The purpose of the project: Creation of a blockchain-based platform and ecosystem, which are based on digital information about vehicles.
The Carblox platform creates a digital "twin" of the vehicle and provides a number of services that are based on the register of information about the use of the vehicle. The register will contain the complete reliable history of the vehicle and will reflect:
The listed information is valuable because it is useful for a large number of different users of the Carblox ecosystem. This provides the potential for development of the system.
Storage and handling of information in Carblox will be ensured by modern decentralised technologies: distributed file system (IPFS) and blockchain (Ethereum based). The permanence and accessibility of information in the blockchain will establish trust between the parties of the ecosystem and confirm the authenticity of the information received from the registry.
The Carblox ecosystem economy is also based on blockchain. Carblox token (CRX) is an ERC20-compatible token issued on the basis of the Ethereum platform. Smart contracts supported by Ethereum will be actively applied in the Carblox platform in the part of the functionality where decentralisation allows for anonymity, security and authenticity of information.