ICO Carblox

ICO Carblox

The blockchain is the revolutionary technology that aims at decentralization as a form of security, it is a chain of blocks that in a distributed form effects and stores a financial accounting transaction or a record of a transaction. Each transaction is digitally printed with the purpose of guaranteeing its authenticity and ensuring that no one adulterates it, so that the actual registration and transactions within each block are considered of high integrity.

The Carblox ecosystem is based on the blockchain due to the fact that it generates an intelligent record on the history of vehicles, containing data and accurate, up - to - date and true information. The vehicle 's digital twin is useful for buying and selling semi - new and used, vehicle maintenance services. Users will be divided into two 

categories: those that enter the information in the registry and the ones that will use the information in the registry. Only members listed in smart contracts can enter information. And access to information will only be possible with a digital signature.

The main objective of the project is to create a platform based on the chain of blocks to provide a digital twin of the vehicle, containing information on the use of the vehicle. The record will provide the complete and reliable history of 

a vehicle:

- Manufacturer's original equipment (car model, engine size, etc.);

- Characteristics of the vehicle at a given moment (age, mileage, fuel consumption, etc.);

- Maintenance history;

- History of parts replacement;

- History of all additional equipment installed;

- Technical inspection history;

- Diagnostic results (obtained at the service station or during maintenance);

- History of the owner;

- History of accidents with the vehicle;

- Criminal history of the vehicle (kidnapping, theft, damage, means of committing crime, physical evidence, being tracked, promised);

- Insurance history;

- Data on driving style, emergency calls, vehicle system errors and other information collected using smart telematics, increasingly integrated by vehicle manufacturers.

All information listed will be valuable and useful to different users of the Carblox ecosystem, providing the potential for creating the Carblox community. The storage and handling of information in Carblox will be ensured by modern decentralized technologies: distributed file system (IPFS) and block chain 

(based on Ethereum). The permanence and accessibility of the information in the blockchain will establish trust between the parts of the ecosystem and confirm the authenticity of the information received from the registry.

The economy of the Carblox ecosystem is also based on the block chain. Token Carblox 

(CRX) is an ERC20 compliant token issued based on the Ethereum platform. The smart contracts supported by Ethereum will be actively applied in the part of the functionality where the decentralization allows the anonymity, security and authenticity of the information. The Carblox platform will allow car owners to find repair and maintenance services at a fair price by simply placing a request on Carblox describing the work required and allowing service centers to access vehicle information related to their technical condition and history maintenance.

Accessing the service history and diagnostic data provided by the Carblox ecosystem will facilitate the requested service, accurately estimate the need for the job, the required parts list, and in some cases even diagnose the damage remotely. The registry will allow to avoid risks in relation to repair costs, reducing the cost of the service.

Benefits of the Carblox platform:

Based on the Ethereum blockchain

Ethereum is a flexible, reliable and scalable infrastructure that implements all the possibilities of blockchain technology and smart contracts. The smart contract code is stored and executed in a distribution 

of nodes, which means the guaranteed implementation of such contracts.

Use of smart contracts.

Transactions in the system, whether buying a car or buying insurance, are totally transparent and reliable for both sides. Ensuring smart contracts is the fulfillment of the obligations of the parties, eliminating human error and 

speeding up the transaction, eliminating bureaucratic bureaucracy.

Tokens as the native currency.

The Carblox token (CRX) is used to pay for Carblox services. The token has the standard ERC20 format which is a verified solution that ensures compatibility and ease of integration with third-party services (such as exchanges and portfolios) and the ability to work with smart contracts.

Reliability and validity of information.

All information is stored in encrypted form in distributed storage, while authenticity is confirmed by cryptographic methods based on data stored in the block, ensuring the security, invariability and reliability of the information.

Transparency while maintaining privacy.

The process of entering and accessing data in Carblox is transparent, the use of blocks, encryption, digital signature system and the separation of access rights guarantees privacy. Your data is only accessible to relevant state authorities and members to whom the user has granted access.

Decentralization.

Carblox is a decentralized system in every respect. All layers (data storage, 

blockchain) do not have a common control center. All codes and data are stored and run on equal system nodes.

E-government.

The storage and handling of information in Carblox will be ensured by modern 

decentralized technologies: distributed file system (IPFS) and block chain (based on Ethereum). The permanence and accessibility of the information in the blockchain will establish trust between the parts of the ecosystem and 

Confirm the authenticity of the information received from the registry.

The pre-ICO has already started on November 6, 2017 and will remain in effect until December 6, and the official launch of ICO is scheduled for January 10, 2018 and ends on February 9, 2018.

Carblox is an interactive community that will implement and standardize the automotive industry and trade based on modern block chain technologies, reducing cost, time, failure, and fraud. Join Carblox, and be a part of this automotive revolution.

Website:  https://carblox.io/

Whitepaper:  https://carblox.io/doc/Carblox_Whitepaper.pdf

Facebook:  https://www.facebook.com/CarbloxOfficial

Twitter:  https://twitter.com/Carblox1