Uservice – Blockchain Platform For Auto Service Centers UST ICO?

About Uservice

Uservice (UST) is a global decentralized blockchain platform for the Automotive industry which aims to unite and allow all industry players to interact on a single platform of UREMONT, Russian auto repair and service aggregator. As a significant aggregator of car service stations in Europe, UREMONT has processed close to 300,000 car repair requests through nearly 11,000 car service centers on its platform.

Currently, there is no single platform for all automotive industry players. There is a lack of transparency due to insufficiency of information when trying to buy or sell a car, meaning it's difficult to make well-informed, objective decisions. Further, despite a huge number of sensors, there are no effective tools for collating and analyzing the data.

Using Ethereum smart contracts, all deals and operations can be registered on the blockchain without the requirement of standard legal procedures for processing such requests. The immutability of the blockchain also allows for service operations to be a clear, controllable and safe process. More than just registering and processing auto service requests between drivers and car service stations, Uservice acts as a basis of a brand new ecosystem incorporating comprehensive data such as driver service, statistical data compilation and analysis and creation of new business processes in the automotive industry.

As drivers, dealers insurance companies, car service stations, auto groups and digital solution providers connect to the system offering their services, it adds to the value of the Uservice blockchain. By storing the entire history of a car immutably on the blockchain, Uservice aims to become the leading aggregator of car information in the automotive industry.

Decentralization of auto service operations allow:

* car owners to quickly find auto service centers which are available at an affordable price, receive discounts from insurance companies and order parts from manufacturers directly

* auto service stations to keep up a good flow of work without promotional ads, seek and obtain the best rates from manufacturers

* potential buyers to directly buy from a manufacturer without going through dealers and obtain full history of a car and every maintenance and service operation performed on the car at the time of purchase

* insurance companies to form precise pricing policies thanks to segmentation of the car owners taking into consideration the periodical analysis of the car maintenance

* manufacturers and parts supplies to use detailed analytics to account for volume of production and parts required and expand sales channels without having to spend on advertising

There are two tokens on the Uservice platform, UST and USX, with USX token to be launched in 2019.

UST Tokens can be used to make payments within the Uservice community, receive car records, verifying the authenticity of spare parts, purchase analytic information based on bigdata-platform, purchase media placement on the platform.

In addition, UST tokens can also be used to purchase the second token, USX, in the future. This is incorporated as an incentive to hold the UST tokens. USX token holders will have the opportunity to become co-owners of Uservice during an IPO which will take place in 2020. USX token holders will be provided a 20% share in Uservice.

Uservice has chosen the markets of Eastern Europe, Asia, America and Middle East as its entry point for deployment of service. Uservice has also evinced plans to monitor their partners' activities and create necessary functionalities to provide appropriate recycling of automotive waste in accordance with European standards through a consultation with World Wildlife Fund for Nature(WWF).

Residents of USA, citizens of Canada, Singapore and Korea are excluded as participants of the Uservice ICO.

The Team

  • Arthur Terisayan – Founder of Uservice and UREMONT
  • Alexandr Korotkov – CEO
  • Denis Shelkov – President
  • Mstislav Semipyatnov – IT Director
  • Kamil Gadjiev – Speaker

ICO Details

  • Platform – Ethereum (ERC20)
  • Presale – November 17 to December 17, 2017
  • Crowdsale – December 18, 2017 to February 1, 2018
  • Hard cap – 300,000 ETH
  • Accepted currency – ETH
  • Price per token – 0.0005 ETH

Uservice Verdict

Uservice is not an ICO out of nowhere. The team behind the project has exhibited tangible proof of concept its existing project, UREMONT. Uservice aims to streamline its operations by utilizing the transparent, trustless nature of the blockchain and automated service contract provision allowed by smart contracts. Although there are other very similar ICO proposals in the automotive industry, most of these projects are little more than a twinkle in the eye.

ICO Rating – 3.5/5

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Avatar
Bitcoin Exchange Guide News Team
B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,437FansLike
2,795FollowersFollow
4,190FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

Two Top Cryptocurrencies with the Worst Serial Market Performance

After the crypto winter of 2018, digital assets started recovering last year and continued the behavior into 2020. Although still far from their all-time highs,...

Chainlink, IBM, ING, Microsoft, NASDAQ, and R3 Among First to Join InterWork Alliance to Set Tokenization Standards

Top financial and blockchain industry companies have formed the InterWork Alliance (IWA) in a bid to standardize the business and enterprise tokenization market. The alliance...

Blockstream CEO Doesn’t Sell Any Bitcoin Mined on Anticipation of 3,000% Price Increase

Bitcoin miners might be busy selling more bitcoin than they are creating post halving but Adam Back, the chief executive officer of Blockstream Corp.,...

Coincheck Crypto Exchange Clients’ Data Compromised After Hacker Breached Its Domain

Japan-based cryptocurrency exchange, Coincheck, announced yet another hack – this time about 200 customers data was compromised after a domain account error. According to...

Crypto Crimes Soaring to $1.4 Billion in 2020; COVID-19 Related Frauds also Emerging

During the first five months of 2020, losses from cryptocurrency hacks, thefts, and frauds spiked to about $1.4 billion, as per the report from...

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today