a computer software that establishes fixed charges for all car repairs. Their ecosystem presently encompasses significantly more than 500 repair shops, 10 of the greatest sacrifice pieces distributors, key dealerships and a lot more than 250,000 people that 50,000 are typical paying customers.

That environment is apparently still growing and will undoubtedly be further empowered by the blockchain's primary premises of decentralization and immutability of records. In essence, the VLB small is providing trust to a once-thought ‘trustless; industry.

CarFix's Ethereum-based system offers several advantages to consumers including enforcing guarantees, maximizing the resale value of vehicles, ascertaining the authenticity of sacrifice areas and more precise and cost-effective insurance maintain management.

"VLB streamlines one of the very most old industries in the world when it comes to customer solutions and transparency. We shall develop and utilize it within our extended ecosystem and beyond in a decentralized manner with a distributed system of proof-of-stake nodes.

"We strongly believe which our blockchain engineering may faucet to the $1.8 billion car lifecycle industry to offer consumers with a confident knowledge and create substantial business and cost saving possibilities for market people," claimed Oskar Hartmann, Co-Founder and President of VLB.

CarFix's staff of advisors, contain Sergey Solonin, founder and CEO of QIWI, Alexey Arkhipov, CTO of QIWI and the designer behind MasterChain and Hannes Chopra, former Elderly VP of Allianz Insurance Company.