Sunday 5 August 2018

AUTOBLOCK - THE TRUE BLOCKCHAIN FOR AUTO IS HERE

Image result for autoblock icoIn a general sense, Auto Block deals with providing a platform where those who wish to conduct car related transactions can do so but with cryptocurrency as an accepted method of payment. This platform will be free for everyone and Auto Coin will be used for payment.

 

Problems Associated With The Business

As attractive and popular as cryptocurrency is, it's adoption is still not widespread. Many people are still skeptical about the authenticity of cryptocurrency and they naturally fear for their investment should they ever participate in the crypto economy.
Though there are people yet unsure of the business, there are others who have taken part in the cryptocurrency business and are reaping the reward.
These traders have acquired cryptocurrency for themselves but it has been found that their digital assets cannot be utilized in the real world due to the high cost required for the conversion from cryptocurrency to Fiat.

Solutions Adopted So Far

In order to establish more utility for cryptocurrency so that their owners can make use of them in a more tangible way, various projects have been created to that effect.
The reason these solutions are yet to make lasting impression is because they are so futuristic in nature, so much that they cannot be used to tackle economical challenges facing the crypto owner at the present time.
Also, some auto dealers have made claims about accepting cryptocurrency as a means of exchange for vehicle purchase but on closer inspection, it has been found to be an untrue claim.

Now, A Solution

Image result for autoblock icoAuto Block is a blockchain platform created for the present moment where people can make transactions pertaining to vehicles using cryptocurrency. On this platform, users can buy and sell using cryptocurrency, vehicles without needing to change their digital assets to Fiat. This solution helps digital asset owners to retain the value of their assets and also creates an avenue where they can utilize their assets for real world transactions.

How Will Auto Block Achieve This?

Auto Block will create a platform that can be accessed by customers on any device of their choice, be it mobile, desktop or tablet, as their platform will support all devices.
A mobile application will also be provided to further make customers receive quality service delivery and also handle business transactions for their vehicles needs with their digital assets. This mobile application from Auto Block will support both android and iOS. A means of storage for digital assets as well as their transfer will be made available in the Auto Block mobile app.
The blockchain, upon which the Auto Block platform will operate will have an API access through the ERC-20 standard. This will give the customers the freedom to choose the currency of the choice for transactions, be it Auto Coin or USD.

Benefits Of Auto Block

Users of Auto Block platform will easily purchase their choice vehicle from any part of the world with the use of Auto Coin.
Due to the removal of excessive bank charges on the Auto Block platform, the cost of transactions will be made more affordable for customers.
There will be an instant settlement for customers on the Auto Block platform as there won't be any delay with their transactions.

Conclusion

Auto Block will give digital asset owners the freedom to utilize their cryptocurrency in the real world for vehicle purchases. This product will ensure that their customers maintain their anonymity during the transaction process and at the same time it will make sure that customers don't experience charge backs or any fraudulent practices because of the presence of the blockchain.

Essential Links

Website: https://www.theautoblock.com/
Whitepaper:  https://www.theautoblock.com/uploads/files/20180702092247.pdf
Telegram: https://t.me/autoblockofficial

Content Author: 

Username: 12connect
Profile:  https://bitcointalk.org/index.php?action=profile;u=2318264

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