Repo Coin, a platform that uses stellar protocol for token operation as a replacement for the usual ERC20. Our project belongs to the car repossession industry. Our project was developed by a number of professionals with extensive knowledge of the industry. Our major aim is to solve problems that are relating to insecurities of non-payment by the borrowers towards finance companies with the aid of technology and business solutions. Our strategic goal is to decentralize the entire process thereby taking it beyond traditional practices that consumes time and efforts. With the aid of blockchain and automatic digital license plate number reader technology, this project will provide an end to end technology solution. This project will incorporate blockchain technology to the lending and service market.
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.