RealTract main objective is to create an improved version of Ethereum’s smartcontract- 2.0 SMARTCONTRACT : more functional, bridging blockchain and conventional technology to create true value. RealTract is a 4.0 BLOCKCHAIN with advanced technology that solves the issue of scalability and confirmation time of the existing blockchain technology
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.