CarBlock Whitepaper

CarBlock is a decentralized blockchain platform and ecosystem that serves the entire
automotive and transportation industry. While the internet has enabled the ow of
information, Carblock will do the same for data and assets. This increased access to
data will enable businesses to make better decisions and stimulate a more efcient
operation for them on CarBlock, while also attract individuals, teams, universities and
research institutions to join the ecosystem and eventually change the entire
automotive and transportation industry.

The premise for CarBlock’s inception is that from the beginning of the 21st Century,
digitalization, networking, and big data have driven tremendous changes in the
automotive industry and its peripheral industries[1]. CarBlock will be rst incubated by
the world’s leading connected car device company, nonda (No NDA Inc) and then will
later conduct its operation independently. The team behind CarBlock took nonda
from a small Silicon Valley startup and grew it to being one of the world’s leading
connected device companies. The team rmly believes that traditional mindsets
regarding the automotive and transportation industries will inevitably be disrupted.
We will share more details about those insights later in the whitepaper.
CarBlock’s ecosystem is built based on extensive research and investigation. Based on
that information, we work off of the following fundamental principles:
The ownership and interest of all data should belong to the data provider, in most
circumstances, the car owner. First, this is where the regulations are headed
(especially in most Western countries), and second, car owners are the foundation
of CarBlock’s ecosystem and serve as the link between business and data. Our
expectation is that Blockchain and its decentralized nature will provide the perfect
solution for these scenarios.

CarBlock will not prot as the middleman in the data marketplace. On the contrary,
CarBlock will ensure the free circulation of data and decrease the friction during
this process. The purpose of transaction consumption is to merely cover the cost of
the system. CarBlock will even subsidize individuals, teams, universities and research
institutions with creative capacity if the organization perceives the potential of
those offerings to better the ecosystem

Summary
CarBlock is a decentralized blockchain platform and ecosystem that serves the entire
automotive and transportation industry. While the internet has enabled the ow of
information, Carblock will do the same for data and assets. This increased access to
data will enable businesses to make better decisions and stimulate a more efcient
operation for them on CarBlock, while also attract individuals, teams, universities and
research institutions to join the ecosystem and eventually change the entire
automotive and transportation industry.

The premise for CarBlock’s inception is that from the beginning of the 21st Century,
digitalization, networking, and big data have driven tremendous changes in the
automotive industry and its peripheral industries[1]. CarBlock will be rst incubated by
the world’s leading connected car device company, nonda (No NDA Inc) and then will
later conduct its operation independently. The team behind CarBlock took nonda
from a small Silicon Valley startup and grew it to being one of the world’s leading
connected device companies. The team rmly believes that traditional mindsets
regarding the automotive and transportation industries will inevitably be disrupted.
We will share more details about those insights later in the whitepaper.
CarBlock’s ecosystem is built based on extensive research and investigation. Based on
that information, we work off of the following fundamental principles:
The ownership and interest of all data should belong to the data provider, in most
circumstances, the car owner. First, this is where the regulations are headed
(especially in most Western countries), and second, car owners are the foundation
of CarBlock’s ecosystem and serve as the link between business and data. Our
expectation is that Blockchain and its decentralized nature will provide the perfect
solution for these scenarios.

CarBlock will not prot as the middleman in the data marketplace. On the contrary,
CarBlock will ensure the free circulation of data and decrease the friction during
this process. The purpose of transaction consumption is to merely cover the cost of
the system. CarBlock will even subsidize individuals, teams, universities and research
institutions with creative capacity if the organization perceives the potential of
those offerings to better the ecosystem.

Data circulation will create a mutually benecial situation for all participants within
CarBlock’s ecosystem.
Car owners can earn token rewards for providing data and in return, receive a
more tailored, or reduced, pricing based on the data they provide. This allows
participants to enjoy more creative services and products built from the provided
data.

Automotive and transportation companies can gain enormous amounts of data,
which will ultimately drive competition and force companies to come up with
better, more targeted, products and services built on the data received via
CarBlock. Given that the data itself is sanitized (no personal data will be shared),
CarBlock will serve as the bridge between businesses and users and become the
most efcient platform from lead generation to order fulllment.

All innovators will have to access to the data they’ve been longing for, and build
more creative services and applications upon it. Actually, CarBlock team has
already developed some creative services in the US market and received amazing
feedback. We used tire pressure data and cross analyzed it with gas consumption
to save millions of dollars of gas fee for our users. We created a tax deduction
service based on drivers’ mileage logs and helped them to save over $1,000 in tax
payment each year. We are further assured by these attempts that with the help
from data, more amazing things will be created by innovators.

As veterans in the connected car industry, we believe that applications and services
built on car data will present a massive, disruptive force in the industry. However to
date, the development hasn’t reached its full potential yet. The reason why is due to
the lack of consensus among data owners, collectors, and demanders, leaving
interests that are impossible to share equitably. In the past, data owners couldn’t trust
the entity to protect their privacy and have no incentives to share it with them, this is
the main reason that no one has built this technology. These are the reasons we’ve
created CarBlock to solve data circulation problems in the automotive industry
through blockchain technology.

CarBlock Website
CarBlock Whitepaper

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