MICROCHAIN is based on the openness and irreversibility of blockchain technology. Combining market research results and the latest technological progress, MICROCHAIN is committed to establishing national and even global product producers with Consumers are seamlessly connected to create a commodity information exchange and trade system in the blockchain world, promote the development of smart payments, smart contracts, and even smart living, and lead the arrival of a new retail era.
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.