Engine (EGCC) aims to be a global vehicle life cycle data sharing platform based on blockchain technology. The network seeks to encourage the sustainable development of the auto industry by utilizing transparent, traceable, and testable automobile life cycle data. The Engine aims to create a set of auto data ecology on the blockchain through pre-project scale data collection and use these data along with blockchains in the productions of the underlying technology.
Being built on the point-to-point transmission, decentralized secured blockchain, the Engine network plans to deliver the following categories of company services: second-hand car transactions, car insurance, auto parts, and car owner service.
According to the whitepaper, the Engine platform seeks to solve the problems of mutual trust and the communication process through blockchain and internet technology. Also, the platform seeks to crack the industry barriers, monopolistic profits, and information forgeries. The protocol aims to solve the pain points of the automotive industry, incorporating features like traceability, data security of the blockchain, etc.
The Engine aims to reduce the data cost effectively while solving data ownership and enhancing efficiency. The network seeks to allow global users to share and access data on an equal floor:
EGCC is a native token on the Engine blockchain. The token aims to be a valuable measurement of the digital plotting of tangible automotive assets on the Engine blockchain. EGCC tokens seek to be specially used to swap required car data queries, perform car valuations, publish information, and many other functions.
