A look at Uservice’s Global Decentralized Blockchain Platform For Automotive Industry
The Global Automotive Industry and Services Landscape
Global sales of passenger cars are forecasted to hit 78.6 million vehicles in 2017 (Statistica). At this rate, the global automotive aftermarket industry is expected to reach $722.8 billion by 2020. Intense competition and technological innovation characterize the automotive industry and this is concentrated, with the 10 leading vehicle manufacturers representing close to 80% of global production(v12data).
The automotive services industry is reliant on the automotive industry. that follows the same market pressures and showing the same sensitivity to general economic conditions. As the automotive industry begins to rebound following the global financial crisis, the supporting industries around it are also showing recovery. Today’s consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled servicing to maximize the lifetime value of their vehicles. This rising demand for aftermarket parts and services is spurring new growth and revenue opportunities for a wide range of businesses operating in the automotive aftermarket industry.
The Automotive Industry Issues
To be in the auto repair industry these days is challenging. The automobile is still very much alive and well, but the auto repair industry gets a great deal of flack for those who don’t do their work well — or overcharge, or just don’t care about their customers.
Many Automotive industry analysts have summarized the problems and issues surrounding the auto service industry into the following (Uservice Whitepaper):
No Transparency Between Market Participants. This problem was explained by George Akerlof, economist and the Nobel prizewinner, who published his scientific research “The Market for Lemons: Quality Uncertainty and the Market Mechanism”. The author described the work processes of marketplaces, where one side of a deal, either seller or buyer, knows about the product more than another. He called this “information asymmetry markets”. Used car market can serve as an example. When selling his/her car the seller possesses more information about the vehicle. For this reason buyer is afraid of being scammed and wants to minimize possible risks. Buyers cannot distinguish between high-quality and low-quality cars, so that is why they try to spend less money when buying a car. As a result an average price of a car becomes lower. Because of a low average price the majority of cars being sold are of low quality. This results in a situation when sellers of high-quality cars leave the market.
Disorganized Market of Car Services. The car services market is not automated globally yet. The majority of car service stations work as they used to: human factor plays the most significant role. There is one and the same scenario in every city: you have to spend your precious time analyzing car service stations while searching for the most satisfying options.
No Mobile Solutions. Today people strive to save their time. That is why they try using mobile applications in all situations. There is lack of facility to see task in creating a product which can provide a driver with all functional options during the entire period of car owning.
Inadequate Data Analysis. Information is gold worthy. This formula was stated in an annual report devoted to the increased digitalization and automation in automotive industry by KMPG (LINK) Audit Agency, Switzerland. In deed modern cars can be called “Information Generators”. Vehicles are equipped with a lot of sensors, detectors, monitors and cameras which are constantly collecting and analyzing information. This information can represent car location, details damage and wear degree, internal breakdowns, etc. Car manufacturers, insurance companies, banks, etc. can gain a lot of benefits from such data.
Payments Security. With growing numbers of eCommerce and m-commerce transactions, there are new opportunities for cyber criminals. As a service provider, you need to ensure that you provide the best payment security and that your customers don’t have to worry about their data.
Spare Parts and Accessories: Search, Pricing and Delivery. Many drivers prefer buying spare parts or accessories by themselves. However it is quite often that the driver experiences certain problems selecting the correct parts for his/her car depending on modification and year of manufacture.
No Transparent and Clear Rating System Based On Customer Satisfaction Feedbacks. There is lack and adequate rubrics to identify if customers are really satisfied with services or problems were really solved.
The UService Solution
The Uservice Platform solves the above problems through the single Global Blockchain Platform, which associates drivers, dealers, insurance companies, car service stations, auto groups and part distributors. By connecting to the platform they obtain the opportunity to cooperate, thereby increasing the transparency and efficiency of their business processes.
Uservice Project is a Decentralized Online Platform based on the Ethereum blockchain which will use smart-contract. Ethereum technology allows registering any deals and operations with automobiles on a distributed contract basis like Blockchain without using standard legal procedures. All operations with cars will be clear, controllable and safe. Uservice System is intended not only for registering operations and deals between drivers and car service stations. It represents a basis of a brand new ecosystem which consists of driver service, statistical data compilation and analysis, and creation of new business processes in automotive industry.
How it works?
The platform will connect all car industry representatives. With Uservice, car owners, insurance companies, banks, auto service centers, parts distributors and many more others will be interested in joining our platform to expand their sales channels, increase profit and efficiency of provided services.
Blockchain technology. Recording any transaction in the ecosystem occurs instantaneously. In a matter of few minutes, you can choose, coordinate and pay for the services of a repair shop, etc. from anywhere in the world.
Distributed database. Storing the whole car history on the blockchain platform will make Uservice the leading aggregator of information in the entire car industry.
UST Token
By incorporating an internal UST token into the ecosystem, the system created the mechanism of the community participants’ cooperation under the common platform rules.
Token Rate UST tokens will be issued in a selected number during token sale. Expect that the number of participants in the platform will be growing, and as a result will have UST token cost increase (because UST token uses disinflation model to work).
UST tokens will allow you to:
Make payments inside Uservice community
Exchange UST tokens into USX tokens (for details please see “USX Token”)
As a majority of other tokens, we expect quick growth of UST token value during the first few days of listing. Any further growth of the token will be enforced by the increase of the platform participants number
USX Token
Uservice will launch another token (USX) in 2019. It will be available for purchase using UST tokens inside the platform. Using all the necessary procedures the platform will validate this token as a security of Uservice Company.
In 2020 Uservice Company will perform IPO when USX token holders can become real co-owners of Uservice. The USX token holders will be provided with 20% of share in Uservice Company.
USX token will be created only under favorable legal terms for its legitimate acceptance as a crypto-value security in Uservice Company seat of business jurisdiction.
Token exchange
UST and USX token exchange will take place inside Uservice platform at any time with no fee charged.
UST token can be sold/purchased on the major crypto-currency exchanges
Uservice’s Promise
Currently, Uservice caters land-based automotive services but eventually the platform will combine the marketplace participants of waterborne and air transport. The Uservice Platform applies blockchain technology based on Ethereum smart-contract. Blockchain provides total operating activity awareness of company. The entire program interface is being developed to integrate feasible business processes into our platform. Blockchain technology will provide an opportunity to store and analyse large volumes of data, as well as to create clear and open history of car operations. Based on our successful www.uremont.com product and the blockchain technology, the new Uservice Platform will make life of its participants easier, more convenient and safe.
For example, drivers, dealers, insurance companies, car service stations, auto groups and digital solution providers can connect to the System and offer their services, which will increase blockchain value. www.Uremont.com is a basic product of Uservice Team and is ready-to-use IT platform for collecting, analyzing and building the rating system and for identifying car service stations.
In addition, Uservice Team is concerned about the grade of environment pollution resulted by industrial productions as well as progressing growth of hazardous substances impact from vehicle operation and service. In due course, the Uservice Project is expected to be presented in the majority of countries and we will monitor our partners’ activities and create all the necessary functionality to provide appropriate recycle of automotive waste products according to European standards. In order to achieve these goals we consult our project details with WWF organization.
To know more about the Uservice Project and its development team visit the following links:
“We create new standards of cooperation in automotive industry.” -Uservice
Global sales of passenger cars are forecasted to hit 78.6 million vehicles in 2017 (Statistica). At this rate, the global automotive aftermarket industry is expected to reach $722.8 billion by 2020. Intense competition and technological innovation characterize the automotive industry and this is concentrated, with the 10 leading vehicle manufacturers representing close to 80% of global production(v12data).
The automotive services industry is reliant on the automotive industry. that follows the same market pressures and showing the same sensitivity to general economic conditions. As the automotive industry begins to rebound following the global financial crisis, the supporting industries around it are also showing recovery. Today’s consumers are keeping their vehicles longer and are more aware of the importance of preventive maintenance and scheduled servicing to maximize the lifetime value of their vehicles. This rising demand for aftermarket parts and services is spurring new growth and revenue opportunities for a wide range of businesses operating in the automotive aftermarket industry.
The Automotive Industry Issues
To be in the auto repair industry these days is challenging. The automobile is still very much alive and well, but the auto repair industry gets a great deal of flack for those who don’t do their work well — or overcharge, or just don’t care about their customers.
Many Automotive industry analysts have summarized the problems and issues surrounding the auto service industry into the following (Uservice Whitepaper):
No Transparency Between Market Participants. This problem was explained by George Akerlof, economist and the Nobel prizewinner, who published his scientific research “The Market for Lemons: Quality Uncertainty and the Market Mechanism”. The author described the work processes of marketplaces, where one side of a deal, either seller or buyer, knows about the product more than another. He called this “information asymmetry markets”. Used car market can serve as an example. When selling his/her car the seller possesses more information about the vehicle. For this reason buyer is afraid of being scammed and wants to minimize possible risks. Buyers cannot distinguish between high-quality and low-quality cars, so that is why they try to spend less money when buying a car. As a result an average price of a car becomes lower. Because of a low average price the majority of cars being sold are of low quality. This results in a situation when sellers of high-quality cars leave the market.
Disorganized Market of Car Services. The car services market is not automated globally yet. The majority of car service stations work as they used to: human factor plays the most significant role. There is one and the same scenario in every city: you have to spend your precious time analyzing car service stations while searching for the most satisfying options.
No Mobile Solutions. Today people strive to save their time. That is why they try using mobile applications in all situations. There is lack of facility to see task in creating a product which can provide a driver with all functional options during the entire period of car owning.
Inadequate Data Analysis. Information is gold worthy. This formula was stated in an annual report devoted to the increased digitalization and automation in automotive industry by KMPG (LINK) Audit Agency, Switzerland. In deed modern cars can be called “Information Generators”. Vehicles are equipped with a lot of sensors, detectors, monitors and cameras which are constantly collecting and analyzing information. This information can represent car location, details damage and wear degree, internal breakdowns, etc. Car manufacturers, insurance companies, banks, etc. can gain a lot of benefits from such data.
Payments Security. With growing numbers of eCommerce and m-commerce transactions, there are new opportunities for cyber criminals. As a service provider, you need to ensure that you provide the best payment security and that your customers don’t have to worry about their data.
Spare Parts and Accessories: Search, Pricing and Delivery. Many drivers prefer buying spare parts or accessories by themselves. However it is quite often that the driver experiences certain problems selecting the correct parts for his/her car depending on modification and year of manufacture.
No Transparent and Clear Rating System Based On Customer Satisfaction Feedbacks. There is lack and adequate rubrics to identify if customers are really satisfied with services or problems were really solved.
The UService Solution
The Uservice Platform solves the above problems through the single Global Blockchain Platform, which associates drivers, dealers, insurance companies, car service stations, auto groups and part distributors. By connecting to the platform they obtain the opportunity to cooperate, thereby increasing the transparency and efficiency of their business processes.
Uservice Project is a Decentralized Online Platform based on the Ethereum blockchain which will use smart-contract. Ethereum technology allows registering any deals and operations with automobiles on a distributed contract basis like Blockchain without using standard legal procedures. All operations with cars will be clear, controllable and safe. Uservice System is intended not only for registering operations and deals between drivers and car service stations. It represents a basis of a brand new ecosystem which consists of driver service, statistical data compilation and analysis, and creation of new business processes in automotive industry.
How it works?
The platform will connect all car industry representatives. With Uservice, car owners, insurance companies, banks, auto service centers, parts distributors and many more others will be interested in joining our platform to expand their sales channels, increase profit and efficiency of provided services.
Blockchain technology. Recording any transaction in the ecosystem occurs instantaneously. In a matter of few minutes, you can choose, coordinate and pay for the services of a repair shop, etc. from anywhere in the world.
Distributed database. Storing the whole car history on the blockchain platform will make Uservice the leading aggregator of information in the entire car industry.
Uservice Blockchain Technology
Monetization Model
The Monetization Model of Uservice’s Project is completely intelligible.
Current Uremont Business Model
The commission level is calculated on the basis of charging zones, which characteristics are determined through marketing researches in a particular region and are unified within each specific region, which makes it possible for the customers to always be sure that they receive a service at the most favorable price. The funds raised during the token sale and the blockchain technology itself will give the opportunity to significantly expand the ways of product monetizing by involving various participants of the automotive industry in our ecosystem community.
The Uservice Ecosystem
The UService Tokens
By incorporating an internal UST token into the ecosystem, the system created the mechanism of the community participants’ cooperation under the common platform rules.
Token Rate UST tokens will be issued in a selected number during token sale. Expect that the number of participants in the platform will be growing, and as a result will have UST token cost increase (because UST token uses disinflation model to work).
UST tokens will allow you to:
Make payments inside Uservice community
Exchange UST tokens into USX tokens (for details please see “USX Token”)
As a majority of other tokens, we expect quick growth of UST token value during the first few days of listing. Any further growth of the token will be enforced by the increase of the platform participants number
USX Token
Uservice will launch another token (USX) in 2019. It will be available for purchase using UST tokens inside the platform. Using all the necessary procedures the platform will validate this token as a security of Uservice Company.
In 2020 Uservice Company will perform IPO when USX token holders can become real co-owners of Uservice. The USX token holders will be provided with 20% of share in Uservice Company.
USX token will be created only under favorable legal terms for its legitimate acceptance as a crypto-value security in Uservice Company seat of business jurisdiction.
Token exchange
UST and USX token exchange will take place inside Uservice platform at any time with no fee charged.
UST token can be sold/purchased on the major crypto-currency exchanges
Uservice’s Promise
Currently, Uservice caters land-based automotive services but eventually the platform will combine the marketplace participants of waterborne and air transport. The Uservice Platform applies blockchain technology based on Ethereum smart-contract. Blockchain provides total operating activity awareness of company. The entire program interface is being developed to integrate feasible business processes into our platform. Blockchain technology will provide an opportunity to store and analyse large volumes of data, as well as to create clear and open history of car operations. Based on our successful www.uremont.com product and the blockchain technology, the new Uservice Platform will make life of its participants easier, more convenient and safe.
For example, drivers, dealers, insurance companies, car service stations, auto groups and digital solution providers can connect to the System and offer their services, which will increase blockchain value. www.Uremont.com is a basic product of Uservice Team and is ready-to-use IT platform for collecting, analyzing and building the rating system and for identifying car service stations.
In addition, Uservice Team is concerned about the grade of environment pollution resulted by industrial productions as well as progressing growth of hazardous substances impact from vehicle operation and service. In due course, the Uservice Project is expected to be presented in the majority of countries and we will monitor our partners’ activities and create all the necessary functionality to provide appropriate recycle of automotive waste products according to European standards. In order to achieve these goals we consult our project details with WWF organization.
To know more about the Uservice Project and its development team visit the following links:
For More Info can be seen below here:
Website:https://usrv.io/
Whitepaper:https://usrv.io/en-US/uservice.pdf
Facebook:https://www.facebook.com/uremont
Telegram:https://t.me/uservicebounty
ETh: 0xf1Aee635fb241e9668bE8d32Dd1AffA39Fc4a744
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