Decentralized Vehicle Purchase Platform: Profitability chain is VinChain

What is VinChain?

VinChain is a blockchain database that records all data belong to to vehicles. For each vehicle, the data collects during the whole period of use. This history is clear and reachable to everyone. To protect accurateness of the data, the technology of distributed storage is used. This guarantees absolute reliability and security of information.

Project VinChain solves the problem of asymmetrical information in the
used vehicle market by creating a decentralized, immutable, transparent, secure, and trustworthy vehicle lifecycle repository.

Vinchain is the world’s first non-center international automotive Information Market. The Vinchain team is working to ensure full transparency of a vehicle’s past report.

Every day thousands of used cars are sold in the world, and
each customer wants to have reliable information about the technical condition of the vehicle. This is an important security, financial, and safety issue. Unfortunately, there is no single database of cars. There are many commercial bases information, but they do not solve this problem. Their data is stored centrally and there is a risk of it being incorrect. Commercial bases are closed and do not interchange data between themselves. As a result, the buyer of the car risks their own safety and losing money.

For each car, the platform will issue a blockchain-passport, which will be stored in a distributed registry. The blockchain-passport of the car connected to the vin-code, placed in the VinChain blockchain system, at any time is available to any user and service provider who has access to the system.

Also, the VinChain project plans to attract global consulting companies to the system audit, which will give an opinion and a detailed information on that the vinchain service really provides reliable data. The company conducted a survey among market participants: car manufacturers, car dealers, insurance companies, banks, leasing companies — they all need a history of operation. It should be transparent and accessible, as well as secured and reliable.

It is very clear that this technology can be scaled to adjacent different
segments of the market: ships, yachts, aircrafts, construction machinery, real estate in the near future.

Project Goals

Change the worldwide market of used cars by making it truthful, transparent, reliable and with equal access to information for each participant.

Project Objectives

1. Creating a block with different levels of access and information protection. Information security level must correspond to the needs of government agencies.

2. Uniting the participants in the automotive industry, such as
manufacturers, insurance companies, dealers, service stations,
developers of navigation systems, into a single ecosystem for data
exchange purposes.

3. Creating an organization and provide direct access to the database for each market participant.

How It Works

  • When requested, the information corresponding to the requested VIN
    number will be searched and selected in the blockchain.
    Each record will have information about data provider, date, VIN and the use of the car.

Benefits of using Blockchain technology:

  • Blockchain can store data about vehicle maintenance
  • Chance to adjust access levels for different users
  • Absolute trustworthiness
  • A transparent reward system for data suppliers
  • Chance to work directly with each market participant
  • Protection to network attacks
  • How It Works
  • When requested, the information corresponding to the requested VIN number will be searched and selected in the blockchain.
    Each record will have information about data provider, date, VIN and the use of the car.


  • February​ ​2017:​ ​Concept​ ​development ,
    The founders are studying the blockchain technology’s ability to collect and store information; first prototypes are developed.
  • October​ ​2017:​ ​White​ ​paper​ ​and​ ​project​ ​concept​ ​approval
    White paper issue, collecting feedback from the community, concept and work flow chart development based on the collected data
  • November​ ​23,​ ​2017:​ ​tokens​ ​pre-sale​ ​to​ ​early-stage​ ​investors
  • ​December​ ​1​ ​to​ ​December​ ​24,​ ​2017:​ ​VinChain​ ​pre-ICO.​ ​Pre-ICO
    VinChain will be held from December 1 to December 24, 2017 until the required amount is collected.
  • March​ ​2018:​ ​MVP​ ​testing
    Product testing launched
    Since​ ​March​ ​22​ ​to​ ​April​ ​15,​ ​2018:​ ​ICO​ ​VinChain, ICO launch. The key objective during this period is to sell tokens
    qualitatively and without a hitch.
  • April​ ​16,​ ​2018:​ ​tokens​ ​sale
    Once ICO ends, the procedure tokens will be issued to investors
  • April​ ​20,​ ​2018:​ ​product​ ​development​ ​and​ ​optimization,​ ​release​ ​of​ ​new versions
  • 4th​ ​quarter​ ​ ​2018:​ ​work​ ​finalization​ ​on​ ​VinChain​ ​project.


Pre-sale tokens for early investors
Pre-sales: December, 1–24 12,000,000 tokens will be available for placement with a 3-month sales ban after the ICO expires.
Emissions and sales tokens in ICO.
ICO will be held from March 22 to April 15, 2017.
Available payment methods for VinChain tokens:,

● Bitcoin (BTC)
● Ethereal (ETH)
● Riple (XRP)
● Litecoin (LTC)
● Wave (WAVE)

Available for placement: 600.000.000 token.
Token will be distributed among buyers within 72 hours after the completion of ICO. Maximum investment amount: $ 34,500,000.

As you see below VinChain is the fruit of teamwork in collaboration with professional managers, developers, consultants, marketing professionals who are experienced and experienced in their respective fields.

Support VinChain and Join Us Today…

Team VinChain

For your information please Visit:


Yazar: criptoturk

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