Published on November 14th, 2017 | by bitcoin0
Startup CarFix Plans to Make Cars Safer and Cheaper using Ethereum Blockchain
The team behind VLB Token believes the industry can be quickly transformed into an efficient and transparent ecosystem with the use of this innovative technology.
VLB, or Vehicle Lifecycle Blockchain, is an ethereum-based platform that is expected to improve the current vehicle lifecycle industry, ensuring increased safety, lower costs, and higher revenues.
The project was developed by CarFix, a Russian maintenance and repair platform that was launched in 2016.
The startup has already grown into a major ecosystem that includes more than 500 repair shops, 10 largest spare parts distributors, and leading dealerships.
The blockchain technology can be used to build a single unchangeable database containing information about every car.