VinChain is a decentralized blockchain database that records all information pertaining to vehicles. For each vehicle a blockchain passport is issued which will be stored in a distributed registry.
VinChain can also produce reports that can be ordered immediately by buyers, sellers, and other market participants.
Information about the vehicle is accumulates in the databases of all participants in the system (manufacturers, insurance companies, service stations, banks and leasing companies, dealers, etc.) during the entire period of its use.
The blockchain-passport of the vehicle is connected to the vehicle identification number (VIN) and placed in the VinChain blockchain system.
This information is transparent and accessible to everyone with access to the system. To protect the accuracy of information, the blockchain technology and data hashing through SHA-256 cryptographic algorithm (sha 2 family) * [where does this lead to? Should appear at bottom of this page] is used. This guarantees reliability and security of data.
website tech support FixJoomla.com
ICOLINK.COM 2023 © All Rights Reserved
Share this page in Social Media: