Without doubt, the automotive social network project CarLive Chain gained popularity with a rapid speed. Earlier this year, the combination of automotive industry and blockchain gained consistent high expectation in industry.
In February of this year, Porsche firstly applied blockchain in automotive such as the lock and unlock of car and car parking.
At the same time, Benz used blockchain to promote its cryptocurrency MobiCoins. Participant who has the most coin can gain the VIP ticket of famous events.
Following Porsche and Benz, BMW joined two blockchain projects in March.BMW cooperated with two blockchain companies respectively. One focus on researching data of car maintenance history and driving behavior and another concentrates on tracking“clearness”cobalt supply, to guarantee its moral source.
Automotive social network blockchain project CarLive Chain focus on data that generated by car users and car commercial service providers. Creators of the project set up “Car mining field”as the first blockchain based car life ecosystem value sharing platform as well as decentralized value exchange car field vertical application community. The prospect of this project is to involve value contributors in value sharing, which has gained popular agreement. Car mining field has gained support from many blockchain investors and backers before being issued publicly. During the former internal testing period, more than 100,000 people participated in the project, among which 80.12% gained effective mine reward. In car mining field, users generate initial power when they conduct social behavior, so they can gain community award(users’behavior provides computing power, thus they can gain corresponding accounting benefit).
The core of blockchain technology is decentralized system. At present, car industry giants almost monopoly right of speech and explanation among the whole industry. Clicking transaction quantity as well as blocking information has become a common phenomenon in industry. Bloakchain’s decentralized feature application will overturn industry unicoin’s monopoly to users’data equity, solving confidence crisis between manufacturers and car users. It is no doubt that the blockchain project can gain support from car users and industry commercial service providers as it brings transparency to the industry.
As reported, creator of the project has reached deep strategic cooperation partnership with YUTU. YUTU not only brings CarLive Chain a huge user group with more than 60 million users, but also provides great assistance for CarLive Chain’s future development in we-media operation, scene-base e-commerce platform operation, finished automotive manufacturers and post-market supply chain integration. YUTU will also modify application scene through blockchain technology.
The combination of blockchain and automotive is the kind of project that is easy to implement. With the development of blockchain, we should pay attention to CarLive Chain and other similar projects.
