VinChain
VinChain
Token: VIN


Decentralized vehicle history

ICO dates
Start date: 2018-02-01
End date: 2018-04-15

Registrated in: USA

Platform: Graphene
Type: ERC20

PREMIUM ICO

https://vinchain.io/en Screenshot
VinChain categories
Software Smart Contract Platform Other Internet Infrastructure Cryptocurrency Business services Big Data
VinChain whitepaper
Video
VinChain token sale
KYC passing required No | Whitelist No | Restriction for countries No
Soft cap 3,300 ETH
Hard cap 23,250 ETH
Tokens for sale 600,000,000
Token distribution in ICO
60%
60%
Price 1 ETH = 20,000 VIN + stage bonus
Acceppting BTC,DASH,ETH,LTC
VinChain news, social
VinChain search trends in Google
Random whitepaper excerpts

Contents
The Problem .......................................................................................................2
The Solution: VINchain .......................................................................................3
Project Goals.......................................................................................................7
Project Objectives...............................................................................................7
VINchain Team....................................................................................................8
VINchain Advisors .............................................................................................14
How It Works ....................................................................................................20
VINchain App ....................................................................................................23
Technical Breakdown......................................................................................

The Problem
The problem is captured and explained by Nobel prize winning economist
George Akerlof in his 1970 paper, 'The Market for 'Lemons': Quality
Uncertainty and the Market Mechanism'. In the paper he describes the
mechanics of markets where one party (the sellers) know significantly more
about the product than the other party (the buyers). This is also known as
'markets with asymmetric information'.
The used car market is an example of this. When selling a car, the seller
typically knows significantly more about the vehicle than the buyer. This is a
problem for the buyer as it opens them up to potential fraud. To hedge
against the risk of buying a so-
called ‘bad’ car, they reduce the price they’re
willing to pay for the vehicle. This could lead to the entire used car market to
disappear.
Here's how it happens:
o
A buyer cannot fully distinguish a good car from a bad one, so they
lower the amount they are willing to pay for the vehicle to
compe...

o
This leads to higher priced ‘good’ cars to leave the market,
deteriorating the overall quality of the secondary market.
o
The repercussion is a further reduction in price of available vehicles. As
a result, ‘medium’ quality cars are also pushed out of the market.
o
If the cycle continues the quality of available cars will continue to
deteriorate until the buyers pull out of the market completely. This is
due to the perception that all second-hand vehicles are of poor
quality.
o
As a result, this will lead to the complete disappearance of the market,
and can only be stopped by introducing more symmetrical
information. This is the nature of markets with asymmetric
information.
The Solution: VINchain
A survey conducted among market participants indicated a need for access to
reliable, secure, and transparent historic operational vehicle data.
3
...

The VINchain project fills this need and solves the problem of asymmetrical
information in the used car market by creating a decentralized, immutable,
transparent, secure, and reliable vehicle lifecycle repository.
VINchain is a decentralized blockchain database that records all relevant
information pertaining to vehicles. For each vehicle, a blockchain passport is
issued which will be stored in a distributed registry. VINchain is also capable of
producing reports that can be ordered immediately by buyers, sellers, and
other market participants.
Information about the vehicle is accumulated in the databases of all system
participants (manufacturers, insurance companies, service stations, banks and
leasing companies, dealers, etc.) during the entire period of its use.
The blockchain-passport of the vehicle is connected to the vehicle
identification number (VIN) and placed in the VINchain blockchain system.
This information is transparent and accessible to everyone with access to the
sys...

Every day hundreds of thousands of used cars are sold around the world, and
each buyer wants reliable information about the technical condition of the
car. This is an important safety, security, and financial issue.
Unfortunately, there is no single database of vehicles. Though there are
commercial databases, they do not solve this problem as their information is
stored centrally and there is a risk of inaccuracy. Commercial databases are
closed and do not exchange information. As a result, the buyer of the car risks
their own safety and financial loss.
The VINchain project plans to attract international consulting agencies to the
system audit, which will produce a detailed report of the reliability of the
information provided by VINchain.
The mechanics of the VINchain system work as follows:
-A request for data is received
-The entire chain is searched for relevant data
-Reports are created and provided in a structured form
-Members of the relevant registry receives a fee for ...

complete history of the vehicle may increase the value of the car at the time
of sale.
If buyers know the full operational history of the vehicle, they have a
guarantee that the vehicle retains a certain level of value. The same cannot be
said about a vehicle with no report.
This concept can be demonstrated with the following example: A buyer has to
choose between two identical vehicles: one with a full operational history
report, and one without. In this scenario, the buyer is likely to choose the
vehicle with the full operational report over the other even in cases that the
report indicates past damage and/or repairs. This is due to the report
providing an accurate reflection of the vehicle's history.
Every market participant has the right to know the true history of a vehicle
being sold. The VINchain project will fill this niche to the benefit of all.
In the future, this technology can be scaled to segments of the fixed asset
market such as yachts, construction machinery and real e...

Project Goals
Change the global market of used cars by making it honest, transparent,
reliable, with equal access to information for each participant.
Project Objectives
1
Create a block with different levels of access and information
protection. Data security access level should meet the needs of
government agencies.
2
Unite participants in the automotive industry, such as manufacturers,
insurance companies, dealers, service stations, and developers of
navigation systems into a single ecosystem for data exchange
purposes.
3
Create an infrastructure and provide direct access to the database for
each market participant.
7
...

VINchain Team
Everyone in our team is an expert in their respective roles, with extensive
experience in the automotive industry. Each of us is capable of achieving our
stated goals.
Alex Miles
Alex Miles is a technology enthusiast and blockchain expert
who graduated with honors from Florida International
University

a top ten business school

while studying
management information systems. He was hired at
ABetterBid Car Auctions LLC,
where he quickly rose
through the ranks to the Head of Business Development
role. He quickly gathered achievements by leading a team
of skilled specialists executing content strategy, expanding
operations globally and implementing Bitcoin purchasing.
After garnering experience with the blockchain, he became
an evangelist of the technology and its applications. His
passion for its potential led to the idea of applying the
blockchain to solve problems in automobile purchasing,
based on...

VinChain Roadmap

1
February 2017
Start of the project
2
December 24, 2017
Successfully completed VINchain Pre-ICO
3
January 2018 - April 2018
Development of MVPs: VINchain Vehicle Passport and App
4
April, 15 2018
Successfully completed VINchain ICO
5
May, 2018
Alpha version of the VINchain Blockchain
6
June, 2018
Beta version of the VINchain Blockchain, VINchain API, VINchain blockchain explorer, VINchain wallet, VINchain app and VINchain report.
7
4th Quarter, 2018
Developed the IoT VINchain connected car device. Improved fleet tracking and VINchain app. Partnered with additional data providers
8
2nd Quarter, 2019
Market ready version of the fleet tracking platform and VINchain app. Additional blockchain functionality - custom whitelabeled tokens for large automotive industry partners
9
3th Quarter, 2019
VINchain token payment gateway - ability to purchase VINchain goods and services using VINchain tokens through online portals
10
4th Quarter, 2019
Redevelopment of the VINchain Vehicle Passport. Expansion and integration of the VINchain data marketplace throughout dealer groups in the USA
Alex Miles
Alex Miles CEO. Marketing strategist with specialization in brand development

Andrei Krainik
Andrei Krainik Founder, Chief innovation officer. The founder of EasyExport.us, one of the top 10 companies in the Inc. 500 with an annual turnover of more than $45 million

Aleksey Listopad
Aleksey Listopad CMO. Brought 9 huge projects to the US market as the Head of Marketing at at A Better Bid Car Auctions LLC

Pavel Yeschenko
Pavel Yeschenko Blockchain Developer. Software engineer with more than 5 years of well-rounded experience

Michael Zhalevich
Michael Zhalevich Blockchain developer. Created Tournament Management Systems for online gaming platforms, and integrated systems into games

Alexandr Onyskiv
Alexandr Onyskiv Software Developer. Over 10 years of overall experience in IT fields, analysis, design and development

Konstantine Perzhukou
Konstantine Perzhukou Software Implementation Advisor with more than 7 years of well-rounded experience

Vladislav Vasilchyk
Vladislav Vasilchyk System Analyst with 11 years of experience in engineering and business processes automation

Eugene Koval
Eugene Koval Software Development Advisor. Project Manager with 6 years in the development and integration of software

Ivan Usovich
Ivan Usovich Full Stack Developer. An expert in implementing cutting-edge technologies and solutions, full-stack developer with many years of team leading experience

Sergei Pakhomov
Sergei Pakhomov Full Stack Developer. Managing databases with 338+ million record entries. Currently managing a team of 9

Stacy Denver
Stacy Denver Head of Sales, Bitcoin advocate. Increased monthly sales by 150% in 2012-2013 as the Head of the Sales at A Better Bid Car Auctions LLC

Sergei Shostyr
Sergei Shostyr UI/UX Specialist, Frontend Designer. More than 10 years of experience in the field of design. Over 1000 completed projects

Ethan Clark
Ethan Clark SEO EXPERT. Has 5+ years of experience in creating and executing SEO strategy in automotive, blockchain and construction industry fields in USA

Pavel Zakharevich
Pavel Zakharevich Community Relations. It has been seven years since Pavel got involved in blockchain technology

Matt Carpenter
Advisors Matt Carpenter CFO Audi of America & Audi Canada. He has a great experience in managing the automotive industry and years of working in this sphere

Mark Taylor
Advisors Mark Taylor Currently working at PureCars and responsible for acquiring and managing strategic partnerships with the Automotive Manufacturers (OEMs)

Richard Patterson
Advisors Richard Patterson Serial entrepreneur & innovator with over 35 years experience of founding, managing and growing successful businesses

Ryan Scott
Advisors Ryan Scott Entrepreneur, social impact investor, humanist, philanthropist and online marketing pioneer, legendary for developing and patenting the double opt-in email methodology. After selling NetCreations in 2

Roger Crook
Advisors Roger Crook Entrepreneur, disruptor and independent strategic advisor in FinTech, LogisticsTech and Logistics including blockchain/cryptocurrencies

Hillik Nissani
Advisors Hillik Nissani Seasoned senior executive and advisor with a proven track record of over 25 years across five continents in growing B2B and B2C companies

Hillik Nissani
Hillik Nissani
Seasoned senior executive and advisor with a proven track record of over 25 years across five continents in growing B2B and B2C companies
Marketing Advisor
Strategy, Marketing & Crypto Advisor
Roger Crook
Roger Crook
Entrepreneur, disruptor and independent strategic advisor in FinTech, LogisticsTech and Logistics including blockchain/cryptocurrencies
CEO of Capital Springboard
CEO at Capital Springboard
Business Angel & International CEO
Ex-CEO, DHL
The ex-CEO of DHL
CSO
Advisor
Strategy Advisor
Strategy Advisor
Business Angel, Entrepreneur, Board & ICO Advisor, Mentor, International CEO
Ryan Scott
Ryan Scott
Entrepreneur, social impact investor, humanist, philanthropist and online marketing pioneer, legendary for developing and patenting the double opt-in email methodology. After selling NetCreations in 2
Investor Alignment and Strategy
Entrepreneur, Investor, Philanthropist
Founder and CEO
Richard Patterson
Richard Patterson
Serial entrepreneur & innovator with over 35 years experience of founding, managing and growing successful businesses
Event Promoter
Ethan Clark
Ethan Clark
SEO EXPERT. Has 5+ years of experience in creating and executing SEO strategy in automotive, blockchain and construction industry fields in USA
Marketing Manager
Eugene Koval
Eugene Koval
Software Development Advisor. Project Manager with 6 years in the development and integration of software
SOFTWARE DEVELOPMENT
Vladislav Vasilchyk
Vladislav Vasilchyk
System Analyst with 11 years of experience in engineering and business processes automation
SYSTEM ANALYST
Michael Zhalevich
Michael Zhalevich
Blockchain developer. Created Tournament Management Systems for online gaming platforms, and integrated systems into games
BLOCKCHAIN DEVELOPMENT
Pavel Yeschenko
Pavel Yeschenko
Blockchain Developer. Software engineer with more than 5 years of well-rounded experience
BLOCKCHAIN DEVELOPMENT