GAUS Trade is a blockchain based platform designed to purchase new vehicles at discounts up to 30%. The implementation of the GAUS Trade infrastructure allows excluding a number of intermediaries from the chain between the automaker to the buyer. The dealership’s role of the existing vehicle distribution system is important as it receives payment and guarantees the delivery of the purchase. However, its existence augments the end price (including marginal costs: salaries, rent, marketing cost etc.) paid to dealer by buyer.
The first focus area of the project is the development of a blockchain platform for vehicle purchases and the use of a variety of related services. The cost of vehicles and services purchased via GAUS will be 20-30% lower than their current retail prices.
The GAUS platform makes a vehicle purchase or a service payment possible at a significantly lower price compared to existing prices, guarantees transaction security for full or partial payments, as well as the timely and quality level delivery of the purchased goods and services. In turn, the manufacturer or service provider, receives a new potential client pool and a guarantee of timely payments. By using standardized smart contracts, GAUS provides a convenient and secure invoicing mechanism.
The GAUS token builds the foundation for an infrastructure beneficial for all participants. Blockchain technology reduces transaction costs, while making the platform transparent, open, and safe for all parties.
GAUS as a scalable, decentralized online system connecting manufacturers and buyers, bypasses the need for such expenses by solving the issues of payment and guarantees both. The manufacturer maintains the same price on released goods, however, due to the absence of intermediaries, the buyer pays considerably less.