EBCoin will leverage blockchain technology to eliminate the hassle and high fees associated with tax refunds for international travelers and merchants alike. The EBCoin Wallet app will enable instant tax refunds, without having to wait in long lines at the airport or needing to hold on to paper receipts. Travelers will get 100% of their refund in EBC token, which will be instantly redeemable for additional duty-free purchases, or can be exchanged for their preffered currency at numerous ATMs in all major airports.
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.