Carblock.io is a decentralized blockchain platform and ecosystem that serves the entire
automotive and transportation industry. While the internet has enabled the ow of information, Carblock will do the same for data and assets. This increased access to data will enable businesses to make better decisions and stimulate a more efficient operation for them on CarBlock, while also attract individuals, teams, universities and research institutions to join the ecosystem and eventually change the entire automotive and transportation industry. The premise for CarBlock’s inception is that from the beginning of the 21st Century, digitalization, networking, and big data have driven tremendous changes in the automotive industry and its peripheral industries.
Carblock.io will be rst incubated by the world’s leading connected car device company, nonda (No NDA Inc) and then will later conduct its operation independently. The team behind CarBlock took nonda from a small Silicon Valley startup and grew it to be one of the world’s leading connected device companies. The team rmly believes that traditional mindsets regarding the automotive and transportation industries will inevitably be disrupted.
As a new model of investment, investment in digital assets involves various risks. Potential investors shall discreetly assess the investment risks and their own risk tolerance.The risk in Token Sales The environment of the token sales market is closely tied to the state of the entire
digital currency market. In the case of a sluggish market or existence of other uncontrollable factors, the token price may be underestimated over a long period of time despite its positive underlying value.
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The Privacy Mask, as part of CarBlock’s privacy protection module, is designed to manage the sharing of connected car data. It provides data encryption and protection of users’ private data. Carblock.io believe that the data belongs to the dataprovider (car owner) and that access to this data must be authorized by the provider. This authorization process can be found in the Request & Approval Model and the Authorization Rules Model.
Let’s imagine an extreme future scenario where all cars on the road are self-driving cars and the car owners are just passengers. When that happens, a couple of interesting problems arise. Do people still need to own their cars? Should insurance cover the car or the passenger? Should the owner decide whether the car needs maintenance? Is the auto company selling a car or a transportation service? All previous practices and market dynamics become obsolete in this kind of future. Of course, this extreme scenario won’t come to fruition that quickly, but it makes
practical sense to start addressing the questions, changing dynamics, and problems that such a future holds.
While the old way of doing business is still very much alive, a company with data modelling capabilities can have a huge competitive advantage over others and thus potentially redene the automotive landscape. For instance, an insurance company with vehicle driving data could offer a more tailored and competitive package to their customers while maintaining a higher prot margin compared to their competitors. Carblock.io are seeing early signs of this in North America from a startup called Metromile that is able to offer competitive insurance quotes by allowing its customers to purchase insurance based on their driving mileage. With the continued advancement and adoption of connected car technology, data will undoubtedly become a driving force for the entire transportation industry.
Connectivity will have a more dramatic effect on cars than any other automotive technology in the last century.”Tom Rivers, Vice President of Global Marketing Connected Car, an automotive connectivity specialist at Harman International, a Samsung Company.The vast majority of auto industry experts concur that connected cars and connected car data will be a disruptive force in the auto industry and its peripheral industries.This chapter highlights the auto industry’s major changes and future trends.
As previously mentioned, car owners, who are part of the CarBlock ecosystem, can earn CAR tokens by providing valuable car data, similar to a “miner” in the bitcoin ecosystem.According to certain theories, the cost of mining typically is believed to have an anchoring effect on the intrinsic value of a token. Although we don’t necessarily agree that the relationship between ‘mining cost’ and ‘token value’ is related in that way, Carblock.io’d like to lay bare the cost of mining a CAR token, so that you have the information for your reference.
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