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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning
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Breaking News: Bitcoin Hits ATH Of $112,000, Expert Predicts Rally Is Just Beginning

Why This ICO Will Be Used by Hundreds of Millions of Car Owners

Aayush Jindal
Aayush Jindal
7 years ago
2 mins read
car vertical

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

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The German police have estimated that approximately every 3rd car has been subject to odometer fraud. Further, they estimate that on an average, the illegal increase of a used car’s value lays around €3000. That means that only in Germany, the yearly losses amount to almost 6 Billion Euros.

In fact, the industry is so problematic, that Forbes mentions a few problems: Odometer fraud still cheats U.S. consumers out of $1 billion annually by exaggerating the value of used cars, and one in every six used cars listed for sale in the United States has been in an accident.

With a soaring trend of buying used cars across the globe, many consumers face an ever-rising issue of buying cars with fake odometer readings or hidden defects. While many current solutions exist, there’s no “one stop shop” solution for vehicle history registry. A buyer may end up using three or four different paid services in order to see the complete history of a car that he is about to purchase.

Consider this: Odometer frauds in second-hand cars poses a massive problem, which affects a considerable number of used cars in Europe — the estimates go as high as 30%, costing European consumers approximately between €5.6 to 9.6 billion per year.

INTRODUCING CARVERTICAL

This is where carVertical steps in: carVertical is a blockchain-based solution that gathers as much information as possible about cars’ history from different sources like centralized country registries, police and INTERPOL databases, insurance, leasing, claims handling service databases, privately owned registries, paid APIs, other sources and puts it into blockchain registry. This company also plans to create an environment where users are providing them the permission to retrieve the data of a vehicle they own.

Any person or company who checks car’s data via carVertical product can be 100% sure that no one manipulated its mileage, all insured accidents are logged and data about the car is as extensive as possible.

At this point, one might ask: what makes carVertical so unique and worth using? Aside from the fact that all data that’s in the blockchain registry cannot be changed, faked, rewritten or manipulated, carVertical will offer public and free car registry to anyone in the used car industry.

Global and trusted vehicle history blockchain registry will enable carVertical to build five products for both B2B and B2C segments and monetize them in a very short time. Starting with 4 European markets in 2018, carVertical is planning to enter 48 markets worldwide in five years.

With very devoted and experienced team and advisors including John Mack (President & CEO of CIE Automotive China) and Steve Chernysh (Vice President of Russian Automobile Dealers Association), carVertical is projected to start generating revenue from its products in July 2018. As for the cash flow analysis, it states that in five years they will hit a revenue of 27,204,000 EUR with EBITDA of 10,524,000 EUR.

First of its kind, carVertical launches an ICO (Initial Coin Offering) on December 26, 2017 to gather funds for upcoming business & product development. Learn more: https://www.carvertical.com/

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Aayush Jindal
Aayush Jindal

Aayush Jindal

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis.

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From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation.
As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape.

In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions.

Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences.

Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department.

At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe.

In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
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Strict editorial policy that focuses on accuracy, relevance, and impartiality

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