Today, we’ll aim to look at some of the challenges which are faced by the current system and how The Autoblock’s solution aims to get rid of it. Before we begin talking about the answers, we’ll need to discuss the questions or issues.
So, let’s dive in.
HOW AUTOBLOCK SOLVES CRITICAL PROBLEMS IN CURRENT VALUATION SYSTEM
The automobile market is one of the largest industries in the world. With car buyers all over the world looking for reliable and affordable transport to get them from one point to another, the motor industry is flourishing with both new and old cars. However, though the demand is high for quality and luxurious vehicles, the industry faces several challenges. Because there are millions of consumers and distributors all around the globe, the system is not streamlined enough to provide value to both the buyer as well as the seller. This results in a system that isn’t reliable enough to offer worth to its users. This is where The AutoBlock comes in.
CHALLENGES ENCOUNTERED
The data available is neither current nor live and depends on the historical information available on the vehicle
An inherently biased system which is focused on providing value to the trader and not on the seller.
The vehicle information or data available isn’t consistent, is limited, and isn’t available for the worldwide consumer which means it doesn’t have equal worth on all fronts.
The current valuation system is centralized and monopolized which means that particular parties have control over it and this makes the data vulnerable to biases.
The certification is non-standardized, and this makes the information unreliable and inconsistent and creates an issue with the cycle.
SOLUTIONS OFFERED BY AUTOBLOCK
The AutoBlock valuation system is powered by blockchain technology, and this means that no centralized data center will be responsible for adding or modifying the data.
Entirely independent and separate valuations for cars and LCV, so the information is transparent and appropriate according to the vehicle type.
Valuations are according to the registration or VIN number along with the mileage. You can also select make, model and derivative along with vehicle mileage to better decide the real value of the car.
This valuation system is also country or region based according to the local market, so you don’t have to be fooled into buying something more expensive than it’s worth in the industry.
Through the system, you can also know about the expected lifetime of the car and compare the specifications for up to 5 countries in one single report.
No restriction on the information that’s provided to the buyer can look at the business price as well as the retail price to decide whether or not he’s making the right decision.
The report presented by The AutoBlock will contain the historical data about the car’s CO2 emission, fuel cost, accidental history, along with any damage information. It will also include a price guide which you can follow when buying a vehicle.
SUMMARY
The AutoBlock offers solutions to some of the most common problems of the automobile industry, and one of them is the valuation system. The founders and contributors of The AutoBlock realized that the motor market wasn’t functioning as efficiently as it should just because the current system isn’t as consistent as it should be.
Though automobile brands are working on new and efficient cars, nobody was looking into the issue of how used vehicles were valued. This brought about the conflict between the buyers and sellers and created problems in the dealings. Fortunately, with The AutoBlock’s independent valuation system, all these troubles will fade away.
For more information please visit:
Website:https://www.theautoblock.com
Medium:https://medium.com/@autoblockx
Telegram:https://t.me/autoblockofficial
Author : jalan rusak
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1953661
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