aXpire has launched its latest technology innovation into the Fund Administration Services space. aXpire will initially serve to help asset and fund administrators and managers at banks, hedge funds, private equity firms and others to deal with the resource and time-costly process of allocating and apportioning outside vendor costs to each fund, or split of funds as is appropriate, based on the deal.
It is a blockchain-based ecosystem that connects all services, like the car dealer shops, mechanic shops and car rental companies, that touch your car to collect its lifetime data. Participants from automobile-related companies, services or trade industry will be connected and they will insert core data related to driving, traffic accidents, repairs and other car-related transactions into the blockchain. Participants who provide data related to automobile will receive MVL Point (MVP), a reward system used to encourage contribution to the ecosystem.