Yes it is. They stated this even when they launched ICO in December.
But I have a question in which countries the project will be implemented?
In Russia and the US? or around the world? If all over the world, then obviously not immediately?
The Vehicle Lifecycle Blockchain will initially be fully implemented within the VLB early auto industry participants ecosystem, which includes the CarFix network of repair shops, test mode for car manufacturers, insurance
companies, spare parts distributors, and fleet management companies. However, the true mass-market potential of this blockchain lies in its decentralized deployment beyond the initial ecosystem.
So, basically, it will start in Russia, but we have plans to integrate project all around the world, in next few years.