BlocVehicle
BlocVehicle
Token: VCL


Your data is yours. You can share your car with around the world. Make money with your car. Let your car work for you.

PreICO dates
Start date: 2018-08-15
End date: 2018-09-14

ICO dates
Start date: 2018-09-20
End date: 2018-10-31

Registrated in: Singapore

Platform: Ethereum

PREMIUM ICO

BlocVehicle categories
Business services Infrastructure Platform
BlocVehicle whitepaper
Video
BlocVehicle token sale
KYC passing required Yes | Whitelist No | Restriction for countries No
Soft cap 2,000 ETH
Hard cap 49,333 ETH
Tokens for sale 400,000,000
Token distribution in ICO
40%
40%
Price 1ETH = 5000VCL
Price in PreICO 1ETH = 8500VCL
Acceppting ETH
Bonus in ICO Pre-ICO 70% (18. 8. 15 ~ 18. 9. 14) 1 ETH – 8,500 VCL (5000 VCL + 3500 VCL) Step 1 50% (Untill 13,333ETH) 1 ETH - 7,500 VCL (5000 VCL + 2500 VCL) Step 2 25% (Untill 16,000ETH) 1 ETH - 6,250 VCL (5000 VCL + 1250 VCL) Step 3 0% (Untill 20,000ETH) - 1 ETH - 5,000 VCL (normal price)
Combining blockchain technology with the automotive industry, BlocVehicle is expected to bring great change to the economic ecosystem of the automotive service industry. 
BlocVehicle enables users to store and retain data on their own cars, motorcycles, campers and sailboats in a blockchain-based public ledger, and like what Facebook does, information on their cars will be shared with other users. Thus, a car whose maintenance data is not made public will be considered being in poor quality, which is unworthy of purchase.
BlocVehicle will create the world's best trading service platform for the used car market, offering a transparent and equitable P2P trade system based on automotive maintenance data.
Moreover, BlocVehicle will embody the model of a sharing economy in the automotive industry. As part of its plan, an “Airbnb for cars“ service platform will be provided, allowing anyone to lease a car to residents of the same region or travelers and earn money through P2P trade.
BlocVehicle will cooperate and coexist with automotive service providers rather than compete with them. By connecting them to the BlocVehicle Network, technical support will be provided to ensure the innovation of their business models for compatibility with blockchain.
The mission of the BlocVehicle Team is to build a decentralized blockchain-based open network that allows all users to store their automotive history in a public ledger and freely access and distribute the data via the network.
The data, produced under qualitative and quantitative methods, will be integrated and stored in a blockchain-distributed ledger. The qualitative data refers to the photos and video clips of automotive lifestyles produced by Smartphone apps; while, the quantitative data are more specialized automotive lifestyle records produced by auto repair centers, insurance companies and third-party APIs.
Users will have full ownership of their automotive history data that they create. Those who wish to obtain these data must acquire prior approval and give reasonable reward to data owners. In addition, off-blockchain storage will be set up for data backup and other purposes that will present more opportunities to users.
By issuing its own cryptocurrency vehicle (VCL) tokens, BlocVehicle will form an economic ecosystem in the network, and those who contribute to this will receive VCL tokens commensurate with their contributions such as data production. The tokens are only a medium of reward to pay for all services provided within the BlocVehicle's ecosystem, and they will further be used as means of payments for car repairs, insurance and other automotive purposes outside of the ecosystem.
BlocVehicle news, social
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Random whitepaper excerpts

TABLE OF CONTENTS
Introduction
…………………………………………..…………………………..………
..03
1. Goal of BlocVehicle
…………………………………………………….…………….04
1.1. Mission of BlocVehicle Team
……………………………………………....……….04
2. Blockchain! New Ecosystem of Automotive Service Industry
…………….…
06
2.1. Production and Possession of Vehicle Data
…………………………………..…
..07
2.2. Future Used Car Market on P2P Networks
…………………………………..……0
9
2.3. Future Car Sharing Market on P2P Networks
…………………………………...
..10
2.4. Change in Conventional Used Car Market
………………………………………
..12
2.5. Change in Conventional Market for Car Sharing Services
………………...……
.13
2.6. Automatic In...

Introduction
The world is seeing the emergence of a hyper-connected society in which digital
technologies connect a person to other people, people to things and online to offline.
Without space and time constraints, people can share their lives through Facebook,
YouTube and Twitter and make friends there. In addition, a new concept of the
economic environment has been created among individuals as their private lives are
connected to networks.
Today, who can imagine life without the internet? The problem is that the information
produced by the web and the economic wealth produced from it are being
monopolized by big corporations like Facebook, Google and Twitter. People also pay
a lot of money to intermediary agents to manage their financial transactions.
Suppose the systems of these internet platform providers and intermediary agents
are hacked. Severe damage to service users will ensue. This indicates the need for a
new technology with a decentralized system and a P2P transaction method req...

1. Goal of BlocVehicle
Combining blockchain technology with the automotive industry, BlocVehicle is
expected to bring great change to the economic ecosystem of the automotive service
industry.
BlocVehicle enables users to store and retain data on their own cars, motorcycles,
campers and sailboats in a blockchain-based public ledger, and like what Facebook
does, information on their cars will be shared with other users. Thus a car whose
maintenance data is not made public will be considered being of poor quality
unworthy of purchase.
BlocVehicle will create the world's best trading service platform for the used car
market, offering a transparent and fair P2P trade system based on automotive
maintenance data.
Moreover, BlocVehicle will embody the model of a sharing economy in the automotive
industry. As part of its plan, an
“Airbnb for
c
ars“ service platform will be provided
allowing anyone to lease a car to residents of the same region or travelers and earn ...

2. Blockchain! New Ecosystem for
Automotive Service Industry
In this hyper-connected society, people can be connected to each other online at
anytime and anywhere. In 2007, the emergence of the Apple iPhone spread the use
of smartphones in society and expanded online accessibility. Without the constraints
of space and time, people can share their lives and make friends through Facebook,
YouTube and Twitter. Furthermore, Airbnb offers travelers an estimated one million
rooms in over 34,000 towns in 190 countries. In light of this, blockchain technology
will be increasingly applied to more fields such as finance, logistics, health care, and
public and tourism services, creating a new P2P economic ecosystem.
By applying blockchain technology to the automotive service industry, BlocVehicle will
ensure that:

Any person can store and share data on his or her personal automotive
history with others via a blockchain- based public ledger

The problems of asymmetric infor...

2.1. Production and Possession of Vehicle Data
Blockchain will change the way of vehicles are evaluated. Reports from experts on
automotive evaluation will be rendered meaningless; instead the collective
intelligence of network participants will dominate the evaluation mechanism.
Facebook is the best example to explain this trend. By seeing photos and video clips
of other people's lives, users of Facebook get to empathize with them and build trust
and friendships with them. In other words, only through sharing
one’s
lifestyle history
can trust be built among people.
Just like Facebook, BlocVehicle will produce data on automotive maintenance. Users
can store and possess photos and video clips showing how their cars have been
managed through blockchain and share them with others.
2.1.1. What is Vehicle Data?
Vehicle data is
information on a vehicle’s
lifestyle history.
Vehicle data includes any photo and video clip of
a vehicle’s life
and i...

2.1.4. Reward for Production of Vehicle Data
VCL tokens will serve as rewards for production of vehicle data.
BlocVehicle has a VCL token pool specifically designed for rewarding producers of
vehicle data. Thirty percent of all tokens issued will be assigned to the VCL token
pool over a period of 30 years. This reward policy seeks to encourage higher
participation in the network and improve the network's economic ecosystem. The
reward amount and method have not been decided, yet simulations will be conducted
in the decision-making process. Unlike Bitcoin, measures for mining VCL tokens will
not be available.
8 |
28
...

2.2. Future Used Car Market on P2P Networks
Through blockchain technology, vehicle data will serve as reference for evaluating
used cars and ensure transparent and fair P2P transactions. BlocVehicle offers its
Vehicle Dealer Service through which people can trade used cars on P2P networks.
2.2.1. Problems in Used Car Market
The used car markets of the U.S., China, Japan and Korea are worth KRW 250 trillion,
100 trillion, 50 trillion and 25 trillion, respectively, showing the tremendous scale of
the markets.
Korea has nearly 200 online shopping malls for used cars. To prevent unscrupulous
trade by dealers through loss leaders and false offerings, a few shopping malls
perform verification of dealers by checking their real names, certificates, credit cards,
mobile phone numbers and IDs issued by car dealerships. Yet this has failed to
eradicate public distrust in the used car market.
Another problem is that such shopping malls do not provide data on the maintenance
history of used cars. ...

ecosystem healthy. The fee remains undecided; simulations will be conducted in the
decision-making process.
When a match between a seller and buyer is achieved, both parties will meet offline
to
transfer the vehicle’s title
. Upon completion of the transaction, the seller should
transfer the vehicle
’s
data to the buyer through the Vehicle Dealer Service. Payment
for the sale can be made either in cash or VCL tokens.
The Vehicle Dealer Service ensures fair trade by automatically storing all details of a
used car transaction in a blockchain-based public ledger. In addition, motorcycles,
campers and sailboats can be bought or sold this way.
2.2.3. Expected Effects

No high service charges paid by sellers to used car dealers

Quick check of quality of used cars by buyers through vehicle data

Time and cost saved by buyers by avoiding vehicles violating the Lemon Law.
○ Transparent
and fair transactions for buyers and s...

BlocVehicle Roadmap

1
Dec. 2017
Started project.
2
May. 2018
Published white paper.
3
Jun. 1, 2018
Started pre-sale of tokens to early investors.
4
Aug. 15 - Sep. 14, 2018
Pre-ICO.
5
Jul. 1 - Sep. 30, 2018
Complete BlocVehicle's logical system diagram. Complete H/W and S/W logical diagram & development methodology.
6
Sep. 20 - Oct. 31, 2018
ICO.
7
Q4. 2018 - Q1. 2019
Form promotional & regional partnership for Asian market.
8
May. 2019
Complete 1st vehicle system.
9
Jun. 2019
Form promotional & regional partnerships for U.S. & European markets.
10
Q1. 2020
Complete 2nd vehicle system.
11
Q1. 2020
Complete 2nd vehicle system.
12
Q3. 2020
Complete 3rd vehicle system.
Changha Lee
Changha Lee BlocVehicle CEO and Co-founder CEO at Banet Information Technology

KJ Choi
KJ Choi BlocVehicle COO and Co-founder CEO at COMPASS System

Seongtae Kwak
Seongtae Kwak BlocVehicle CTO and Co-founder CEO at SOFTBase

Sungki Lim
Sungki Lim BlocVehicle CMO and Co-founder CEO at Adweb Communications

Jusung Kim
Jusung Kim Full Stack Developer

Munseok Koh
Munseok Koh Full Stack Developer

Dalsu Byun
Dalsu Byun Blockchain Developer

Changgyun Kim
Changgyun Kim Blockchain Developer

Dongil Kim
Dongil Kim System Manager

Yunho Cho
Yunho Cho Project Leader

Eokgi Lee
Eokgi Lee Blockchain Developer

Seonho Kim
Seonho Kim Blockchain Developer

Juncheol Sin
Juncheol Sin System Engineer

Jaehun Jung
Jaehun Jung Back-end Developer

Eunhee Lee
Eunhee Lee Front-end Developer

Jeehyun Pyun
Jeehyun Pyun UX/UI Developer

Geunhyung Lee
Geunhyung Lee Front-end Develope

Euna Kim
Euna Kim UI Designer

Hyunhee Yoon
Hyunhee Yoon UI Designer

Sooyeon Choi
Sooyeon Choi Chinese Comunicator

Seungchan Lee
Seungchan Lee Communicator

Kyounghoun Ryu
Kyounghoun Ryu Communicator

Jonghyun Shin
Advisors Jonghyun Shin Advisor, Ex- Managing Director at LG CNS

Jeongkun Lee
Advisors Jeongkun Lee Co-Founder and Advisor, CEO at Saltware

NA KUK JU
Advisors NA KUK JU Legal Advisor

Kwangshin Lee
Advisors Kwangshin Lee Accounting Advisor Managing director of Taeyoung accounting corporation

Wonsuk Lee
Advisors Wonsuk Lee Advisor, Professor of computer science at Yonsei University, in Seoul

Hagbae Kim
Advisors Hagbae Kim Advisor, Professor of electrical engineering at Yonsei University, in Seoul

Gyomoon Jin
Advisors Gyomoon Jin Advisor, CEO at EZFARM

YJ Kang
Advisors YJ Kang Co-Founder and Advisor CEO at ICK

Hwanhyo Park
Advisors Hwanhyo Park Blockchain Technology Advisor CEO at Byclip

Giseong Kim
Advisors Giseong Kim Automotive Industry Advisor CEO at Danam Motors

Brian Heo
Advisors Brian Heo Marketing Advisor CEO at Roits.Nine

Seunghee Lee
Advisors Seunghee Lee Marketing Advisor

Seunghee Lee
Seunghee Lee
Marketing Advisor