VinChain (VIN)

VINchain are a decentralized blockchain database that records all relevant information regarding vehicles. For each car, a blockchain passport is issued which is kept in a distributed registry. VINchain are furthermore with the capacity of producing reports that can feel ordered immediately by buyers, vendors, and other marketplace individuals. Information about the automobile is accumulated in the databases of all system individuals (manufacturers, insurance organizations, services channels, banks and leasing companies, dealers, etc.) during the whole amount of their use. The blockchain-passport of this car are linked to the vehicle identification number (VIN) and placed in the VINchain blockchain system. This info is transparent and available to every person with access to the system. To shield the precision of information, the blockchain technology and data hashing through the SHA-256 cryptographic algorithm (sha 2 household) is put. This guarantees dependability and safety of information.