The valuation of vehicles and easy access to vehicle Data has never been so stress free like now with the creation of Auto Block which will help car dealers, insurance companies and leasing companies have access to accurate documentation of vehicle data to aid their operations in the Auto industry.
A View At Existing Challenges
The Auto industry, though an important industry in the daily life of man, is lacking in proper utilization of data.
The data obtained from them could be beneficial to many industries like law enforcement, governments, auctioneers, insurance companies and also the National car registry but the data is monopolized by the Auto industry.
The data obtained from them, in most cases cannot even be trusted because their operating infrastructure has a lot of loophole which can make easy manipulation of vehicle data possible.
Adopted Solutions And Their Outcomes
The Auto industry innovated themselves and their products by creating new car models that will be able to provide user data that are relevant for interested parties.
Though this move is a good one it is still not feasible because the new car designs produce a lot of data and since there is no standardized system for the collection of the generated data, the data is mostly under utilized.
The Best Solution For The Auto Industry
Auto Block will transform for the better the Auto industry through the utilization of the blockchain technology.
Auto Block will introduce a format which can be adopted to monitor vehicle valuations in real time from any location and to help customers have access to data made available from vehicles and not just having access to them but also understanding what they mean.
Operational Strategies
Insurance Strategy: Auto Block will bring about a comprehensive database of insurance information for vehicles in which insurance companies can refer to in order to single out false insurance claims and this will also reduce their expenses.
Dealers: Those who deal in vehicles within the Auto industry can adopt Auto Coin which will help them detect and avoid fraudulent transactions. Auto Block will provide dealers with a secure approach towards payment for their services to customers and this will reduce the risk of fraud.
The Government: Auto Block will give out relevant and complete data to concerned agencies of the government which will help to monitor the history of vehicles. This will further engage the government in creating policies that will benefit the Auto industry.
Benefits Derived From Auto Block
Auto Block will help crypto owners to invest into the mainstream with their digital assets and at the same time, Auto Block will provide a covering for digital asset owners in terms of taxation and exposure by making only minimal taxation and exposure to occur on their assets.
On the Auto Block platform, charge backs and counterfeiting will be made impossible because of the presence of the blockchain.
Auto Block will be a means of payment for international purchases by helping to reduce the effects of exchange rates in the transaction process.
Final Thoughts
The Auto industry will experience a lot of profits due to the increased business transactions that will occur in it through the Auto Block platform. Now customs cannot be hindered by distance but can now purchase vehicles and make payment from any part of the world. Indeed a new era for the automotive industry has we been ushered in by Auto Block.
Be a part of the breakthrough, Join the Autoblock ICO today and encourage the revolution in the Auto Industry.
Website: https://www.theautoblock.com/
ANN Thread: https://bitcointalk.org/index.php?topic=4570049
Author username: Jemma
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