First Global & Decentralized Car History Registry.
Built on Blockchain Technology.
The Importance of the Topic
The automotive market is booming. According to reports,
88.1 million cars and light commercial vehicles were sold
worldwide in 2016, 4.8% more than the year before. It is
expected that sales will hit the point of 100 million cars a
year in 2020.
Since the new car market is constantly growing, the
growth of used cars fleet becomes inevitable.
The statistics shows that the annual world’s car fleet
growth rate is on average 4%. New car registrations
contribute roughly 7% to the fleet growth, which means
that fewer cars are deregistered or utilized than
registered. Car fleet is constantly getting older.
If we convert that into numbers, in 2015 only in Germany
the second-hand car market was the size of 77.85 billion
EUR, and it is supposed to reach the level of 95 billion
EUR by 2020. China is only gaining momentum, but it is
expected to become the epicentre of second-hand car
business within 3-4 years.
Every car has on average from 3 to 5 owners during its
lifecycle. Ownership change involves risks which are
mainly associated with unfair seller practices (odometer
fraud, hidden accidents). Only in European Union, the
total annual consumer detriment of problems which
occurred within one year of purchasing a second-hand
car was estimated to be between 1.9 and 4.1 billion EUR.
A significant 25% of EU28 second-hand car buyers (44%
in the EU13) experienced at least one unfair commercial
practice from the dealer.
Despite on Explosive Growth of Used Car
Market, 4 Major Problems Still Exist
1. Scattered historical data with limited access
Historical vehicle data is gathered and kept in various
registers and databases, such as manufacturers, certified
workshops, insurance companies, private logs, as well
as personal car owner’s (at that particular time) records.
The EU and US regulations state that all data is owned by
the car owner, but in reality this data is shared between
various databases and registers, while public access
is usually forbidden or only available for a significant fee.
Only the first owner of the car can be 100% sure about
their car history. Then, due to the constant owner change,
its history is deluded through different databases.
2. Used car owners and buyers are not aware of
the full history of the car
If you want to buy a car which has changed two or three
owners and even a few countries, there is a big chance
that the car will have a troubled history. For example, its
odometer may have been clocked to hide its true
mileage, airbag deployments can be hidden, or it could
have a flood damage. The car might have had an
accident logged at the insurance company and might
have been repaired at the 3rd party’s repair shop.
Another possible case is when a car becomes a total loss
and the insurance company makes pay-out to the owner,
but instead of being dismantled, it is sold to an unfair
dealer who makes“cosmetic repairs” and sells this car
in another country as “in perfect condition”. There is a
number of methods used by unfair used car dealers.
3. (Non) public data
There are plenty of paid database services which can
provide small pieces of information about car history.
The main problem is that those companies monopolize
data which in general should be public. Another part of
data belongs to national car registries , which are
centralized. Some countries sell that data to private
databases, while others keep data and do not share it.
The third part of data is held by thecertified and
sometimes uncertified car workshops. Only certified car
services share their data with car manufacturer’s
database. Uncertified car services keep their data locally.
The fourth and the most valuable part of data is kept by
insurance companies and is rarely available to the public.
4. No ability to share data in between centralized
databases
The main problem is that all private and centralized
national registries hardly ever share data with each
other or simply sell it as a service. It is incredibly difficult
to build trust in such complicated data relationship. It is
crucially important in fragmented regions, such as the
EU or Asia, where cross-border trades make it difficult to
track vehicle history. There is no possibility to transfer
trust from one centralized service to another. That puts
used car buyers into a complicated situation, because
thereis no single source for checking car history and
getting asmuch information about its history as possible.

The Idea and Solution
carVertical is a blockchain-based solution which solves
all described problems. It gathers as much information
about car history as possible from different sources
and puts it into the blockchain registry. Why is blockchain
needed for such a simple web product? All data which is
in the blockchain cannot be changed, faked, rewritten,
or manipulated. It provides full transparency and builds
trust. The most important of all is that all car history data
becomes de-centralized and has public access to it.
The person who checks car data via carVertical can
be 100% sure that no one has manipulated its mileage:
all insured accidents are logged, and the user gets as
much data about the car as possible.
One world - one registry for all vehicles. This is an
unprecedented case.
This is just the beginning of what we are going to do
and achieve.
Business Model
On a top of car history blockchain registry we will build
five products for both B2B and B2C segments and
monetize them in a very short period of time. Executing
it step by step will guarantee a start of cash flow only in
seven months after completing the ICO.
carWallet - Your car in the Application
Wallet is a mobile gateway to virtually manage your car’s
registration and maintenance records, perform insurance
or technical inspection tasks.
FREE
CarWallet Database
Reports
Whitelabel
API
PAID
Imagine you have just bought a second-hand car.
You install a carVertical.Wallet app on your mobile device,
then authorise it via blockchain superstar Civic
(www.civic.com) secure identity platform and claim the
ownership of your car. That is all you need, your virtual
car ID has been created.
carVertical.Wallet will gather information from state
registries as well as other official sources and assign it
to an appropriate ID. Besides basic car information
carVerical.Wallet will also contain information
about the validity of insurance, vehicle maintenance
schedule, and technical inspection dates. For an owner
this is an attractive opportunity to emphasize the value
of the car by leaving all maintenance records on the
blockchain. For carVertical this is an enormous tool to
monetize the business by becoming an efficient sales
channel for insurance or maintenance-related services.
Finally, carVertical.Wallet will truly revolutionize
the second-hand car market by eliminating unfair trade
practices, e.g., hidden defects after accidents. While
claiming ownership, a person will also become familiar
with the “history report” of a particular vehicle. This
draws a very clear line of responsibility when it comes to
selling a car and pretending not to know its previous
condition.
We are considering testing carVertical.Wallet with
authorities in some EU countries.
carVertical.Reports for Car Buyers
Since there are a few obstacles, and the access to
blockchain without specific knowledge is a hard job,
one of our solutions is to provide paid reporting.
To a customer we will provide a unified and
easy-to-read report which includes full car history and
specific information about that particular vehicle. We will
incorporate machine learning into our report generation,
so that the user could see an accurate and aggregated
conclusion about the state of the vehicle.
carVertical.Whitelabel:
Business Opportunity for Everyone
We want and feel the need to spread and ensure easy
access to this registry for as many people as possible.
 2017 July
Our belief is that the fastest way to do so is to give Which Blockchain Technologies Will Be CarVertical idea
correct tools to others which will help to localize and Used?
2017 September
spread the access. The car history registry database as
a B2C business model is quite hard to establish even if Registry records will be stored in BigChainDB Started working on MVP

you have a good team. Also, it takes time. We will provide (bigchaindb.com). Static content will be stored in IPFS. 2017 October

white label (franchise) solution to everyone who wants User tokens and API limits data will be stored in the Made 50.000 EUR

to run such business on their own. Ethereum blockchain. App interface will run on Ethereum self-investment
2017 December
DAPP. We will fully utilise blockchain technology as
Budget raised with additional
Our company will provide access to data, CRM, website possible in such product type. To build incentives 30.000 EUR self-investment
2017 December
templates, automatic report creation system, and mechanism we are thinking about using Ardor (evolved
MVP launch of car’s
payment processing for a monthly or single fee. version of NXT).
history pre-check
The buyer will only need to figure out how to create 2017 December 26th

marketing for their product and start earning revenue. For carVertical.Wallet secured identifications we will fully Start of ICO
integrate blockchain superstar which is 2018 January
Civic Identity Verification technology (www.civic.com).
carVertical.API for Big Fish Start of onboarding
databases and registries
2018 January (end)
Big companies, such as the ones that provide insurance, Brief Roadmap of different countries
Alpha version of
leasing, or claims handling services and others are Wallet application:
2018 March
constantly in a great need of expanding their data Our team have broad experience of working with Power to the People
various global web products. We have acquired Alpha version of
sources. For such companies we will provide an API API product
(automated programing interface), which can be easily knowledge of product development by utilising latest 2018 April 5th

integrated within their in-house systems and supported technologies, business development, and marketing End of ICO.

all the time. through real-life applications. It is definitely safe to say 2018 May
In 6-16 weeks tokens
are listed on exchanges
that we are well-prepared. One of our team members White Label solution
has worked in a leading Europe’s car history database for biggest classifieds
carVertical.Database: company in C-Suite; thus, we have the main competitive group in Baltic states
2018 June

Transparency to People Start of revenue

advantage which is the deep expertise of the market
2018 July
All data which CarVertical is going to collect from insider.
First EU country
different databases, registries, and sources will be placed with Reports product
2018 December
on public Ethereum which is controlled by decentralized During the first nine months of 2018, we will develop a
Beta version of
blockchain registry. Everyone in the world can access this working carVertical product (web product and apps),
Wallet application
which can cover B2C & Public access parts of the 2019 January
registry for free and can be sure to find trusted car
history. A possibility to add information blocks will be business model. From January 2018, we will start API product

only granted to trusted entities. onboarding different local and global databases and 2019
registries which belong to countries or private owners carVertical development
and start getting revenue in June 2018. continues in all directions
The Token carVertical token flow chart
+ CV token
Our main goal is to establish a working company with - CV token + CV token carVertical company
cash positive revenue stream in the shortest period car.Reports CarVertical company gives CV tokens for
car.WhiteLabel earns CV token as well a users who
possible and get stable growth of the company and car.API products as other crypto or FIAT downloads
can be bought with currencies for carVertical.Wallet
community. That is why we are going to set equal and CV token as well as customers buying the app and registers his
individually assigned purchase cap for each contributor with other crypto or Reports, WhiteLabel car
FIAT currency and API products
during the ICO. The hard cap of the ICO is 15050 ETH. - CV token
The soft cap of the carVertical ICO is 3050 ETH. The pre- User spends
CV token (other
ICO stage is 1050 ETH. crypto or FIAT
currency)
to pay for
The Team and founder tokens will be vested in 4-year in-app
services like
period to show our commitment to the overall success of + CV token
insurance,
CarVertical company earns CV
carVertical. token (other crypto or FIAT maintenance,
currency) from service/product tyres and etc.

We will not have any bounty or programs. We will offer Token Pool providers "offer participation fee"

different discounts in 6 waves of ICO. Pre-ICO stage

+ CV token
participants will be granted with various gifts. Service/product
- CV token
Service/product
+ CV token providers earns
providers pays
car.Wallet USER CV token (other
Contributors who purchase more than 2,5 ETH worth of fee in CV token
can buy CV crypto or FIAT
(other crypto or FIAT
tokens from currency) for
CVs will have to perform KYC check to prevent identity successfully sold
currency) to Car Vertical for
crypto ability to make offers for USER
theft, terrorist financing, money laundering, and financial exchange's services or
products
fraud.
+ CV token + CV token
Tokens are compatible with the ERC-20 standard and Customers can buy Service/product
CV tokens from providers can
the token sale will be distributed via smart contracts on crypto exchange EXCHANGE
buy CV tokens
the Ethereum Network. We will not pay dividends, from crypto
exchange
bonuses or other pay-outs for token owners in any form.
Utility tokens are used to purchase carVertical services Distribution of carVertical Tokens (CV)
and get paid for joining services; thus, we consider it as
a currency. More details about token execution, flow
43% ICO
chart, and other information can be found on carvertical.
14% Team*
io & white-paper.
13% Founders*
Token price 1 ETHEREUM = 240 000 CV + Wave Bonus 23% carVertical.Wallet early birds
1% Special coins
6% ICO organization, legal and incorporation
expenses, payments for advisors, third-party services
and marketing;
1050 2000 3000 3000 3000 3000
ETH ETH ETH ETH ETH ETH *The tokens for the team and founders will be frozen
for 4 calendar years.