Pre-ICO will begin 10 Nov 2017 at 12:00 GMT

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Worldwide vehicle market

Worldwide vehicle market is amongst the biggest industries in the world and has shown a steady growth throughout past decades

Automotive Sector Value
1,010 bn USD*
* Global Automotive Report (06/02/17)
Automobile Insurance Revenue
228 bn USD*
* Automobile Insurance: Market Research Report (08/2016)
Second Hand Cars market
195 bn USD*
* The Used Vehicle Market Report (Edmunds, 02/2017)
Number of cars sold worldwide
from 1990 to 2017 (in million units)
Number of cars sold worldwideNumber of cars sold worldwide

The challenge

Global vehicle market is being highly affected by middlemen, inefficiency, fraud and end-customer dissatisfaction.

Vehicle market
Outdated business model

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.

Data relevance

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.

Used car market
Maintenance frustration

Two-fifths (41%) of all consumer respondents reported experiencing at least one problem within a year of buying their second hand car.

Unfair practices

Unfair commercial practices were experienced by a significant 25% of consumer respondents.

Lack of guarantees

Only 27% of respondents’ biggest problem was covered by any guarantee.

Insurance
Fraud presence

Up to 10% of сlaims for insurance payments are fraud attempts.

Lack of personalized offers

80% of insurance customers are looking for more personalized offers, communications and prices.

Mediocre calculation

Insurance agents and brokers are using generalized calculation methods which are not custom tailored for clients.

Introducing

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.

Based on the Ethereum blockchain

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.

Transparency while maintaining privacy

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.

Reliability and validity of the information

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.

Use of smart contracts

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.

Decentralization

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.

Integration through API

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.

What is Carblox Platform?

Features

Buying a vehicle, worry-free
Buying a vehicle, worry-free

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.

Tailored individual insurance options
Tailored individual insurance options

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.

Vehicle repair and maintenance service search
Vehicle repair and maintenance service search

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.

Tailored individual insurance options
Future is already in your vehicle

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.

Carblox demo

How it works?

Carblox - How it works?
01
Web platform

Designed to provide services to end-users, such as providing a car history, buying insurance for a car, selling and buying a car.

02
Data store

Designed to directly store the data itself.

03
Blockchain

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.

04
API

Intended to integrate third-party services and registry.

Roadmap

Q1
2017
Concept development
  • Idea of Carblox Platform formation
  • Team building
  • White Paper is completed
  • Business plan outlined
  • Advisor partnerships formed
Q2
2017
Prototype development for Carblox Platform
  • Prototype development
  • Development of an end-to-end business process
Q3
2017
Preparing ICO
  • Prototype of the platform is ready
  • Development of smart contract scheme
  • Pre-ICO and ICO preparation
Q4
2017
Token & Development
  • Carblox Token
  • Additional staff recruitment
  • Full-time platform development begins
Q1
2018
Internal alfa
  • Platform development continues
  • Mobile APP development begins
  • Product pre-marketing to end-users begins
  • Internal alfa
  • Beginning of alpha testing
  • Bug Bounties begin
Q2
2018
Platform release
  • Bug Bounty continues
  • Platform Development continues
  • Mobile App Development
  • Platform release
Q3-Q4
2018
API and dedicated Apps
  • API development
  • Dedicated Apps development (manufacturers, dealers, brokers, service stations)
  • Marketing campaign & market participants’ involvement on the platform
Q1-Q2
2019
IOT & AI-based analytics subsystem
  • Telematics interaction API development
  • Beginning of telematics data collection
  • AI-based analytics subsystem development
  • Expansion of Carblox functionality via use of the analytics algorithms
Q3-Q4
2019-2020
E-governance
  • Cooperation with government entities
  • Elaboration of technical, organizational, and legal issues on integration with existing state information systems for the possibility of implementing procedures for registering the right of ownership of vehicles
2021+
Worldwide expansion

The team

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.

Alexander Beck
Alexander Beck
CEO and founder
  • Serial entrepreneur who has previously founded numerous successful companies
  • Had experience in european startup scene as founder and CEO
  • Successful fundraising and venture capital cases
  • MBA degree
  • Tesla enthusiast
Peter Keller
Peter Keller
CTO and co-founder
  • Diverse skill set in IT and software engineering
  • More than 7 years of experience as a CTO and team leader
  • Led team of 50+ software engineers
  • Computer science degree
  • Drives BMW i3
Sabina Ibragimova
Sabina Ibragimova
Project manager
  • Three years of experience as project manager at Accenture
  • Two years of experience for several international corporations as team leader
  • Runs own courses and workshops on management and leadership
  • Drives Mini Cooper
Jack Chi
Jack Chi
Core developer
  • London graduate as software engineer
  • Full stack developer and coding prodigy
  • Have won numerous hackathons
  • Drives Mitsubishi Evolution
David Edwards
David Edwards
Blockchain architect
  • Blockchain technology pioneer
  • Experienced smart contract developer
  • Favourite platform - Ethereum
  • Drives Jaguar XJS
Akira Davis
Akira Davis
Business development
  • Experience in SaaS industry in US
  • Led US based company expansion to SEA markets
  • MBA degree
  • Drives Ford Mustang

Advisors

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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.

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