BlocVehicle enables users to store and share data for their vehicles in a blockchain-based public ledger and create a trading service platform for the used car market, offering an equitable P2P trade system. Moreover, BlocVehicle will embody the model of a sharing economy in the automotive industry, allowing anyone to lease a car to people and earn money. Furthermore, BlocVehicle will cooperate with automotive service providers. The data will be integrated and stored in a blockchain-distributed ledger. Users will have full ownership of their data. Additionally, off-blockchain storage will be set up for various purposes, presenting opportunities to users.
BlocVehicle will form an economic ecosystem in the network, and contributors will receive VCL tokens commensurate with their contributions. The tokens are a medium of reward to pay for services provided within the BlocVehicle's ecosystem.