VLX, which is a global cross-border payments and blockchain-enabled cryptocurrency launched by Vallix, will be an integral core connecting market leaders in the tourism & hospitality market. Vallix is a blockchain alliance in tourism & hospitality industry. It will introduce blockchain and VLX Token to tourism & hospitality industry to solve the problems of over concentration, lack of trust and low payment efficiency.
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.