The current price of VINchain (VIN) is $ 0.00136500.
VINchain is a project that aims to create a global blockchain-based database of used vehicle information. The goal is to provide a transparent, reliable, and open-accessible database which is advantageous over traditional centralized databases. This new approach bypasses the common issues of incomplete or inaccurate vehicle history as all data providers unite to create an undisturbed vehicle record.
The creators of VINchain include a team of professionals from different backgrounds who are enthusiastic about revolutionizing the automotive industry. You can get more detailed information about the team on their official website, vinchain.io.
VINchain operates by leveraging the features of blockchain technology to maintain a database of vehicle information. Every vehicle in the VINchain network has a digital identity comprising all relevant information about its history, from manufacturing and usage, to repairs and changes of ownership. This information is stored on the blockchain, making it immutable and transparent to everyone.
One of the most significant and unique aspects of VINchain is its use of blockchain technology to combat common issues in the vehicle information industry. By uniting all data providers, VINchain creates a comprehensive, uninterrupted vehicle record, eliminating the disadvantages of a centralized database. This ensures all vehicle data is transparent, reliable, and widely accessible. Also, because the data is stored on the blockchain, it's virtually impossible to tamper with or alter.
The VINchain database is claimed to be highly trustworthy and reliable due to the decentralized nature of the data stored on the blockchain. The database contains a vast amount of precise vehicle information from multiple providers, making it one of the most comprehensive resources of its kind that's transparent and immutable.
VINchain's model allows for contributions as it unites data from numerous providers. This means that any entity with pertinent information, whether it be auto manufacturers, insurance companies, or individual users, can potentially contribute to the database.
VINchain (VIN) is currently purchasable on the following exchanges: Idax. Please make sure to do your own thorough research before making any purchase decisions.
The total supply of VINchain is 840.1M while the circulating supply is .
Over the last 24 hours, the price of VINchain (VIN) has increased by +0.00%.
VINchain stands at rank #1 in terms of market capitalization, which is currently valued at $ .
The 24-hour trading volume of VINchain (VIN) is 28.5K.
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