Want to know more about your benefits?

Choose your category and learn more about the benefits for:

Dealers
Insurance
Companies
Spare Parts
Manufacturers
Vehicle Manufacturers (OEM’s)
Additional
Infrastructure
Auto
websites
Institution
and Service
Leasing
Companies

Dealers

Become a connected dealer and reap the benefits of the VINchain system!

90% of Americans live in a household with at least one smart device.
With over 60% of Americans using their smart devices for the engagement of automotive customer experience.
Median # per Household % of U.S. Adults Who Say Their
Household Contains a …
2 84% SMARTPHONE
59%
CUSTOMERSDEMANDCONNECTIVITY
71% VEHICLE PRICING
SALES
1 80% DESKTOP OR LAPTOP
68% VEHICLE FOR SALE
1 68% TABLET
64% VEHICLE COMPARISONS
<1 39% STREAMING MEDIA DEVICE
46% DEALER INFORMATION
5 90% ANY OF THESE
14% SCHEDULE SERVICE APPT VIA WEBSITE
SERVICE
5% SCHEDULE SERVICE APPT VIA APP

How Will Dealers Benefit?

  • Acquire more leads interested in purchasing a new or used vehicle
  • Earn compensation with VIN tokens for providing vehicles’ maintenance histories (the tokens have a monetary value and can be redeemed for USD and other currencies)
  • Retain more customers for service after vehicle warranty expiration
  • Gain diagnostic insight into a customer’s vehicle before they set foot in the dealership
  • Establish an additional channel of communication with clients through a customized dealer app
  • Engage customers utilizing a new and ‘connected’ method
  • Save money and improve user confidence in diagnostic information, appraisals and estimates

Just imagine your future service:

THE NEW CONNECTED PROCESS
1
APPOINTMENT
  • An appointment for the 15th of June is created
  • A description of the problem is sent (with photos attached)
  • A reminder is set up for the 14th of June
  • Required information is available at the warehouse or business
2
VEHICLE
ARRIVES
  • The car is at the station
  • The order is taken by Kevin Smith
  • Works begins are 4pm
  • Pick up time is sent to the customer
3
VEHICLES SERVICE
COMPLETE
  • The car is repaired with the help of the app, customer and OBD data
  • The customer arrives at 12pm on the 16th of June to retrieve their vehicle
  • Customer leaves with a positive experience

Insurance Companies

Problems faced by
insurance companies:

Insurance companies rely on accurate data in order to provide the most competitive rates. In the pursuit of getting better and more complete data, insurance companies offer their own onboard (OBD) tracking devices, so they can be sure that the insured is qualified to receive a discount. Unfortunately the adoption rate of the insurance companies OBD devices is subpar for the following reasons:

  • Drivers do not want insurance companies to ‘spy’ on them
  • There is little transparency as to what else happens with the data
  • Insurance companies do not have a good reputation
  • At least 6 months of driving is necessary in order for customers to qualify for a discount
  • The discount is not guaranteed
 VINchain’s solution: 
  • VINchain provides full transparency and aligns incentives for drivers to participate in the system
  • The data is only used with the drivers permission
  • Insurance companies can request a complete and immutable driving history of the insured
  • The entire system is built on top of blockchain technology, which is fully transparent, making all data easily tracked
  • Data transmitted from VINchain OBD devices is impossible to falsify

Spare Part Manufacturers

Parts identification numbers can be tracked by the VINchain blockchain, which will increase transparency and reduce warranty fraud. Our blockchain technology will also lower costs for insurance companies by reducing the amount of false refunds (purchasing a genuine part, and then returning a fraudulent part as if it were the original).

OEMs and Third-parties Analyzing Data for Traffic Safety

  • Build long-term relationships with customers
  • Increase sales of original spare parts
  • Data analysis to improve warranty programs
  • Segment customers and provide appropriate recommendations
  • Car telemetry analysis
  • Timely offers and discounts for customers vehicle service needs
  • Reduce the cost of spare parts storage in warehouses without impacting sales processes and service times
  • Recommend more frequent service for customers with aggressive driving habits

Additional Infrastructure

The availability of a constant internet connection with a user’s smartphone and updates directly from the car removes the need to call dealers to analyze errors or update software

Auto Websites

  • Advertise with VINchain.io
  • Become a partner to offer additional services to clients
  • Earn from contributing your own vehicle data

Institution and Service

  • Utilize the analysis of consumer data and behavior like never before in order to leverage sales activities, receive comprehensive customer satisfaction reports, engage new customers and increase loyalty
  • Receive predictive data of the next dealer visit in order to raise time the vehicle service order more effectively
  • Drive content in the app to improve consumer engagement and increase spare parts sales

Leasing companies

  • Avoid the leased car stigma - get a fair price for each car in you fleet
  • Know exactly what each of your vehicles has been through
  • Protect yourself from costly disputes in case a problem arises

Join us today to help us create the future of the automotive industry!

We use cookies to personalise content for you and to analyse our traffic.

Find out more how we use cookies