What is AutoBlock Project?

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What is AutoBlock Project?

The Auto Block offers a unique set of products which will align cryptocurrency with the mainstream automotive industry by making vehicle transactions secure, fast while also giving you full access to the purchased vehicle’s historical data, NVD (New vehicle data), and valuations. Providing transparency to the buyer, as well as the seller.

AutoBlock transforming the way people buy, sell and research cars. AutoBlock will revolutionize the auto industry and make it transparent so sales and purchases can take place without mishaps. A car sales portal for car dealers that accept the AutoCoin to advertise their stock free of charge, opening up new markets for them. Initially, prestige, performance and classic cars being transacted across the globe using AutoCoin, followed en masse by volume car dealers. Set to revolutionize used car valuations and vehicle data, Auto Block’s mission is to serve professionals such as insurance companies, car dealers and leasing companies in the motor industry with accurate and easy access to data and valuations. The Blockchain technology used to gather the real-time valuations with the help of live data will result in a rich database of all vehicle specifications which exist throughout the world. The Auto Block’s technology will make it possible for individual

AutoBlock Solution:

Buying Cars With Cryptocurrency

The Autocoin offers a simple and highly efficient transaction alternative that will become the automotive industry standard cryptocurrency. Thanks to its’ ease of use, acceptance, flexibility and transparency, The Autocoin will become the currency of choice by both car dealer and peer-to-peer vehicle transactions.

The team behind The Autocoin have realised the potential of introducing cryptocurrency to the automotive industry, and aim to capitalise on the benefits of simplifying vehicle transactions for buyers and sellers.

Some of the core benefits of using The Autocoin currency for buyers include:

Ability to purchase vehicles worldwide using The Autocoin
Significantly lower transaction fees – fast and easy payment without add-on bank charges.
Immediate settlement – no waiting period for transactions to mature (i.e., instant availability).
Security against identity theft – no credit card or bank details being stored by third parties.
Anonymity – highly desirable for high bet worth individuals.
Release of crypto assets into the mainstream with minimal exposure and taxation issues.
The highest level of fraud prevention – thanks to the platform’s utilisation of blockchain technology, Autocoin has reduced the risks of counterfeits and chargebacks to zero.
Easy international payments unencumbered by protracted exchange rate considerations.
Significant choice of vehicles offered for sale via the website autocoincars.com

Some of the core benefits of using The Autocoin currency for sellers include:

Free exposure of vehicles offered for sale worldwide via autocoincars.com
Fast and easy transaction
No cost entry to accept The Autocoin as a payment solution
Lower transaction fees
Easy worldwide payment acceptance
Ability to retain The Autocoin in digital wallet for investment or other purchases or option to convert to fiat upon transaction completion
Team of expert support and advice staff available

How Does AutoBlock Work?

At the heart of AutoBlock is our hybrid blockchain technology, utilizing the best of public and private blockchains. This will allow for the seamless transfer of vehicle data using smart contracts which forms the foundation of our fair vehicle valuations platform; purchasing a car through the portal, transferring the funds instantly and cashing out the proceeds in either fiat, crypto or both via our internal exchange.