sumurbor: AutoBlock

The AutoBlock provides solutions to some of the major problems of the automotive industry. Through Blockchain technology, a combination of services will digitize financial transactions, improve vehicle rating systems and make vehicle data more reliable and accessible.

Because the process of making such a transformational concept is simple, AutoBlock has divided it into smaller milestones.

Here is the time of all that AutoBlock has accomplished:

Past:

The AutoBlock journey begins in early 2017. The idea for technology came about when inventors realized that a sophisticated system was needed that could streamline the automotive industry. Once the proof of concept is completed and the first investment is made, the head of development is decided.

Progress has been made in the third quarter of 2017, and at the same time White Paper has worked. Finally, before the end of the year, regional offices were established, and more than 300 million data were collected.

Gift:

In the first quarter of 2018, The AutoBlock released an alpha version of the platform, and the development of API Services began. Currently, the pre-ICO phase has been set up with e-wallet and seedling funding. Before officially entering the 4th and end of 2018, The AutoBlock hopes to establish ICO, develop mobile apps, and make services live and available to its members.

The future of AutoBlock:

In the final months of this year, The AutoBlock plans to expand its projects geographically, introduce an alpha version of the payment system, and start development services in the Indian market and in South Africa.

Finally, by 2019, the company will complete the development stage and officially become operational once the shares are allocated, Fiat's currency conversion system will be completed and direct services will be opened for commercial customers.

The second quarter of 2019 marks the end of the first phase in which merchants will start, green car projects begin and development continues in all directions.

Although bitcoin and blockchain technologies are used in a variety of scenarios, the automotive sector still needs to explore growing trends. Fortunately, with AutoBlock determined to provide answers to some of the toughest questions, dealers and buyers can expect to use a system that revolves around them and their convenience.