CarBlock

About the Project
CarBlock is the world’s first blockchain-based transportation solution built on data generated by smart devices. This circulation of car data on the blockchain is set to disrupt the entire connected car industry. We'll be launching our Airdrop & Referral Program soon in mid-April - please join our Telegram channel for the launch [https://t.me/CarBlockOfficial].

WEBSITE: https://carblock.io
WHITEPAPER: https://dtprun4zyk7la.cloudfront.net/assets/file/whitepaper_v3.3_en.pdf
TELEGRAM: https://t.me/CarBlockOfficial
TWITTER: https://twitter.com/CarBlock_io

Problems in the Current Connected Car Ecosystem

Data Ownership - Vehicle and driving data can be used to derive insights about people’s lifestyle and preferences and is therefore invaluable. Without advanced data encryption and strict authorization, there is a huge potential threat to people’s personal privacy and safety.

Data Collection & Accuracy - The majority of vehicle purchases worldwide are not new vehicles. In fact, the average car on the road in the U.S. is 11.5 years old. This means it will take many years before the majority of vehicles on the road come standard with accurate and embedded data sensors, leaving the current solutions for collecting, transferring, and storing vehicle data inefficient and inadequate.

Data Exchange - The rights to use and distribute data should belong to the person who contributes the data. Currently, the data drivers generate often does not belong to them. For instance, the navigation software knows where we are going and pushes relevant ads. This is precisely why the connected car industry has made little progress; users are not motivated to provide relevant data without proper incentives.

Application Infrastructure - While there is vehicle data available to small companies, the data is extremely scattered and insufficient in scale to provide any significant value for building transportation applications. The viability of connected car applications ultimately relies on an infrastructure that can support the safe and automated circulation of massive amounts of vehicle data.

CarBlock's Solutions

The ownership and interest of all data should belong to the data provider, in most circumstances, the car owner. This is where the regulations are headed; car owners are the foundation of CarBlock’s ecosystem and serve as the link between business and data.

Automatic data collection via smart devices. Data is automatically collected by the connected hardware and then digitally encrypted and logged in the CarBlock blockchain.

CarBlock will not profit as the middleman in the data marketplace. CarBlock will ensure the free circulation of data and decrease the friction during this process. The CarBlock digital token and smart contract enable easy data exchange. The purpose of transaction consumption is to merely cover the cost of the system. CarBlock will even subsidize individuals, teams, universities, and research institutions with innovative ideas if CarBlock sees the potential for those offerings to add value to the ecosystem.

Data circulation will create a mutually beneficial situation for all participants within CarBlock’s ecosystem. Car owners can earn token rewards for providing data and in return, receive more accurate or reduced pricing for services based on the data they provide. Automotive and transportation companies can leverage the enormous amounts of data through CarBlock to build better, more targeted products and services. Innovators will similarly have access to the data they’ve been longing for to build more creative services and transportation applications.

About the Team

CarBlock has built a dynamic core team and a group of renown advisors in the auto and blockchain industry. You can learn more by visiting the official website.
WEBSITE: https://carblock.io


Roadmap

3 MONTHS: 410K+ nonda users get access to CarBlock. CAR tokens can be used to purchase nonda connected hardware and software services.

6 MONTHS: Small vehicle service providers join the ecosystem and accept CAR tokens. CarBlock certified connected hardware start mining CAR tokens by uploading car data.

12 MONTHS: Mid-sized vehicle services & insurance companies join the ecosystem. Car application developers are able to purchase car data with CAR tokens.