About VLB Tokens

CarFix ecosystem is currently comprised of 280 fully integrated repai rshops (with 500+ onboarded repair shops in total), all key spare parts distributors, dealers of most popular mass-market car brands, a major insurance company and the leading Russian auto lender. This ecosystem is continuously growing and evolving to accommodate the optimal supply and demand equilibrium along the entire vehicle lifecycle.

The existing CarFix ecosystem and software systems present a perfect staging ground to develop and deploy the blockchain technology described in the whitepaper. CarFix’s current business model, which is driven by the notions of transparency, efficiency and fair pricing, will be further empowered by the blockchain’s core premises ofd ecentralization and immutability of records. Implementation of multi-signature authorization mechanisms to verify transactional integrity will further morph the interrelationships between Market Participants into a single cohesive “Car Lifecycle Industry”.

Proceeds from the ICO will be used to develop and build the blockchain technology specifically tailored for the Vehicle Lifecycle Industry. CarFix current business model will be used to test the blockchain and subsequently proliferate its implementation beyond CarFix globally.

Features

Vehicle Lifecycle Blockchain is a comprehensive decentralized registry wherei nformation about vehicle ownership, insurance history, repair and maintenance records will be recorded through the use of VLB Tokens. VLB Token sare “utility tokens” that will be required for industry constituents to record transactions on the Vehicle Lifecycle Blockchain and to “finance” commissions as compensation paid to PoS Nodes.

Technical Info

Technical details:  Utility token type. Ethereum ERC20 standard. Vehicle Lifecycle Blockchain will be deployed in 2 stages: 1 – Rollout within the controlled environment of Carfix 2 – Decentralized deployment into the mass market beyond CarFix The source code:  No available. Proof of developer:  Public team.

VLB Tokens Roadmap

 

  • April 2016

  • CarFix is founded as a transactional platform to upend the car repair industry.

  • July 2016

  • Platform is created and launched.

  • August 2016

  • “Proof of concept” attained with 3,000 customers served and 200 repair shops onboarded.

  • October 2016

  • 5M EUR raised from Tier 1 investors: Mail.ru Group, Kima Ventures, Solway Group, Foresight Capital, Similie Ventures.

  • December 2016

  • CarFix platform becomes the largest chain of auto repair shops in Russia.

  • APRIL 2017

  • Onboarding of major authorized auto dealers.

  • JUNE 2017

  • Commenced integration with the largest Russian bank and insurance provider and with a major global fleet management company.

  • JULY 2017

  • Commenced expansion into the US market: found local partner, mapped Los Angeles and South Florida based ecosystems of repair shops, spare parts distributors, insurance providers and auto dealers that are required for a successful deployment of CarFix plat.

  • AUGUST 2017

  • 150,000 customers on the CarFix platform, 500 repair shops, all major original and non-original spare parts supplied via third-party distributors.

  • NOVEMBER 2017

  • Gross sales of $1 million per month, ICO.

  • DECEMBER 2017

  • Build a fully staffed development and programming team.

  • MARCH 2018

  • 1 millionth customer on the CarFix platform, gross sales of $10 million per month.

  • JUNE 2018

  • - Alpha version of Vehicle lifecycle blockchain.
    - CarFix ecosystem to include 800 – 1,000 repairs shops, key regional insurance companies and auto lenders, major vehicle manufacturers and their dealer networks, as well as all leading OEM’s via their existing distribution networks, full operational deployment in the US.

  • SEPTEMBER 2018

  • Beta version of Vehicle lifecycle blockchain.

  • DECEMBER 2018

  • - Stage 1: Vehicle lifecycle blockchain deployed across the entire CarFix ecosystem.
    - Gross sales of $50 million per month.
Read Less