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.
GoChain is a scalable, high performance, low cost, and decentralized cryptocurrency and blockchain that supports smart contracts and distributed applications. GoChain promises to deliver 100 times the speed of the Ethereum network, and acts a better alternative to smart contracts by using Proof-of-Reputation as a consensus mechanism rather than Proof-of-Work or Proof of Authority. Check out CoinBureau for the complete review of GoChain.