The VLB team has a fairly strong collective of 28 developers, including those that have previously taken part in development of projects for Qiwi, Sberbank, Lukoil, Rostelekom, Yandex, Uber, Mail.ru, METRO Cash & Carry and others. The three co-founders of the company, Oskar Hartmann (KupiVIP, CarPrice, Aktivo, Similie Venture Partners, Lesara, Zaodno, as well as Blackmoon Crypto (as an advisor)), Paul Nazarov (AloeCure.com, FCG) and Vladimir Lupenko (FCG, CarPrice, Aktovi, Raketa) bring an enormous collective entrepreneurial experience to the project. Of note is the core programmers’ experience. CTO Maxim Manturov has 17 years of experience in programming and software development management, and the core blockchain development team is headed by Peter Kalambet, with 16 years of programming and system engineering experience, including 4 years at IBM Science and Technology Center.
Idea & Token functions
The VLB team suggests using blockchain technologies to build a distributed ledger containing info on vehicles. This includes history of owners, services, accidents involving the particular car. Subsequent service and maintenance is also included into the ledger in the form of transactions. Participants of the market and VLB’s network include car-owners, insurance companies, automobile services, car dealerships, manufacturers and distributors of car parts, credit and government institutions, as well as companies handling corporate car pools. Out of all the above, all but the government institutions, car owners and companies handling corporate car pools are identified paid participants of the network. This is going to be a public and open blockchain.
VLB tokens are used to record transactions on the blockchain by paid members, as well as “monetizing” commissions as compensation for PoS Nodes. The White Paper provides many advantages of including records on the blockchain for paid users, as well as the benefit all participants of the market gain from reading said records. It is likely that the cost of the tokens themselves from a purely financial standpoint will be defined by the mechanisms of the open market.
The VLB system is being deployed on the already functioning CarFix business, with a large number of system functions already realized and even functional. One has to note the strong team, clearly assembling precisely the experience needed by this kind of project. It is true VLB doesn’t have answers to all the questions. At this point it’s not clear how exactly the many legal obstacles will be dealt with – at the least the team would require negotiating with local authorities to register car accidents, which would have to be a separate process for every country (even though the issues will have some similarities).
However, the project is targeting a vast market, going down the road paved by an existing workin business. The already mentioned team composition lends the project additional credibility, including advisors Hannes S. Chopra (CEO of Sberbank Insurance), Sergey Solonin (CEO and founder of QIWI Group), Alexey Arkhipov (Director for crypto-technologies at QIWI), Nitin Gaur (Director at IBM Blockchain Labs), Igor Pesin (Life.SREDA), David Drake (Founder and Chairman of LDJ Capital) and others.
VLB may have a big future yet!
VLB ICO datesexport to calend
CarFix ecosystem is currently comprised of 280 fully integrated repai rshops (with 500+ onboarded repair shops in total), all key spare parts distributors, dealers of most popular mass-market car brands, a major insurance company and the leading Russian auto lender. This ecosystem is continuously growing and evolving to accommodate the optimal supply and demand equilibrium along the entire vehicle lifecycle.
The existing CarFix ecosystem and software systems present a perfect staging ground to develop and deploy the blockchain technology described in the whitepaper. CarFix’s current business model, which is driven by the notions of transparency, efficiency and fair pricing, will be further empowered by the blockchain’s core premises ofd ecentralization and immutability of records. Implementation of multi-signature authorization mechanisms to verify transactional integrity will further morph the interrelationships between Market Participants into a single cohesive “Car Lifecycle Industry”.
Proceeds from the ICO will be used to develop and build the blockchain technology specifically tailored for the Vehicle Lifecycle Industry. CarFix current business model will be used to test the blockchain and subsequently proliferate its implementation beyond CarFix globally.