CarVertical: Get, Set Go! cV Gets Listed on Exchanges Only a Week After ICO
If you’ve ever been to car dealership, you know how difficult it is to find a great deal, and let’s not even talk about buying used cars. Without proper records, and sharing of data across borders, it is very easy to fall victim to the likes of Odometer fraud, hidden defects, concealed bugs and more.
Blockchain technology facilitates immutable record-keeping and forms the core of carVertical, a new platform, which aims to create the world’s most comprehensive car registry, pooling information from a multitude of sources, including official national registries, police databases, Interpol data and records kept by insurance companies, leasing companies and other avenues.
When all this information is stored on the blockchain, it becomes unchangeable, and by virtue of that, trustworthy. Users of the carVertical platform will be able to check information on any car, down from its initial registration to any insurance claims, mileage, accident history and so on.
Even though the carVertical ICO ended recently, the project has been in the works since July 2017, and an MVP was also developed in September (click here for the MVP). Moreover, just a week after the ICO, cV tokens are already hitting exchanges, available on EtherDelta at the time of writing, with a KuCoin listing expected any day now.
Finally, the project has made another major announcement this week – Gian Avignone, one of Tesla EU’s founding members, has joined the cV advisory board, bringing highly valued automative industry experience to a project raring to go.
At the time of writing, cV is trading at over $0.02, up more than 40% in the last 24 hours. With a sound business model, focusing on a major industry and solving a real-world problem, carVertical can be expected to gain traction even faster as it hits more exchanges in the coming weeks.
