Carblox is an ecosystem that harnesses, stores and validates vehicle data that aims to disrupt and fix worldwide car industry. At the core it is a decentralized vehicle registry that utilizes blockchain technology, cryptography, IoT and will help to buy and sell vehicles and vehicle related services in transparent, secure and trustworthy manner.
Worldwide vehicle market is amongst the biggest industries in the world and has shown a steady growth throughout past decades
Global vehicle market is being highly affected by middlemen, inefficiency, fraud and end-customer dissatisfaction.
In terms of the business model required in the industry, last year over eight in ten executives believed there would be a major disruption in the near future. Research could suggest we’re in the middle of the change right now.
For all future business models, they’ll need to answer all customer’s worries of losing data for absolutely nothing in return. If we look back just two years ago, around 30% of people were fine with losing data and not seeing any compensation.
Two-fifths (41%) of all consumer respondents reported experiencing at least one problem within a year of buying their second hand car.
Unfair commercial practices were experienced by a significant 25% of consumer respondents.
Only 27% of respondents’ biggest problem was covered by any guarantee.
Up to 10% of сlaims for insurance payments are fraud attempts.
80% of insurance customers are looking for more personalized offers, communications and prices.
Insurance agents and brokers are using generalized calculation methods which are not custom tailored for clients.
World's First network of vehicle marketplaces run on smart contracts and based on the blockchain. Buy and lease, sell and get data on demand on vehicles, insurances etc.
Ethereum is a flexible, reliable and scalable infrastructure that fully implements all the possibilities of the blockchain technology and smart contracts. The smart contract code is stored and executed in a distributed way, which means the guaranteed implementation of such contracts.
The process of entering and accessing data on Carblox is transparent, while the use of blockchain, cryptography, digital signature system and distinct separation of access rights ensures privacy. Your data is only accessible to relevant state authorities and members to whom you have granted access.
All information is stored in encrypted form in distributed storage, while its authenticity is confirmed by cryptographic methods based on data stored in the blockchain, thus guaranteeing the safety, invariability and reliability of the information.
Transactions in the system, whether buying a car or purchasing insurance, are fully transparent and reliable for both sides. Smart contracts guarantee the fulfilment of the parties' obligations, eliminate human error and accelerate the transaction by getting rid of bureaucratic red tape.
Carblox is a decentralized system in all aspects. All layers (data storage, blockchain) do not have a common control centre. All code and data is stored and executed on equal participants of the system (nodes), thus platform development occurs with the consent of all participants of the system.
Operation of Carblox involved many members (car owners and buyers, insurance and leasing companies, car dealers and service stations, state authorities, smart device sub-system). A flexible API allows all participants to integrate their systems to work with the Carblox platform.
Carblox contains a digital double of the car, its full history from the moment of purchase, this information is complete and reliable, its authenticity is confirmed by one of the most progressive technologies of the modern era - blockchain. The buyer knows exactly what he is buying, and the seller receives arguments to justify the price.
Thanks to Carblox, insurance brokers are moving to a new level. All calculations (both insurance premiums and insurance payments) are based on objective data stored in the Carblox. Insurance companies will be able to provide individual insurance products, reducing their risks and the cost of insurance for car owners while saving time of both parties.
The Carblox platform will allow car owners to find repair and maintenance services, all at a reasonable price. To do this, place a request in Carblox describing the necessary work and allowing the service centres to access vehicle information related to its technical condition and maintenance history.
IoT is another innovation used in Carlblox. Information is collected not only by the participants of the ecosystem, but also by means of telemetric devices. Now the data on the technical condition of the car and the manner of driving are fixed, reliably stored, effectively used and beneficial.
Designed to provide services to end-users, such as providing a car history, buying insurance for a car, selling and buying a car.
Designed to directly store the data itself.
It is designed to confirm the authenticity of data from the storage, the organization of the system of internal payments and the implementation of smart contracts.
Intended to integrate third-party services and registry.
There is only one goal for the Carblox team: developing a working vehicle ecosystem that will provide a value return to the token holders as soon as possible.
In the wake of exponentially growing interest in Carblox, we’ve received inquiries from large investors that want to take part directly.
Because of this we thought we’ll open our crowdsale whitelist for major investors with increased bonus. (50% instead of a maximum of 30%)
You can apply for a form below and we will contact you directly and discuss the details.
We honor greatly your interest and want to thank everybody involved.
Check here to confirm that you have read and understand the White Paper.
Check here to confirm that you are not a U.S. citizen, resident or entity (a “U.S. Person”), nor a Singapore citizen, resident or entity, nor are you purchasing Carblox Tokens or signing on behalf of a U.S. Person or Singapore person.