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.
I/O Coin cryptocurrency enables up to 1MB doc AES256 encrypted storage (and transfer), encrypted messaging, private payments and identities. The blockchain is dapps ready via api. It offers up to 15 second POS blocks at 4MB per block.