VLB Token, a blockchain platform of CarFix company, will reduce car maintenance and repair costs, and help car owners selling their used vehicles for a maximum possible price.
The main product of the company is a blockchain platform that will be used by all automotive industry participants, ranging from car manufacturers and dealers to service centers and OEMs.
This platform will make the auto market more transparent, simplifying and automating labor-intensive processes associated with buying and selling a car, insurance claim processing and management, car repair and maintenance, saving significant amounts of money for car owners, insurance companies and banks.
The project received initial funding exceeding 5 million Euros from institutional investors and prepares for an ICO, which starts on the 27th of November.
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